A tough Q4
Amen Bank released satisfactory figures with an increase in FY 2015 NBI by 4.15% to TND263.178M, yoy despite the deterioration of its main ratios. Indeed, the banking cost/income ratio worsened from 36% to 36.43%, yoy, which explains the decrease witnessed by the operation margin by 0.59% to 63.6%. Also, the liquidity ratio decreased from 90.49% to 86%, it is at an uncomfortable level – lower than 100%. On the other hand, the bank recorded an important degradation in terms of deposits by 7.08% to TND5.142bn, yoy.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.