Net Banking Product (PNB) of the Bank of Tunisia Sees 14.7% Increase
The Net Banking Product (PNB) of the Bank of Tunisia recorded a 14.7% increase as of March 2024 compared to the same period last year, reaching 121,930 million Tunisian dinars (Mtnd). This growth testifies to the bank's operational efficiency and its ability to generate revenue in a changing economic environment.
Indeed, banking operating income has increased significantly, mainly due to the growth of commercial and investment portfolio revenues, which rose by 26.1%. However, this growth is accompanied by an increase in banking operating expenses.
Customer loans have increased by 9.8% compared to the previous year, reaching 5,859,725 Mtnd.
Meanwhile, customer deposits have also recorded a notable growth of 10.3%, reaching 5,838,390 Mtnd. This increase is mainly attributed to the growth of savings deposits and sight deposits, suggesting continued customer confidence in the bank's stability and reliability as a deposit institution.
Considering these promising financial results, as well as the decision of the Annual General Meeting (AGO) to allocate 92 million dinars to reserves, the Bank of Tunisia's equity has increased by 8.2% compared to the previous year, thereby strengthening its overall financial position and its ability to pursue long-term growth.