Report
EUR 236.14 For Business Accounts Only

A growing NBI (+7%)!!!

BNA has finally managed to register an increase of the NBI in Q2 2016 by 7.2% to TND183.627m, compared to Q2 2015. But the bank was not able to improve its banking cost/income ratio decreasing from 54% to 55.8%, during the same period. This explains the decrease in the operating margin by 173 bps to 44.2%. However, the liquidity ratio (Deposits/Loans) went up by 649 bps from 82.4% to 88.9%, compared to Q1 2016.
Underlying
Banque Nationale Agricole

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

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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