(Ecofin Agency) - The increase in the cumulative net banking income of the listed banks contributed to an 11.5% rise in the aggregate incomes of all of the listed financial companies in Tunisia. During the period, Banque Internationale Arabe de Tunisie (BIAT), the Islamic bank Wifack International Bank and the Arab Tunisian Bank (ATB) recorded the highest increases in bank income.

The net banking income (NBI) of the 12 banks listed on the Tunis Stock Exchange reached TND6.2 billion (US$ 1.9 billion) at the end of 2022, Ecofin Agency gathered from a document published by the exchange last Monday.

The figure is up 12.1%, year-on-year. The highest contributor to that rise was Banque Internationale Arabe de Tunisie (BIAT), whose income rose by 24.5%, from TND1.01 billion in 2021 to TND1.2 billion at the end of 2022.

The next strongest contributor was the Islamic bank Wifack International Bank, whose income rose from TND49.6 million in 2021 to TND 60.5 million in 2022, representing a 21.9% increase.  Then came the Arab Tunisian Bank (ATB), whose income rose by 13.1%, the Bank of Tunisia (12.4%), and Union Bancaire pour le Commerce et l'Industrie (11%).

The cumulative rise in the banks' NBI contributed to an 11.5% increase in the aggregate income of the financial institutions listed in Tunisia.

The figures published by the Tunis Stock Exchange somehow confirm the analysis published by stock market intermediary MAC SA in January 2023. In the analysis, the intermediary indicated that BIAT was the leader of the Tunisian banking sector in terms of deposit, NBI, and net income.

Chamberline Moko