Bank of Tunisia and Emirates Releases 2025 Financial Statements
The Board of Directors of the Bank of Tunisia and Emirates has approved its individual and consolidated financial statements for the 2025 fiscal year, which have been submitted to the auditors.
Key Financial Highlights
- Net banking income: 70.3 MTND, up 6.0% from 66.3 MTND in 2024
- Net result: -9.9 MTND, compared to -27.9 MTND and -32.1 MTND after accounting adjustments in 2024
- Equity: 29.0 MTND
Consolidated Financial Statements
- Net result before accounting adjustments: -7.2 MTND, compared to -26.0 MTND as of December 31, 2024
- Net result after accounting adjustments: -7.2 MTND, compared to -30.2 MTND a year earlier
Going Concern and Restructuring
Regarding the bank's ability to continue operating, it is worth noting that a restructuring process was initiated in 2024, marked by a first capital increase of 18.7 MTND, as part of a roadmap approved by its majority shareholders. The presence of two states in its capital provides a guarantee in itself. However, it is necessary to accompany this situation with progressive actions so that the credit institution can fully exploit its potential. Above all, it is essential to respect prudential rules, as achieving compliance appears to be challenging based on the published figures.
Upcoming General Assembly
The Board of Directors has decided to convene the shareholders in an Ordinary General Assembly on Thursday, April 30, 2026. This meeting will provide an opportunity to discuss various issues and gain more insight into the bank's next steps in its recovery plan.
