In line with our forecasts…
Attijari bank overcame the difficulties it faced in Q3, and achieved a modest growth on it operating profit margin during the last quarter (0.96% to 54.64%). That was mainly due to the progress witnessed by the Net Banking Income (4.64% to TND 274.866M). The bank was able to improve its banking cost-income ratio in Q4 2015, yoy, by 81 bp to 45.36%. Liquidity ratio (Deposits-to-Loans) is comfortable as it has progressed by 40 bp to 123.7%.
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