BNA Bank's Financial Performance: A Mixed Bag in H1 2024
At the end of the first half of 2024, the outstanding balance of customer claims at BNA Bank, net of provisions and reserved interest, decreased by 3.1%. Specifically, it dropped from 14.013 billion dinars as of June 30, 2023, to 13.585 billion dinars as of June 30, 2024.
On the other hand, customer deposits recorded a significant growth of 15.6%, with an increase of 1.687 billion dinars between June 2023 and June 2024.
The investment securities portfolio also experienced a surge, rising from 4.734 billion dinars as of June 30, 2023, to 6.175 billion dinars as of June 30, 2024. This increase is primarily attributed to subscriptions to the national loan and the acquisition of BTA.
In terms of operational performance, banking operating income reached 1.138 billion dinars as of June 30, 2024, compared to 1.065 billion dinars during the same period in 2023, representing a 6.8% growth.
However, banking operating expenses also increased, rising from 569 million dinars as of June 30, 2023, to 640 million dinars as of June 30, 2024, a 71 million dinar increase.
The net banking product saw a slight 0.3% increase, reaching 498 million dinars as of June 30, 2024, compared to 496 million dinars during the same period in 2023. Meanwhile, the total amount of operating expenses rose by 9.2%, from 174 million dinars as of June 30, 2023, to 190 million dinars as of June 30, 2024.