Arab Tunisian Bank (ATB) Reports Net Profit of 2,567 MTND in First Half of 2025
The Arab Tunisian Bank (ATB) has recorded a net profit of 2,567 MTND for the first half of 2025, compared to 12,409 MTND for the same period in 2024. This decline is mainly due to a 6.0% contraction in net banking income, which stood at 171,329 MTND, affected by a 14.1% drop in interest margin, to 83,497 MTND.
Key Factors Contributing to the Decline
This trend is primarily the result of a higher cost of resources, in a context of deposit transformation. In fact:
- Remunerated deposits have increased by 310,112 MTND over the past year, while sight deposits have decreased by 134,079 MTND, reflecting a growing preference for savings among clients, driven by inflation and a search for yield.
- Interest products have been penalized by the 50% reduction in fixed interest rates applied to both outstanding loans and new loans, in accordance with specific provisions put in place by the authorities.
Positive Note: Controlled Risk Cost
On a positive note, the cost of risk has remained under control, with provisions and adjustments for loan losses, off-balance sheet items, and liabilities amounting to 32,745 MTND, compared to 34,826 MTND at the end of June 2024.
Increase in Operating Expenses
However, the bank has seen its personnel expenses increase by 13.4%, reaching 79,835 MTND, while general operating expenses have risen to 40,041 MTND. This increase in expenses has weighed on the operating result, which was limited to 5,559 MTND for the first six months of the year.
Stock Performance and Strategic Outlook
Since the beginning of the year, the stock has shown a performance of over 20%. The ATB continues to pursue its strategy focused on improving the quality of its assets, while seizing opportunities with a controlled risk profile.
