Attijari Bank's Second Quarter Performance Remains Positive
Net Banking Income Sees Slight Annual Increase of 0.3%
Attijari Bank's second quarter results have been positive, with a slight annual increase of 0.3% in Net Banking Income (NBI) to 172,025 MTND. However, the interest margin decreased by 9.9% to 78,665 MTND, a trend seen across the sector. This decline is attributed to the decrease in interest rates and the possibility of revising fixed rates on long-term bank loans.
Net Commissions Down 1.1% in Q2
Net commissions for the quarter stood at 32,901 MTND, a 1.1% decrease compared to the same period in 2024. Since the beginning of the year, net commissions have totaled 66,518 MTND, representing a 2.6% annual increase.
Investment Portfolio and Financial Operations Generate 129,012 MTND
The decline in net commissions was offset by revenue from the investment portfolio and gains from securities trading and financial operations, which generated 129,012 MTND by the end of June 2025.
Operating Expenses Increase by 12.1%
Attijari Bank's annual operating expenses increased by 12.1% to 185,922 MTND, driven by a 8.8% increase in personnel expenses to 131,753 MTND and a 25.4% increase in general operating expenses to 44,269 MTND. The operating expense ratio stands at 52.2%.
Commercial Performance Remains Strong
On the commercial front, deposits increased from 10,635,558 MTND at the end of December 2024 to 11,175,896 MTND, demonstrating the bank's strong geographic presence and ability to capture savings. Customer loans remained stable at 7,306,139 MTND. In response to new regulatory rules for check usage, the bank has offered simple, digital-based alternatives. Additionally, it has launched a new version of its Attijari Up mobile application.
Attijari Bank's Commitment to Social Responsibility
Attijari Bank is also a responsible bank, contributing to the Cataract Surgery Day initiative, which involved over 720 simultaneous operations across Tunisia.
First-Half Results and Outlook
For the first half of the year, the bank's gross operating income decreased by 7.2% to 170,500 MTND. While this trend is expected to continue, it's worth noting that Attijari Bank is one of the best dividend payers on the market, making it an attractive investment opportunity for those looking to invest in a bank.
