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Tunisia: UBCI announces net profit of more than 40 million dinars in 2017

The “Union Bancaire pour le Commerce et l’Industrie” (UBCI) has just published its financial statements for the year ended December 31, 2017.

These statements show a net profit of about 40.5 million dinars compared with 31.7 million a year earlier, representing growth of 27.7%.

In 2017, the bank saw its operating income rise 17% to 297.9 million dinars against 254.9 million a year earlier.

These products are shared out as follows: 188.1 million dinars in interest, 51.4 million in commissions, 34.6 million in securities portfolio and 23.8 million in investment portfolio income.

Banking operating expenses rose by 14.1% to 97.6 million dinars against 85.5 million a year earlier.

To this end, the Net Banking Income (NBI) is up by 18.3% to 200.3 million dinars. As for the operating result, it stood at the end of last December to 68.2 million dinars against 50.2 million in 2016 thus recording a growth of 35.8%.


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