Latest news with #AML30000
African Manager
03-05-2025
- Business
- African Manager
BT: Financial performance, resilience and prestigious awards in 2024
Banque de Tunisie (BT) recently published its financial statements during its Ordinary General Assembly, held in the presence of the board members, directors, executive management, shareholders, and guests. In his address, Chairman of the Board Eric Charpentier affirmed that BT has maintained its position as one of Tunisia's leading banks, demonstrating resilience through strong performance indicators. '2024 was marked by significant achievements, reflecting BT's strong performance,' he stated. For his part, Hichem Rebai, CEO of Banque de Tunisie, emphasized that 'BT continues to support its clients—individuals and professionals alike—while contributing to the development of the local economy, major public infrastructure projects, and key economic initiatives.' He added that the 'Best Bank in Tunisia for 2024' award, granted by The Banker, 'is the result of collective effort, where every individual has contributed to this success. It confirms that working toward a shared goal always leads to new waves of achievement and opens doors to perpetual growth.' '2024 was a year of accomplishments aligned with Banque de Tunisie's 2023-2027 strategic development plan,' the CEO noted. Net Profit of 188.41 million dinars at end-2024 BT closed 2024 with a net profit of 188.41 million dinars (MD), up 10.61% from 170.33 MD the previous year, after setting aside 39.84 MD in risk provisions. The bank paid 98.10 MD in corporate taxes (+37.95%), contributed 618,000 dinars to the National Education Reform Fund (+21.65%), allocated 9.89 MD to social solidarity (+21.70%), and paid 9.82 MD in cyclical contributions (+20.80%). Net banking income (NBI) reached 509.98 MD by end-2024, a 6.70% increase. Operating expenses rose by 7.4% to 155.98 MD, while the cost-to-income ratio—'one of the best in the market'—stood at 32.3%. Customer loans grew by 4.11% to 6.08 billion dinars, while deposits and customer assets increased by 15.4% to 6.69 billion dinars. Notably, Banque de Tunisie will distribute 94.5 million dinars in dividends, equating to 0.35 dinars per share, up from 0.29 dinars the previous year. The bank maintains its shareholder remuneration policy with a 50% payout ratio, compared to 43% a year earlier. Dividends will be paid on May 7, 2025. Banque de Tunisie Earns AML 30000 Certification Banque de Tunisie has obtained the AML 30000 certification, a stringent international standard dedicated to combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction (AML/CFT). Awarded by CERTIFINANCE-TUNISIA, with the endorsement of CERTIPRO-FINANCE-PARIS, this certification recognizes the bank's efforts to comply with the most rigorous financial risk management standards. This achievement follows a comprehensive voluntary upgrade process undertaken by BT to strengthen its operational framework, effectively mitigating financial crime risks. The bank has enhanced its control mechanisms, intensified staff training, and fostered a stronger risk management culture. BT Named Best Bank in Tunisia by The Banker During the annual awards ceremony held on December 4, 2024, in London, Banque de Tunisie was once again honored with the 'Bank of the Year – Tunisia' award by the prestigious Financial Times-owned The Banker magazine, competing alongside top-tier international banks. Read in over 120 countries, The Banker is a leading source of banking and financial industry insights, catering primarily to senior finance executives worldwide. Each year, the magazine awards 'Bank of the Year' to institutions demonstrating outstanding performance in their respective markets. Banque de Tunisie takes great pride in this recognition, which celebrates the dedication and expertise of its teams in serving clients and partners. Beyond financial performance, this distinction highlights the bank's focus on tailored products for corporate clients—particularly SMEs—and its commitment to financial accessibility through digital and remote banking channels. The 'Bank of the Year – Tunisia' jury also commended BT's efforts to 'cultivate a culture of excellence in digital transformation.' According to the bank, 'the long-term goal is to position innovation as an independent growth driver.'
African Manager
26-04-2025
- Business
- African Manager
BIAT achieves outstanding performance as evidenced by figures!
