Arab Tunisian Bank recorded an increase by 12.5% in net incomes, in 2017
Friday, 06 April 2018 20:08
In 2017, the Arab Tunisian Bank (ATB) recorded a net profit of TND214 million ($88 million), up by 12.5% compared to the volume in 2016. This was revealed in a report published by the bank today April 6, 2018.
The first private bank in Tunisia also reported an equity growth of 16.4%, to stand at more than TND1 billion (exactly TND1.40 billion) during the period under review, a record level ever reached by the bank or any other Tunisian-based bank.
Meanwhile, the total balance sheet hit TND13.53 billion at December 31, 2017, up 19.41% compared with 2016.
In regards to this strong performance, BIAT’s board suggested to the Ordinary General Meeting, to be held on April 30, to distribute a TND4, 250 per share.
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