Aggressive, warning about BT's portfolio quality
Over this Q2, BT saw its NBI increase by 13.3% yoy, driven by revenues from market activities that soaked up the decline in the interest margin. For the H1, the NBI reached TND128.090m, an increase of 11.3%. However, the operating expenses recorded a double-digit rise driven by the social costs. The cost / income ratio deteriorated from 30.8%, a year earlier, to 35%. Compared to the end of 2016, deposits increased by 5% to TND3,153m, covering only 86% of the loans granted (+ 6.8%).
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