The Ordinary General Assembly of BIAT was held on Friday, April 25, 2025, at the bank's headquarters, attended by members of the assembly's board, directors, executive management, shareholders, and guests. Shareholders had the opportunity to review a detailed presentation of the bank's achievements and strategic initiatives implemented throughout 2024. Solid results and steadfast commitment to the economy In 2024, BIAT continued to decisively execute its growth strategy, combining financial strength with support for Tunisia's economic development. Guided by sound governance, risk management, and the dedication of its employees, the bank reinforced its leading position in Tunisia's banking sector, particularly in deposit mobilization and net banking income generation. BIAT's deposits reached 20,814 million dinars, reflecting the enduring loyalty and trust of its clients. Net banking income stood at 1,479.7 million dinars, driven by growth in its investment portfolio. These results enabled BIAT to achieve a net profit of 357.7 million dinars, underscoring the resilience of its business model and the effectiveness of its strategy. With a credit portfolio of 12,807 million dinars, BIAT sustained its support for economic financing. Its balanced and diversified credit portfolio reflects active engagement across all sectors. True to its mission of backing productive industries, BIAT prioritized the industrial sector, which accounted for over 28% of its commitments. The bank also strengthened its support for businesses through close partnerships and the allocation of 1,214 million dinars in investment loans in 2024. For individuals, over 38,000 loans were granted to support household projects and purchasing power. BIAT continued to serve its 960,000 retail, professional, and corporate clients through a network of 206 nationwide branches. Its client base grew steadily in 2024, with 26,000 new young clients onboarded. These accomplishments earned BIAT four prestigious awards in 2024, cementing its reputation as a leading bank in Tunisia and the region: – Best Bank in Tunisia by Euromoney (third time awarded). – Three accolades from Capital Finance International (CFI): – Best Bank Governance in Tunisia – Best Digitalization Strategy in North Africa – Exceptional Contribution to Youth Development in Tunisia Additionally, BIAT renewed its AML 30000 certification, reaffirming its rigorous compliance with international anti-money laundering and counter-terrorism financing standards. Accelerated Digital Transformation In 2024, BIAT advanced its digital transformation with the launch of MyBIAT Corporate, an innovative and secure platform for businesses developed in close collaboration with clients. Over 9,000 companies joined the platform, streamlining remote banking operations. Meanwhile, MyBIAT Retail, serving individuals and professionals, grew to 390,000 users by end-2024. To bolster technological capabilities, BIAT established its subsidiary BIAT Innovation & Technology, consolidating IT expertise to drive digital and data development, implement cutting-edge solutions, and enhance cybersecurity. BIAT expanded its new branch concept in 2024, renovating nearly 40 branches nationwide (including Tunis, Bizerte, Sfax, Djerba, and Tozeur) to integrate human-centric service with digital innovation. A digital queue management system was also deployed in 65 branches, enabling online appointments, efficient client flow, and real-time customer feedback analysis.
African Manager
08-02-2025
- Business
- African Manager
Tunisia: Certified ISO 9001, BH INVEST reclaims excellence
Ending 2024 on a high note by winning the prestigious international label 'Customer Service of the Year 2025' in the 'Stock Market Broker' category, BH INVEST, a subsidiary of the BH Group and one of the leading players in Tunisia's stock market sector, has reaffirmed its commitment to excellence following its ISO 9001 certification. This certification, awarded by AFAQ AFNOR INTERNATIONAL, was celebrated on February 6, 2025, during a ceremony held at BH INVEST's headquarters. The event was attended by its CEO, Mrs. Sonia Ben Frej, the managerial staff, and members of the BH Group. 'This achievement is the culmination of concerted efforts by the entire BH INVEST team to establish a quality management system aligned with the international standards of ISO 9001. The certification aims to optimize processes, ensure high internal quality, and enhance customer satisfaction. It underscores the efforts made by all components of the BH Group to strengthen its customer-oriented strategy and promote continuous improvement,' said a statement. It is worth recalling that BH BANK was certified MSI 20000 in 2023 (Financial Strength and Performance) and ISO 9001-2015 and AML 30000 in 2024 (Foreign Back-Office Service Quality) and (Compliance with Anti-Money Laundering and Counter-Terrorism Financing regulations).
