Taysir Microfinance Publishes 2024 Financial Statements
Taysir Microfinance has released its financial statements for the 2024 fiscal period. The microfinance institution (IMF) achieved a net product of microfinance activities amounting to 35,130 Mtnd, a 22.7% increase compared to 2023. The interest margin rose to 32,398 Mtnd, up from 26,681 Mtnd recorded the previous year.
Net Commissions and Gains on Portfolio
Net commissions also progressed, increasing from 1,428 Mtnd at the end of 2023 to 1,763 Mtnd a year later. Short-term investment portfolio gains totaled 0,968 Mtnd.
Provisions and Value Adjustments
Provisions and value adjustments, which represent the cost of risk, increased by 25.4% to 2,204 Mtnd. The outstanding loans granted to customers totaled 174,957 Mtnd, with 163,722 Mtnd allocated to income-generating activities. The commerce sector dominated, with 72,109 Mtnd, followed by livestock (37,539 Mtnd) and services (27,449 Mtnd). This enabled the creation and/or preservation of 37,739 jobs.
Financing for Improved Living Conditions
Financing for improved living conditions reached 11,235 Mtnd, with 10,593 Mtnd framework of loans for housing improvement.
Sustained Growth and Resource Mobilization
This sustained growth rate required the mobilization of additional loan resources, reaching 134,228 Mtnd.
Operating Result and Net Income
The operating result reached 18,650 Mtnd, a 21.8% increase. The 2024 net income stood at 14,257 Mtnd, compared to 12,667 Mtnd in the 2023 fiscal period. The Board of Directors has convened an Ordinary General Meeting of shareholders, proposing a dividend distribution of 45,628 Tnd per share (nominal value of 100 Tnd).
