Profit growth for BT's first half of 2000
( Tustex ) – BT (La Banque de Tunisie) published its interim results reflecting a robust growth in profit amid its aggressive lending policy. Total assets rose 14 percent up to TND1.16 million from TND1.01 million as of 30 June 99.
The rise was mainly due to the nearly 30 percent growth in customer loans that reached TND0.831 million, relative to the 13.4 percent rise in deposits which rose to TND 0.809 million. As a result, the bank's net income rose by 19.4 percent due to higher interest revenues.
BT consolidated its high profitability for the first half of 2000 with a rise in operating and net incomes of 55 percent and 38 percent respectively. Net profit reached TND 10.18 million at the end of June 2000, versus TND 7.373 million in the respective period of 1999.
© 2000 Mena Report (www.menareport.com)