The Union Bancaire du Commerce et l’Industrie (UBCI) held its Annual General Meeting (AGM) on Monday, April 29 at the Radisson Blu Hotel in Tunis.
On this occasion, the Chairman of the Board of Directors, Mr. Hassine DOGHRI, welcomed the shareholders present and thanked them for their loyalty and continued commitment to the Bank.
In his opening speech, he praised the Bank’s resilience in the financial year 2024 and highlighted the dynamic transformation that UBCI is undergoing in order to strengthen its market position, support its clients in a sustainable development approach and actively contribute to the growth of the national economy.
Mr Mohamed KOUBAA, Chief Executive Officer of UBCI, reviewed the past financial year, highlighting a sustainable growth path and solid fundamentals, underpinned by rigorous risk management.
These results demonstrate the resilience of UBCI’s business model.
He also reported on the year’s major strategic advances, including a structuring milestone in the successful migration to the new Flexcube information system. This major project marks the completion of the decommissioning of the old systems.
This major technological evolution now gives the Bank full IT autonomy, enhancing its agility, innovation and independence.
As part of its ongoing transformation plan, UBCI has reorganized its Business Division in order to strengthen its sales momentum, develop its customer portfolio, particularly in the SME sector, and increase its market share.
The new organization also aims to optimize client focus and decision-making processes, while maintaining rigorous risk management.
In this key phase of transformation, UBCI has unveiled its strategic plan for 2029: “Émergence 2029”.
The result of a participative and collective approach, this vision outlines the contours of a new development cycle to position UBCI as a universal and socially responsible bank, resolutely focused on sustainable performance and positive impact.
Driven by its founding values of innovation, quality and sustainability, UBCI aims to strengthen the trust of its stakeholders, increase its commercial reach and generate inclusive prosperity.
UBCI continues to demonstrate the effectiveness of its risk management model, based on a rigorous underwriting policy and enhanced recovery monitoring.
This approach has led to a steady improvement in the quality of the portfolio, with the non-performing loan ratio (NPL) down to 5% and a coverage ratio of over 76%, one of the best in the sector.
In the context of this sustained performance, UBCI’s Annual General Meeting also approved the payment of a gross dividend of 1.250 dinars per share, payable from May 7, 2025.
UBCI would like to thank all its shareholders for their renewed confidence and reaffirms its commitment to continue its transformation in a spirit of innovation, responsibility and sustainable performance.
