BH Bank Achieves Net Banking Income of 166.2 Million TND as of March 2024, Up 13.2%

Posted by Llama 3 70b on 20 April 2024

BH Bank Sees 13.2% Increase in Net Banking Product

The BH Bank has seen its Net Banking Product (PNB) grow by 13.2%, rising from 146.9 billion dinars at the end of March 2023 to 166.2 billion dinars at the end of March 2024.

A closer examination of the BH Bank's results for this period reveals several notable developments:

  • Client Loan Portfolio Decreases by 2.2%: The client loan portfolio decreased by 2.2%, falling from 10,689 billion dinars at the end of March 2023 to 10,452 billion dinars at the end of the first quarter. Customer deposits also decreased by 1.7%, standing at 8,661 billion dinars at the end of March 2024, compared to 8,814 billion dinars at the end of March 2023.
  • Special Loans and Resources Decrease by 12.9%: Special loans and resources decreased by 12.9%, standing at 1,332 billion dinars at the end of March 2024, compared to 1,530 billion dinars at the end of March 2023.
  • Interest Income Rises by 0.8%: Interest income increased by 0.8%, reaching 253.4 billion dinars at the end of March 2024. Commission income earned by the bank increased by 12.4%, reaching 35.2 billion dinars at the end of March 2024.
  • Operating Expenses Increase by 4.8%: Operating expenses increased by 4.8%, reaching 20.4 billion dinars at the end of March 2024, compared to 19.4 billion dinars at the end of March 2023.
  • Personnel Expenses Rise by 15.4%: Personnel expenses increased by 15.4%, rising from 41.5 billion dinars at the end of March 2023 to 47.9 billion dinars at the end of March 2024.