Banque Nationale Agricole stock: net banking income rises 6.2%

Published on 11/09/2026 at 00:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banque Nationale Agricole stock is backed by stronger deposits and capital through September. Asset quality remains a central investor risk.

Key developments at BNA

Customer deposits rose 15.1% to TND 15.819 billion by September 30, 2026.
Capital Intelligence cited strong profitability but highlighted a 28% non-performing loan ratio.
The bank's liquidity improved as deposits grew faster than customer lending.

BNA, TN0003100609, Illustration mit AI erstellt.

Banque Nationale Agricole reported stronger operating figures for the first nine months of 2026, with customer deposits expanding faster than lending. The update, published in October and carried by UniversNews, covers the period ended September 30.

Deposits outpace lending growth

Customer deposits increased 15.1% year over year to TND 15.819 billion. Customer loans, net of provisions and reserved interest, rose 3.1% to TND 15.598 billion. The faster growth in deposits lowered the loans-to-deposits ratio to about 98.6%, from 110.1% a year earlier.

Net banking income reached TND 858.5 million, up from TND 808.7 million in the comparable period. Investment portfolio income was a key contributor, while interest income edged lower and commission income was broadly stable. Operating costs rose, but the cost-to-income ratio improved slightly to 37.3% from 37.6%.

Credit quality remains the constraint

The stronger liquidity and capital position does not remove the bank's asset-quality challenge. In an October 26 analysis, African Manager reported that Capital Intelligence described BNA's first-half individual profit as up 14% to TND 156 million, while putting the non-performing loan ratio at 28%. The report also said provisions provide only modest coverage and that government securities represent a substantial share of the balance sheet.

For investors, the figures point to a mixed profile: deposit growth supports funding and liquidity, but high impaired loans and exposure to the sovereign remain material factors in assessing earnings quality and capital resilience. The September indicators also showed shareholders' equity, excluding the period result, up 10.6% to TND 2.302 billion.

BNA's business and banking peers

BNA is Tunisia's agricultural bank, serving farmers, businesses and Tunisian customers abroad through lending, deposits, payment services and related banking products. The bank's official website highlights dedicated services for farmers and fishers, companies and the Tunisian diaspora. In Tunisia's listed banking market, African Manager describes BNA as the country's second-largest bank and Société Tunisienne de Banque as the third-largest; Banque Attijari de Tunisie is another listed peer, according to Simply Wall Street.

The Tunisian banks sector gained 1.7% over the seven days through November 4, according to Simply Wall Street; broader market coverage is available in current market reports.

More news and analyses on Banque Nationale Agricole stock