Growth but low deposits/credits ratio
Over Q1 2017, BT’s NBI reported a 9.0% increase to TND58.436m. This increase stem from a 8.7% rise in the bank’s net interest margin to TND32.785m and by a 7.7% increase in net commissions to TND12.52m. Revenues from commercial and investment portfolios amounted to TND13.123m, i.e. a 11.2% increase compared to Q1 2016. The bank’s operating expenses rose by 8.1% to TND21.752m, i.e. a (costs/revenues) ratio at 37.2%, the best ratio of the sector, which posted an average of 48.8% in 2016.Compared to the end of 2016, the bank’s deposits inched up 0.57% to TND3,171m.
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