Tunisian Bank's Customer Deposits Increase by 9.76%
As of June 30, 2024, the Tunisian Bank's (STB) customer deposits have seen a significant increase of 9.76%, reaching a total of 10,628.3 million dinars. This growth is primarily attributed to savings deposits and term deposits.
Breakdown of Deposits
- Demand deposits have increased by 8.04%, reaching 3,941.2 million dinars.
- Savings deposits have progressed by 9.99%, amounting to 4,434.6 million dinars.
- Term deposits have recorded a strong growth of 20.86%, totaling 1,990.1 million dinars.
Borrowing Resources
Borrowing resources have risen to 634.3 million dinars, with a modest increase of 1.58% compared to the previous year. This growth is due to an increase in special resources, despite a slight decrease of 7.49% in bond and private loans.
Net Customer Credits
Net customer credits have decreased by 5.20%, amounting to 10,211.1 million dinars.
Strategic Reclassement
One of the notable highlights of the semester is the strategic reclassement of the STB, which has transferred 737 million dinars from its short-term Treasury Bond (BTA) stock to investment BTAs.
Consequences of Reclassement
As a result, the commercial securities portfolio has decreased by 59.30%, reaching 370.4 million dinars, while the investment securities portfolio has seen a strong increase of 64.58%, amounting to 2,641.1 million dinars.
Net Banking Income and Operating Expenses
The STB's net banking income has slightly decreased by 0.71%, reaching 337.7 million dinars. This decline is mainly due to an increase in banking operating expenses, despite a slight increase in banking operating income. In parallel, operating expenses have decreased by 2.71%, amounting to 160.8 million dinars.
Improvement in Operating Efficiency
Finally, the bank has improved its operating efficiency ratio, which has decreased from 48.59% in 2023 to 47.61% in 2024. This improvement indicates more effective cost management in relation to revenue.
