IslamicFinance.de

Al Baraka Bank Tunisia recently announced its financial results for the year 2019. The results revealed that the bank has moved forward with a net income that increased by 256% and total assets by 20% compared to the end of 2018. The Bank’s financial statements for the year 2019 show that the total income amounted to 133 million Tunisian dinars ($48 million), up 29% compared to the same period last year. After deducting all operating expenses, net operating income went up 54% to 30 million Tunisian dinars (US$11 million). The Bank also increased its shareholders’ equity by 9% to 174 million Tunisian Dinars (USD 62 million) at the end of December 2019.

Al Baraka Bank Tunisia stated that it had good results in 2010, increasing the net operating profit of the Bank with 4%, assets by 12% financing by 7%, deposits by 13% and shareholders equity by 8%. The reason for this good results are the many activities in the Bank's financing and investment in 2010.
For the future, Al Baraka Tunisia plans to leverage its new state-of-the-art core banking systems, the aim being to intensify the banking services offered to its customers, including e-banking.