BTE Reports a Net Loss of DZD 5.4 Million for the First Half of 2025
The Tunisian Bank of Enterprises (BTE) posted a net loss of 5.4 million Tunisian dinars for the first six months of 2025. This figure marks a significant improvement, as the loss fell from the negative 11.3 million dinars recorded for the same period in 2024.
Key Financial Highlights
| Indicator | H1 2025 | H1 2024 | % Change |
|---|---|---|---|
| Net Banking Income | DZD 34.8 million | DZD 32.1 million | +8.6 % |
| – Interest & related income | ↑ 9.6 % (driving the overall rise) | ||
| – New contribution from the commercial portfolio | + DZD 2.9 million | ||
| Customer Deposits | DZD 1,198 million | DZD 1,035 million (June 2024) | +15.7 % |
| – Demand (checking) deposits | DZD 738.9 million | — | |
| – Time (term) deposits | DZD 459 million | — | |
| Net Provisions | DZD 6.4 million | DZD 10.7 million (2024) | ‑41 % |
| Personnel Expenses | DZD 21.5 million | — | (still high) |
| General Expenses | DZD 9.1 million | — | (still high) |
What Drove the Improvement?
- Higher net banking income – an 8.6 % increase, mainly thanks to a 9.6 % rise in interest and related earnings.
- New commercial‑portfolio earnings contributed an additional DZD 2.9 million.
- Strong deposit growth – total customer deposits jumped 15.7 % to DZD 1.198 billion, led by demand deposits (DZD 738.9 million) and term deposits (DZD 459 million).
Why the Loss Remains
- Reduced provisioning helped shrink the loss (net provisions fell from DZD 10.7 million to DZD 6.4 million).
- However, personnel costs (DZD 21.5 million) and general operating expenses (DZD 9.1 million) continue to weigh heavily on the bottom line.
Outlook
The bank’s profitability trajectory appears to be turning upward, driven by stronger income streams and a robust deposit base. Managing operating costs—particularly staff and overhead expenses—will be crucial for converting the narrowing loss into a net profit in the second half of 2025 and beyond.
Keywords: BTE, net loss, 2025 financial results, net banking income, customer deposits, Tunisia, banking sector, profitability, provisions, operating expenses.
