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HomeNewsTunisia: UBCI announces 14% drop in NBI at end of June

Tunisia: UBCI announces 14% drop in NBI at end of June

The “Union Bancaire pour le Commerce et l’Industrie” (UBCI) has published its activity indicators for the 2nd quarter of 2020.

These indicators show a Net Banking Income (NBI) down by 13.88% to 106.6 million dinars, against 123.8 million on June 30, 2019.

Operating revenues reached 158 million dinars, a decline of 15.8% compared to June 30, 2019.

This decline is mainly due to exceptional measures taken by the Central Bank of Tunisia to support the economy affected by the impact of lockdown during the coronavirus pandemic.

Operating expenses reached 51.9 million dinars, a decrease of 19.48% compared to the same period in 2019.

At the end of last June, outstanding loans to customers (net of provisions and reserved agios) recorded a decrease of 366 million dinars (-13%) to reach 2.432 billion dinars.

On the other hand, customer deposits show a 1% increase compared to the end of June 2019, with an outstanding amount of 2.614 billion dinars.

In addition, the operating cost increased by 8% compared to the same period in fiscal 2019 with a 38.83% increase in operating expenses.

The general operating expenses include the Contribution to the financing of the National Fund for the fight against the Coronavirus (COVID19) Pandemic in the amount of 7.6 million dinars.

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