Tunisia’s Bank of Tunisia Posts Net Profit of 85 MDT in H1 2025
Key figures (as of 30 June 2025)
| Metric | H1 2025 | H1 2024 | YoY Change |
|---|---|---|---|
| Net profit | 85 MDT | 81.2 MDT | +4.7 % |
| Operating profit (loss) | ‑134.9 MDT | ‑141 MDT | ‑4.3 % |
| Profit‑tax expense | 44.9 MDT | – | – |
| Operating income | 457.3 MDT | 439.5 MDT | +4 % |
| Gross domestic product (GNP) contribution | 261.1 MDT | 259 MDT | +0.8 % |
| Operating expenses | 196.1 MDT | 180.5 MDT | +8.6 % |
| Provisions & allowances | 37.6 MDT | – | – |
| Customer deposits | 6.79 billion TND | – (‑11.2 % YoY) | +11.2 % |
| Equity (shareholders’ funds) | 1.4 billion TND | 1.3 billion TND | +7.7 % |
Overview
- Net profit rises to 85 MDT, a 4.7 % increase over the 81.2 MDT recorded in the first half of 2024.
- Operating profit, however, declines to a loss of 134.9 MDT from 141 MDT a year earlier, reflecting higher cost pressure.
- The bank paid 44.9 MDT in profit‑tax for the period.
Revenue & Cost Drivers
- Operating income grew by 4 % to 457.3 MDT, driven by stronger fee‑based services and interest margins.
- Gross domestic product (GNP) contribution edged up to 261.1 MDT from 259 MDT.
- Operating expenses rose sharply to 196.1 MDT (up 8.6 % YoY), mainly due to increased personnel costs and technology investments.
- Provisions amounted to 37.6 MDT, absorbing part of the earnings uplift.
Balance‑Sheet Highlights
- Customer deposits surged 11.2 % YoY, reaching 6.79 billion Tunisian dinars, underscoring robust liquidity gathering.
- Equity strengthened to 1.4 billion dinars, up from 1.3 billion dinars a year earlier, improving the bank’s capital adequacy.
Takeaway
The Bank of Tunisia delivered a modest profit improvement in the first half of 2025, despite a dip in operating profit caused by rising expenses and higher provisioning. The institution’s ability to attract deposits and boost equity positions it well for the second half of the year, while cost‑control measures will be crucial to sustain profitability.
Keywords: Bank of Tunisia, net profit, first half 2025, operating profit, customer deposits, equity, Tunisian banking sector, financial results.
