STB : Net banking income reaches TND 696.4 million in 2023

Société Tunisienne de Banque (STB)'s net banking income remains steady, standing at TND 696.4 million by the end of December 2023, compared to 2022, as a result of the banking operating income rising 13.15% to TND 1,460 million and banking operating expenses growing 28.58% to TND 763.6 million. STB logged a 3.82% growth in customer deposits to TND 10,239.7 million between December 2022 and December 2023, due to a 2.88% rise to TND 3,805.5 million in overnight deposits. This is also the result of savings deposits and term depists edging up 9.69% and 1.7%, respectively,to TND 4,245.9 million 1,861.5 million, business indicators published on the Tunis Stock Exchange website show. Borrowing resources reached TND 670.9 million at the end of last December, posting a 6.24% rise compared to December 2022. Meanwhile, net customer loans fell 5.36% to TND 10,430.5 million at the end of Q4 of 2023. The cost/income ratio stood at 45.97% in Q4 compared with 42.19% a year earlier. Source: Agence Tunis Afrique Presse