UBCI’s customer deposits and assets were up 11.3% to 2,942 million dinars, at the end of the first half of the current year, up 298.8 million dinars compared to the end of December 2020.
The improvement in outstanding deposits benefited from the strengthening of sight deposits by +14.9% and term accounts by +15.1%. The share of sight deposits in total deposits increased from 56.5% at the end of 2020 to 58.3% at June 30, 2021.
On the other hand, the outstanding loans to customers fell slightly by 0.4% at the end of last June totaling 2,488 million dinars, a decrease of 10.6 million dinars compared to its level at December 31, 2020.
At the level of the income statement, the NBI of UBCI recorded a growth of 7%, as of June 30, 2021 compared to the same period of the previous year to 128.4 million dinars, benefiting from the firming of the margins on interest of 9% and the margin on commissions of 11%. Conversely, the margin on portfolio income declined by 2.6%.
Operating expenses, for their part, grew 9.9% to 84.8 million dinars pulled by the rise in general operating expenses of 31.3% to 29.5 million dinars despite the control of the rise in personnel costs of only 2% to 51.6 million dinars.
The bank’s operating ratio rose from 64.3% on June 30, 2020 to 66.1% on June 30 this year.