Bank of Tunisia Reports Strong Q3 2026 Performance

Bank of Tunisia has released robust activity indicators for the first nine months of 2026. The bank’s Net Banking Income (NBI) reached 423.493 MTND, marking a 10.5% year-on-year increase.

Drivers of Growth

This positive momentum is driven by a dual favorable effect:

• Banking Operating Income: Increased by 3.4%, rising from 680.987 MTND to 704.260 MTND.
  • Interest Income: Grew by 2.3% to 512.216 MTND, positioning Bank of Tunisia as one of the few credit institutions to report such growth.
  • Commissions: Reached 75.678 MTND.
  • Commercial and Investment Portfolio Revenues: Stood at 116.366 MTND.
• Banking Operating Expenses: Decreased by 5.7% to 280.767 MTND.

Balance Sheet Highlights

• Net Customer Loans: Totalled 6,759.523 MTND as of September 30, 2026. The bank noted that this evolution reflects the continued commercial momentum in customer financing.
• Customer Deposits: Remained nearly stable at 7,103.711 MTND.
• Investment Securities Portfolio: Grew to 1,457.648 MTND. Notably, the bank holds no commercial securities on its balance sheet.

Operational Efficiency

Operational expenses reached 131.30 MTND, including 92.968 MTND in personnel costs. However, the growth in operating expenses remains lower than the growth in Net Banking Income, suggesting an improvement in the efficiency ratio for the period.

Market Reaction

The market has responded positively to these figures. The bank’s stock has exhibited an upward trend despite a broader bearish market environment. With a performance of over 41% since the beginning of the year, the stock’s trajectory underscores investor confidence in Bank of Tunisia’s fundamental strength.