Global Net Banking Product (PNB) of Resident Banks in Tunisia
The global Net Banking Product (PNB) of all resident banks in Tunisia reached 8,022 million dinars (MD) in 2024, recording a growth of 5.5% compared to 8.7% at the end of 2023, according to the Annual Report on Banking Supervision - 2024 exercise, published on Saturday by the Central Bank of Tunisia (BCT).
Performance Drivers
This performance was driven by:
- The progression of investment portfolio revenues (+31.1%, mainly due to interest on treasury bills)
- The increase in net commissions (+4.5%)
- A slight decrease in the global interest margin (-1.8%)
Allocation of PNB
The BCT specifies that the PNB was mainly used to cover:
- Operating expenses and amortization (49.1%)
- Credit risk (19.1%)
- The remaining amount was used to cover profits (19.6%) and income taxes (12%)
Global Net Profit
The sector posted a global net profit of 1.6 billion dinars, up 8.6% (compared to 20.2% in 2023), maintaining quasi-stable profitability indicators:
- ROA (return on assets) at 1%
- ROE (return on equity) at 10.3%
Balance Sheet
On the balance sheet side:
- Loans now represent 65% of total assets (-2.3 points compared to 2023)
- The securities portfolio accounts for 20.1% (+3.4 points)
- Dinar deposits have increased to 57.8% of the banking liability
- The use of market resources has reached 8 MD (+13.2%)
- The share of treasury bills in total assets has risen from 9.4% to 10.9%
Bank Performance
In 2024, 17 banks posted a total profit of 1,753.9 MD, compared to 16 banks for 1,664.8 MD in 2023, while 5 banks recorded a total deficit of 179.5 MD, compared to 6 banks in 2023.
Dividend Distribution
In line with prudent dividend distribution policies, the BCT published a circular framing the distribution for the 2024 exercise. Thus, the cumulative profit was allocated 48.4% to dividends (850 MD) and 51.6% to reserves.
