The "Société Tunisienne de Banque" (STB) has released its activity indicators for the first half of this year.
The management of the bank said in its report that the activity of the STB took place during the first six months of 2012 in a context characterized mainly by a liquidity squeeze at the sector level.
Customer deposits were $ 5,040.1 million dinars at end June 2012 against 5,193.4 million dinars at the end of the first half of 2011, thus recording a decrease of 153.3 million dinars or 3%. This decline affected only term deposits. The other categories of deposits recorded positive developments.
The net banking income (NBI) experienced an upturn of 1.7 million dinars, or 1.7%. This increase is due to lower operating expense.
As for revenues, they decreased by 4.6%.