banking

Tunisia: BNA Bank makes half-yearly net profit of 67 million dinars

September 6, 2020

The Banque Nationale Agricole (BNA) has published its interim financial statements for the six months ended June 30, 2020.

These statements show a half-yearly net profit of 66.8 million dinars, compared to 71.5 million at the end of June 2019, a decrease of 6.6%.

At the end of the first six months of the year, the bank achieved operating revenues of about 663.9 million dinars, compared to 623.7 million a year earlier, i.e. a growth of 6.4%.

This income is mainly composed of interest and similar income of 542.9 million dinars (+8%) and commissions of 61.6 million (+8.2%).

As for operating expenses, they rose from 317.8 million dinars at the end of June 2019 to 353 million dinars on June 30, 2010, up 11.1%.

To this end, net banking income (NBI) for the period rose slightly by 1.6% to 310.8 million dinars, compared to 305.9 million dinars a year earlier.

Taking into account 70 million dinars in provisions (+2.5%) and 102.4 million dinars in personnel costs (+4.5%), the operating result was almost stagnant (+0.3%) at the end of the first half of the year to 88 million dinars.

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