Tiny growth
STB posted a decline in its NBI for this Q2 (-3.1% year-on-year), bringing the total for the first six months of the year to TND158.560m. The slide in the interest margin (-21.9%) has offset the increase in commercial and investment portfolio income. Over this H1, the operating expenses increased by 22.3%, pulling up the cost/income ratio to 57%, i.e. an 11% increase, yoy. The bank saw its deposits and credits increase by 0.5% and by 4.8%, respectively, compared to the end of 2016.
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