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Tunisia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

BNA (البنك الوطني الفلاحي)

Main Activities: Banking and Credit Intermediation

Secondary Activities: Investment Brokerage and Other Financial Investments

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Company Information

Full name
Banque Nationale Agricole (البنك الوطني الفلاحي)

Headquarters
Hédi Nouira Street; Tunis Capital; Tunisia; 1001
Status: Listed
Operational Status: Operational
Financial Auditors: "La Generale d'Audit et de Conseil,DFK International" (2012)
Incorporation Date: June 1, 1959
Total Employees: 2,665

Tel: (+216) 71 831 000 - (+216) 71 831 200

Company Description

The Banque Nationale Agricole (BNA) is a limited company founded on June 1, 1959. By the creation of the BNA, the Government wanted to unify the agricultural credit and to encourage the development of agriculture. In 1969, the bank starts financing various sectors of the economy. This involved the change of its denomination, in Banque Nationale de Tunisie (BNT). The reorganization of the BNT and its fusion with the Banque Nationale de Développement Agricole intervened on June 24, 1989 which contribute
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 5.78%, from TND 407,335 thousands to TND 430,865 thousands. Operating result decreased from TND 49,365 thousands to TND 39,403 thousands which means -20.18% change. The results of the period decreased -16.72% reaching TND 35,969 thousands at the end of the period against TND 43,190 thousands last year. Return on equity (Net income/Total equity) went from 7.86% to 6.28%, the Return On Asset (Net income / Total Asset) went from 0.69% to 0.50% and the Net Profit Margin (Net Income/Net Sales) went from 10.60% to 8.35% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1160.03% compared to 1038.88% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.99 to 0.98 when compared to the previous year.

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Balance Sheet

Total Assets

7,218,296

6,254,042

Current Assets

6,275,646

5,469,154

Total Liabilities

6,645,431

5,704,900

Shareholders Equity

572,865

549,142

Current Liabilities

6,413,209

5,505,852

* All the accounts are in TND.
Income Statement

Total Operating Revenue

430,865

407,335

Operational Profit (Loss)

39,403

49,365

Net Profit (Loss)

35,969

43,190

* All the accounts are in TND.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.5%

0.69%

Annualised Return on Assets (ROA)

0.5%

0.69%

Return on Equity (ROE)

6.28%

7.86%

Annualised Return on Equity (ROE)

6.55%

8.76%

Return on Sales (ROS)

8.35%

10.6%

Return on Capital

4.89%

6.6%

Gross Profit Margin

100%

100%

Operating Profit Margin

9.15%

12.12%

Efficiency Ratios

Accounts Receivable Turnover

0.82x

0.84x

Current asset turnover

0.07x

0.07x

Fixed-asset turnover

0.46x

0.52x

Asset Turnover

0.06x

0.07x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

39,403

49,365

EBITDA

39,403

49,365

Enterprise value

5,894,338

5,942,847

Enterprise Value / EBITDA

149.59

120.39

Bookvalue (BV)

572,865

549,142

Net Cash

-5,508,738

-5,462,847

Liquidity Ratios

Current Ratio

97.86%

99.33%

Quick ratio

97.86%

99.33%

Doom's day ratio

17.72%

4.4%

Leverage Ratios

Leverage ratio

1,260.03%

1,138.88%

Debt to equity

1,160.03%

1,038.88%

Debt to total assets

92.06%

91.22%

Long Term Debt to Capital

28.84%

26.6%

Market ratios

Market Capitalization/EBITDA

9.79

9.72

Market Cap / Net cash

-0.07

-0.09

Trend Ratios

Revenue Trend

105.78%

102.76%

Net Income Trend

83.28%

107.17%

Operating Income Trend

79.82%

101.05%