Al Baraka Bank Tunisia

Al Baraka Bank #Tunisia increases its net income by 256%

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.

Net Operating Profits of Al Baraka Bank Tunisia Rise by 4% and Assets by 12% in 2010

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.

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