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Banque Inter Arabe Tunisie: 1 director
A director at Banque Inter Arabe Tunisie bought 30,000 shares at 93.800TND and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
ASN Africa Stock Guide - July 2019
- In this Africa Stock Guide document, we have 33 main stocks selected from the Casablanca Stock Exchange from our scope of 40 companies, 13 stocks selected from the Tunisia Stock Exchange and 16 stocks from of the BRVM Stock Exchange. - The total capitalization of those stocks is: EUR 61.1 bn.
EURO CYCLES SA
BIAT BIAT
IAM ITISSALAT AL MAGHRIB STE SA
TJARI ATTIJARI BANK
ATL COMPAGNIE D'ASSURANCES ET DE REASSURANCE ATLANTA
ATW ATTIJARIWAFA BANK
NAKL ENNAKL AUTOMOBILES
CC CARTHAGE CEMENT
A110ZV TAQA MOROCCO
LBV HYPER S.A. (LABEL VIE)
SAH SAHAM ASSURANCE
LYD LYONNAISE DES EAUX DE CASABLANCA
GAZ AFRIQUIA GAZ
SFBT SOCIETE FRIGORIFIQUE ET BRASSERIE DE TUNIS
ATH AUTO HALL
OUL LES EAUX MINERALES D'OULMES S.A.
LES LESIEUR CRISTAL S.A.
DHO DELTA HOLDING S.A.
CMT COMPAGNIE MINIERE DE TOUSSIT S.A.
ADH DOUJA PROMOTION GROUPE ADDOHA
CMA LES CIMENTS DU MAROC
CDM CREDIT DU MAROC
ADI ALLIANCES DEVELOPPEMENT IMMOBILIER SA
TMA TOTAL MAROC SA
SOT SOTHEMA
MSA MARSA MAROC
DH DELICE HOLDING
LHM LAFARGEHOLCIM MAROC SA
2018 : Une transition économique difficile
Légère reprise de la croissance non accompagnée d’une amélioration des équilibres macroéconomiques en 2017 (hausse des déficits jumeaux, augmentation de l’inflation et du chômage)... ; …Qui devraient toutefois commencer à se résorber grâce à la réforme de la fiscalité introduite dans le cadre de la Loi de Finances 2018 et de la réforme de la fonction publique ; Performance satisfaisante du marché boursier en 2017, notamment des secteurs des technologies et des biens et services industriels… ...
- Please Change Name Olivier Panis
Banque Internationale Arabe de Tunisie: Update following downgrade to ...
FINANCIAL INSTITUTIONS CREDIT OPINION 25 August 2017 Update RATINGS Banque Internationale Arabe de Tunisie Domicile Tunisia Long Term Deposit B2 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Olivier Panis 971-4-237-953
- Please Change Name Melina Skouridou
- CFA
- Ranya GNABA
Consolidating its market leadership
BIAT shows an impressive evolution of its NBI over this Q2 2017. Indeed, the interest margin increased by 25%, bringing the NBI to TND17591m. The investment portfolio revenues continued to rise to 37.1%, yoy. For the six-month period as a whole, the NBI reached TND32813m, i.e. an increase of 18% compared to last year. The cost/income ratio improved despite higher operating expenses, mainly the social expenses (+14% absorbing more than 30% of NBI).
- Imen YAHIA
Debriefing of BIAT's general meeting
Comments on FY 2016 results: During BIAT’s general meeting, the management commented FY2016 achievements by highlighting the significant reversal of provisions for loss and expense, i.e. TND24m, which boosted the bank’s net result (TND193m on a consolidated basis taking into account the exceptional contribution). The management says that the latest downward revision of the key rate has cost the bank a loss of about TND25m in its interest margin in 2016. The meeting approved the payment of TN...
- Imen YAHIA
Always shining
Over Q1 2017, BIAT’s NBI reported a 16.4% increase to reach TND153m. This increase was fuelled by a 16% rise in net interest margin, 18.8% increase in revenues from commercial and investment portfolios to TND38m and by a 14.7% rise in net commissions to TND39.4m. Operating expenses increased by 9.6% to TND72.7m. Thus, (costs/revenues) ratio improved by 300 basis points to 47.5%. By the end of 2016, the bank’s deposits amounted to TND8.724bn, i.e.
- Imen YAHIA
The unchallenged leader
Over FY2016, BIAT’s NBI reported a 10.9% increase to reach a record of TND590.6m. This increase was fuelled by a 22.9% surge in revenues from commercial and investment portfolios to TND88.6m and by a 14.1% rise in net commissions to TND149.5m. The bank’s net interest margin added 4.43% to TND296.18m. Operating expenses increased by 11.2% to TND295.3m. Thus(costs/revenues) ratio remained almost stable at 50%. By the end of 2016, the bank’s deposits exceeded for the first time the threshol...
Still doing well!
BIAT posted satisfactory figures with an NBI increasing by 10.5% to TND146.772M, yoy, in Q2 2016. The main bank’s ratios have improved and the bank was able to release significant indicators. Indeed, the banking cost income ratio has decreased from 49.2% to 48.6%, year on year, which explains the increase in the operating margin by 58 bps to 51.4%. In addition, the liquidity ratio (deposits/loans) deteriorated by 266 bps to 117.6%, comparing to 31/03/2016, while staying at a comfortable level ...
A sustained growth
By the end of Q1 2016, BIAT’s NBI was up by 10.7% to TND131.489m. The operating revenues grew by 10.5% to TND133.279m, while the costs remained under control and increased by only 6.7% to TND66.307m, leading the banking cost-income ratio to improve, decreasing by 174 bps to 49.7%. Besides, the margin improved by 174 bp to 49.7%. In terms of liquidity, this ratio (Deposits/ Loans) has fallen from 122.9% on 31/12/2015, to 120.3% in Q1 2016.
Figures in progression…
BIAT released FY 2015 NBI in progression by 8.06% to TND531.371M, yoy, in line with our forecasts (+12.1%). This increase was boosted by the increase recorded in Q4 2015 NBI by 9.61% to TND153.239M, yoy. The bank has also recorded a steady fall in its main ratios. The banking-cost income ratio decreased from 50.27% to 49.18%, yoy. Also, the liquidity ratio depreciated from 124.18% to 121.01%, compared to FY 2014. Debts and special resources decreased by 8.61% to TND118.635M, yoy.
Decrease in loans !!!
BIAT's released NBI improved by 8.7% to TND117.903M in Q1 2015, yoy. The bank recorded an increase in its liquidity ratio (Deposits / loans), going from 126.9% in FY 2014 to 128.6% in Q1 2015. Regarding the bank's operating ratio, it improved slightly from 51.9% in Q1 2014 to 52.7% in Q1 2015.
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