In the first nine months of 2018, medium and long-term deposits at Société Tunisienne de Banques (STB) increased by 11.7% (to reach DT2.7 billion) for savings and 24.1% (to reach DT1 billion) for term deposits.

The bank made no comment about these performances but, we noted that its outstanding loans to the economy and its investments have increased by about DT1 billion and DT500 million respectively.

In that context, its net banking income, affected by a 28.6% rise of its operating revenues and a 46.8% increase in its expenses, reached DT305.6 million. The bank owned at 77% by Tunisia seems to have entered a virtuous circle of reliability and profitability.

Since 2015 ended in net loss, the company's net profit has been rising steadily and 2018 seems to follow the same trend.

On the stock exchange, even though its share has been falling from the peak of DT5.4 reached in June 2018, it has risen by 24.1% on average since January 2018.  

Idriss Linge