Attijari bank Tunisia: NBI up 3% in the first quarter of 2021

As of March 31, 2021, Attijari bank Tunisia’s net banking income (NBI) stood at 130 million dinars (47.3 million USD), up 3% compared to March 2020, according to an indicator note. quarterly activity published Monday, April 19 on the Tunis stock exchange.

This growth is mainly due to the combined effect of the decrease in banking operating income of 5.8% to reach 202.8 million dinars (74 million USD), and the decline in banking operating expenses. from 18.5% to 72.9 million dinars (26.5 million USD).

Regarding customer deposits, they increased by 14% compared to March 31, 2020. Demand deposits and savings accounts grew by 13% and 12% respectively. As for outstanding loans, they increased by 2% compared to the end of March 2020 to stand at 5.935 million dinars (2 billion USD).

In addition, the bank informed in the document that it had inaugurated a second “Dar Al Macharii” center in Sfax. This entity specializes in support and free advice for young people, project leaders, self-employed people and very small businesses, clients and non-clients of the bank, combining financial and non-financial services.

The establishment also signed an agreement with the European Bank for Reconstruction and Development (EBRD). This agreement relates to a risk-sharing mechanism aimed at facilitating access to financing for Tunisian SMEs, and an agreement according to ISDA standards. This will allow institutions to enter into transactions involving market instruments in the future.

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