Affected margins, but solid deposit gorwth
At the end of this Q2, BH announced 9.9% growth of its NBI to TND85.190m. Over the H1, the top-line grew by 13.1%, yoy. The operating expenses recorded a significant increase of 11%, leaving the cost to income ratio down by 570 bps since the beginning of the year, to reach 41.3%. BH saw its Deposits/Credit ratio deteriorate compared to the end of 2016, following a 10.3% increase in loans, compared with only +7.1% for deposits.
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