STB Bank has published its financial statements for the six months ended June 30, 2026. They show an improvement in the balance sheet, a rebound in credit growth in the second quarter, dynamic deposit collection, and the maintenance of a comfortable liquidity and solvency position.
By the end of the first half of 2026, total assets increased by 3.5%, from 15,360 MD to 15,901 MD. This growth was driven on the asset side by higher customer receivables and the securities portfolio, and on the liability side by growth in customer deposits.
After a stabilization phase in the first quarter, credit activity showed positive momentum in the second quarter of 2026. Net loans to customers rose by 1.9% over the semester, a pace considerably higher than that of the banking sector, which was limited to 0.3%. This rebound reflects the Bank’s ability to progressively restart its financing activity and to support the needs of its customers in a challenging economic environment.
At the same time, STB continued to contribute to financing public debt, notably through its participation in the auctions of Assimilable Treasury Bonds. The outstanding sovereign securities held by the Bank rose by 8% to reach 4,680 MD at the end of June 2026.
In terms of deposits, STB confirmed in the second quarter the positive momentum observed since the start of the year. Customer deposits reached close to 13 billion dinars at the end of June 2026, recording an increase of 3.7% compared with December 31, 2025.
This performance, aligned with the targets set, was mainly driven by savings deposits and sight deposits, which rose by 3.3% and 5.5% respectively since the start of the year. The growth of term deposits, meanwhile, was contained at 2.7%, their share standing at 21.7% of total deposits. This evolution shows the Bank’s aim to consolidate a stable and diversified funding base, while controlling the cost of its deposits.
The collection dynamics contributed to maintaining a comfortable liquidity position, as evidenced by the satisfactory levels of the short-term liquidity ratio (LCR) and the LTD transformation ratio.
Net Banking Income stood at 314 MD at end-June 2026, compared with 350 MD at end-June 2025. This evolution results mainly from the decline in interest income on loans, due to the decrease in average balances between the first halves of 2025 and 2026 and the accrual of interest on certain significant relationships, notably public, whose receivables underwent consolidation operations.
The impact of this decline was nonetheless cushioned by the growth in revenues from the securities portfolio and financial operations, as well as by the reduction of banking operating expenses. The latter is explained by the Bank’s cessation of recourse to monetary resources and by the control of the cost of customer deposits.
Operating expenses stood at 188.1 MD, up 7.1% from end-June 2025. This evolution mainly results from the integration of staff from STB-SG and STB-MG subsidiaries, in line with the provisions of Law No. 2025-9 on the prohibition of outsourcing labor.
The impact of this integration was partially offset by a reduction in operating costs, which fell by 10% to 44 MD, reflecting continued cost-control efforts. Under the combined effect of the decline in NBI and the rise in operating expenses, the operating ratio stood at 59.9%, compared with 50.1% a year earlier.
Finally, STB continues to show a solid prudential position. At end-June 2026, the Tier 1 ratio and the overall solvency ratio stood at 12.62% and 14.57%, respectively. These comfortable levels demonstrate the Bank’s financial resilience and its ability to support the recovery of its activity, while continuing to strengthen its fundamentals.
Source: Press release
