The bank reported a net profit of 80.7 million dinars ($291.8 million) in a statement to the bourse, up from 76.3 million dinars in the prior-year period, an increase of 5.8 percent.

In March, Chief Executive Ibrahim Dabdoub said the bank was delaying expansion plans due to regional unrest but said the company was eyeing loan growth of between 10 and 15 percent in 2011.