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BH Bank: 1 director
A director at BH Bank sold 100,908 shares at 14.149TND and the significance rating of the trade was 83/100. 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 years clearly showin...
- Ranya GNABA
Affected margins, but solid deposit gorwth
At the end of this Q2, BH announced 9.9% growth of its NBI to TND85.190m. Over the H1, the top-line grew by 13.1%, yoy. The operating expenses recorded a significant increase of 11%, leaving the cost to income ratio down by 570 bps since the beginning of the year, to reach 41.3%. BH saw its Deposits/Credit ratio deteriorate compared to the end of 2016, following a 10.3% increase in loans, compared with only +7.1% for deposits.
- Imen YAHIA
A tough context
Over Q1 2016, BH’s NBI reported a 16.62% increase to TND82.28m. This increase was fuelled by a 44.48% surge in revenues from commercial and investment portfolios to TND26.24m and by a 16.23% rise in net commissions to TND17.88m. However, the bank’s net interest margin gained only 3% to TND38.15m. By the end of 2016, the bank’s deposits reached TND5,260.7m, i.e. an 0.84% increase compared to the end of 2015. Customers’ loans amounted to TND6,427.54m, i.e.
- Imen YAHIA
The same scenario repeats itself
Over FY2016, BH’s NBI reported a 17.46% increase to TND312.98m. This increase was fuelled by a 54.25% surge in revenues from commercial and investment portfolios to TND91.59m and by a 27.36% rise in net commissions to TND66.98m. However, the bank’s net interest margin inched down by 0.05% to TND154.398m. BNA was not definitely the only bank suffering from interest rates volatility. By the end of 2016, the bank’s deposits reached TND5,260.7m, i.e.
Interesting figures...
The bank achieved a correct NBI growth in Q2 2016, a yearly growth of 19.7% to TND77.539m. However, this growth is sufficient to improve the bank’s profitability indicators. BH witnessed an important increase of its cost-income ratio by 403 bps to 37.6%, during the same period. Overall, the operating margin increased by 4% to 62.4% in Q1 2016. Compared to Q2 2016, the Deposits/Loans ratio decreased by 132 bps, reaching 84.3%, comparing to Q1 2016.
Confirmed improvement...
BH published published an NBI in progression by 14.6% to TND70.559, yoy. The good performance during Q1 has contributed to the increase of the annual income. The bank has also recorded an increase in its management indicators. The banking cost-income ratio decreased by 541 bps to 43.23%. Furthermore, the operating margin improved by 1.3% to 56.8% at the end of the first quarter of 2016. The liquidity ratio (deposits/loans) depreciated from 88% to 85.6%, compared to the end of 2015, an extremely ...
The same pace of growth
BH released Q4 2015 satisfactory figures. The bank recorded a progression in its NBI by 6.47% to TND80.997M, i.e. annual growth by 10.56% to TND271.889M. Thanks to this important rise, the banking cost-income ratio decreased by 333 bps to 39.36%, compared to 2014 and the operating margin improved by 3.3%, reaching 60.6% during the same period. The bank was unable to improve its liquidity ratio (Deposits-to-Loans) which deteriorated, compared to FY 2014, from 97.23% to 88.19%.
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