Tunisia's Banque de l'Habitat H1 net up 50 pct
TUNIS, Aug 28 (Reuters) - Tunisian state-controlled Banque de l'Habitat BH.TN reported 50 percent growth in first-half net income on Thursday as interest and investment income grew.
The bank's net profit for the six-month period rose to 27.9 million dinars ($22.7 million) from 18.6 million in the same period last year.
Revenue rose 14 percent to 89.9 million as income from investments doubled to 1.37 billion dinars and interest income grew to 124 million dinars from 108 million, the bank said in a statement posted on the Tunis bourse Web site.
Operating income rose 12 percent to 150 million dinars, outpacing an increase in operating charges of 8.4 percent.
Tunisian banks, which dominate the small local bourse, are making the most of accelerating economic growth in the North African country of 10 million and are seeking to comply with Basel II capital adequacy rules.
BH shares were little changed at 35.47 dinars at 1019 GMT, while the wider Tunis index .TUNINDEX rose 0.9 percent. (Reporting by Sonia Ounissi; Editing by David Holmes)
