Islamic Banks in Tunisia See 11.1% Increase in Net Profit in 2023
In 2023, the 7 Islamic banks in Tunisia recorded an 11.1% increase in their global net profit, reaching 140 million dinars, despite a net provisioning effort of 62 million dinars.
According to the report published today, December 5, by the Central Bank of Tunisia (BCT), the Net Banking Product (PNB) of these banks grew by 10.1%, mainly driven by the profit margin.
Regarding profitability indicators, they continued to improve, with a consolidation of their market share in loans (7.4%), assets (6.9%), and deposits (8%).
Operating expenses increased by 10.2%, while the credit portfolio reached 7.943 billion dinars, dominated by Murabaha operations.
The outstanding classified claims increased by 9.1% to reach 577 million dinars.
