The Arab Tunisian Bank (ATB) generated an NBI of 128.9 million dinars at the end of the first half of 2018, recording an increase of 15.4 million dinars, or 13.6%.
Operating expenses, for their part, grew by 11.7 million dinars, or 18.4% to 75.5 million dinars, of which 25.5 million dinars were general operating expenses.
The latter increased by 7.4 million dinars, or 40.8%. In fact, the balance of general operating expenses includes the contribution to the deposit guarantee fund of 6.7 million dinars.
The operating ratio of the bank rose from 56.2% in the first half of 2017 to 58.6% in the first half of 2018.
Income before cost of risk and taxes was up slightly by 3.7 million dinars, or 7.4%.
This gain was absorbed by higher credit risk coverage costs. Indeed, provisions and the result of credit adjustments on receivables, off balance sheet & liabilities, grew by 6.9 million dinars impacting the net result which is contracted by 4.5 million dinars (-16, 5%) to 23.2 million dinars as of June 30, 2018.
