STB Publishes Q2 2026 Activity Indicators
The Société Tunisienne de Banque (STB) has released its activity indicators for the second quarter of 2026. The evolution of the Net Banking Product (PNB) reflects the pressure on the bank's margins. Over the first six months of 2026, the PNB stood at 313,775 MDT, down 10.4% year-over-year.
Breakdown of PNB Evolution
- This decrease is the result of an 8.8% contraction in banking operating products, partially offset by a 7.3% reduction in banking operating expenses.
- Interest income recorded a sharp decline of 22.1%, while commission-based products remained virtually stable, decreasing by 0.6%.
- Revenue from the commercial and investment securities portfolio increased by 17.1%.
Operating Expenses
- Operating expenses evolved by 7.3% over the period, reaching 178,615 MDT.
- This increase is primarily due to a 14.6% rise in personnel expenses, while general operating expenses decreased by 10.2%.
- As a result, the operating coefficient rose from 47.5% at the end of Q2 2025 to 56.92% a year later.
Customer Deposits
- Customer deposits recorded a substantial increase of 1,215,077 MDT, representing a 10.3% year-over-year growth, to reach 12,973,018 MDT.
- This evolution is driven by all categories of deposits.
- Sight deposits increased by 7.4% to 4,623,625 MDT, while savings deposits grew by 7.6% to 5,155,579 MDT.
Employment and Credit
- The outstanding amount of net loans decreased by 3.17%, from 9,094,150 MDT in June 2025 to 8,805,607 MDT in June 2026.
- This decline contrasts with the strong growth of the investment securities portfolio, which increased by 20.3% to 5,032,904 MDT.
- In contrast, the commercial securities portfolio decreased by 40.4%, bringing its outstanding amount to 240,691 MDT.
Overall Performance
- As of June 2026, the STB's main items show a mixed evolution, characterized by a significant increase in collected resources and investments, but also a contraction in banking revenue.
- The semi-annual result would be relatively stable compared to the previous year.
