A welcomed top line growth, but less appreciable one for the expenses!
Q1 2017 Figures:• A 21.28% growth of NBI at TND82.067m vs. TND67.612m at T1 2016.
• Operating expenses grew by 13.28% to amount to TND29m.
• Deposits lost 1.1% at TND5,060m vs. TND5,116m by 31/12/2016.
• A mere increase in loans of 0.7% to amount to around TND5,931m vs. TND5,891m by 31/12/2016.
• D/L ratio lost 150bps, i.e. 85.3% vs. 86.8% by December 2016.
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.
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