STB Announces Strong Financial Results for Q2 2025
Net Banking Product Reaches 187,393 MTND, Up 19.9% Year-over-Year
The Société Tunisienne de Banque (STB) has announced a net banking product (PNB) of 187,393 MTND for the second quarter of 2025, representing a 19.9% increase year-over-year. The interest margin has slightly increased by 2.2% over the past year, reaching 42,026 MTND, while net commissions on products have decreased by 5.3%, standing at 29,583 MTND. On the other hand, revenue from the portfolio has surged by 38.1% compared to the same period in 2024, totaling 115,783 MTND.
Strong Performance in the First Half of 2025
For the entire first half of 2025, the PNB has reached 351,427 MTND, up 11.2% compared to June 2024. Although the interest margin has decreased by 22.2%, to 81,538 MTND, and net commissions have decreased by 4.2%, to 59,228 MTND, these declines have been largely offset by exceptional revenue from asset management, which has reached 210,661 MTND. The bank's portfolio now stands at 4,585,662 MTND, representing an increase of 711,502 MTND over the first half.
Operating Expenses Under Control
Operating expenses have slightly increased by 2.7%, reaching 165,470 MTND. This level remains below the sector average observed over the same period. The cost-to-income ratio has improved, decreasing from 51.01% in the first half of 2024 to 47.09% in 2025.
Loan and Deposit Trends
The net loan balance has been established at 9,216,266 MTND, down 556,271 MTND compared to December 2024. In parallel, deposits have experienced a significant increase of 356,441 MTND. This should further improve the bank's transformation ratio.
Outlook
Overall, the published indicators are in line with the trends observed in the sector. We anticipate a stable net result for the first half, subject to the maintenance of the cost of risk at a level consistent with the historical quality of the bank's assets.
