Global Net Result of Non-Resident Banks Decreased by 15.2% in 2024
The global net result of non-resident banks decreased by 15.2% in 2024, reaching $32 million (MUSD), according to the Annual Report on Banking Supervision for the 2024 fiscal year, published on Saturday by the Central Bank of Tunisia.
Interest Margin and Net Banking Product
The interest margin from the activity of non-resident banks slightly increased in 2024, with a 4.4% rise to reach $66.8 MUSD. This increase is mainly due to net income from operations with banking and financial institutions. However, the net banking product (PNB) declined by 3.5% to $103.9 MUSD, primarily due to a significant decrease in investment portfolio revenues, which plummeted by 58.3%.
Structure of Net Banking Product
In terms of the structure of the PNB, the share of interest margin from non-resident banks strengthened to 65% (compared to 59% in 2023). Despite a slight decrease of 1.2% in operating expenses, the operating coefficient worsened by 0.8 points, reaching 33.4% at the end of 2024, in line with the decline in PNB.
Operating Employment and Resources
The operating employment of non-resident banks recorded a modest increase of 1% in 2024 compared to 2023, reflecting both the recovery of credit activity (+11%) and the decline in market monetary operations in foreign currencies, mainly with the Central Bank of Tunisia (-26.2%). The operating resources of these banks experienced a more significant increase in 2024 than in 2023 (+1.9% compared to +0.3%), due to the rise in customer deposits (+3.9%) and the decline in bank loans (-2.8%).
Structure of Operating Resources
The structure of the operating resources of non-resident banks shows an increase in the share of customer deposits, rising to 74.6% compared to 73.1% in 2023, while the share of bank loans declined to 25.4%.
