National Agricultural Bank (BNA) Announces 2024 Financial Results and Dividend Distribution
The National Agricultural Bank (BNA) has informed its shareholders and the public that its Board of Directors has approved the financial statements for the 2024 fiscal year, which have been submitted to the auditors and examined the activity report for the same period.
Financial Highlights
- The BNA closed the 2024 fiscal year with a net profit of 254,557 MTND and a result after accounting adjustments of 213,582 MTND, representing a 12.4% increase compared to 2023.
- The accounting adjustment of 40,975 MTND was recorded in the accounts as of the first half of the year.
- The bank underwent a tax audit for the period 2019-2023, which resulted in a total adjustment of 72,158 MTND, including penalties.
- The net impact on the financial statements was accounted for at the level of equity capital (accounting adjustment) for an amount of 40,975 MTND.
Dividend Distribution
- The Board of Directors has decided to convene an Ordinary General Meeting on April 30, 2025, and proposes to distribute a dividend of 0.950 TND per share to shareholders, subject to the approval of the Central Bank of Tunisia.
- In comparison, the bank distributed 0.900 TND per share in 2023.
- Based on yesterday's closing prices, the dividend yield stands at 9.5%, justifying the positive market reaction this morning.
