Tunisian Bank Records Notable Financial Performance in First Half of 2025
The Tunisian Bank (STB) has achieved a remarkable financial performance in the first half of 2025, with a net profit of 22.3 million dinars (Mtnd), marking a significant increase of 54.5% compared to the same period in 2024. This growth is primarily driven by a 10.9% increase in its Net Banking Product (PNB), which rose to 350.4 Mtnd. However, this positive result is tempered by significant reservations expressed by the auditors regarding the reliability of certain accounting entries.
Key Factors Contributing to the Improvement
The improvement in PNB is mainly due to a 58.6% surge in investment portfolio revenues, which reached 170.2 Mtnd. In contrast, the net interest margin experienced a decline of 23.3%. Operating expenses were controlled, with a slight increase of 1.6% in personnel costs and a 7.4% rise in general operating expenses. Notably, there was a 35.6% increase in provisions for loan losses, which reached 155.4 Mtnd.
Notable Events in the First Half of 2025
The first half of 2025 was also marked by several notable events. The STB finalized the repayment of the state's contribution by paying the last installment of 37 Mtnd. The implementation of the new Credit Law 2024-41 resulted in a reduction of interest income by 4,589 Mtnd. On the judicial front, the Court of Cassation ruled in favor of the bank on April 30, 2025, in the Bruno Poli case, overturning a previous judgment that had ordered the STB to pay $7 million.
