Zitouna Bank Releases 2025 Financial Statements
Key Highlights
- Net profit of 54,563 MDT, down from 74,168 MDT in the previous year
- 13.7% annual increase in Net Banking Income (NBI) to 450,885 MDT
- Interest margin accounted for 77.9% of NBI, totaling 351,149 MDT
- Net commissions from products reached 74,265 MDT
- Gains from financial operations and securities portfolios totaled 25,471 MDT
Financial Performance
The bank's financial statements for 2025 reveal a decline in net profit, primarily due to increased provisions for loan losses, which rose to 111,386 MDT. Personnel expenses also increased by 12.9% to 155,919 MDT. The operating result stood at 91,353 MDT.
Balance Sheet
- Deposits: 7,005,512 MDT
- Net credit outstanding: 5,838,897 MDT
Business Model and Outlook
Zitouna Bank's business model positions it as a major player in financing the economy, driving rapid growth in its loan portfolio and associated risks. However, the bank is more vulnerable to interest rate fluctuations due to its limited holdings of financial assets that can serve as a buffer against monetary policy changes. The development of a Shariah-compliant investment instrument market, such as sukuk, would provide the bank with an additional lever to enhance its profitability.
