An interesting Q4…
ATB realized an interesting progression of NBI in Q4 2015 by 26% to TND41.992M, yoy. Thus, the NBI posted an annual growth rate of 17.14% to TND203.440M (+2.35%, according to AlphaMena). On the other hand, the bank was able to keep its costs under control: the cost-income ratio improved by 500 bps to 53.33% in 2015. Overall, the operating margin also improved reaching 46.7%. Contrary to the industry trend, the liquidity ratio increased from 114%, in FY 2014, to 114.4% in FY 2015.
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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