HomeNewsTunisia: UBCI improves its half-yearly NBI by 9% to more than 140...

Tunisia: UBCI improves its half-yearly NBI by 9% to more than 140 million dinars

The activity of the “Union Bancaire pour le Commerce et l’Industrie” (UBCI) in the first half of the year was marked by an increase of 9.3% of the bank’s net banking product (NBI) to 140.7 million dinars, from 128.7 million dinars at the end of June 2021.

Operating income reached 190.8 million dinars, up 9.6% compared to the first half of last year.

As for operating expenses, they reached 50.1 million dinars, an increase of 10.6% compared to the same period of 2021.

The outstanding loans to customers (net of provisions and reserved agios) went up 267.3 million dinars to 2,758 million dinars, rising 10.7% compared to June 30, 2021.

The customer deposits, meanwhile, posted an increase of 5.6% compared to last year, with an outstanding amount of 3,107 million dinars.

In addition, the operating expenses grew 7.3% compared to the same period of 2021 due to an increase in operating expenses by 19.5% in connection with the transformation of the IT system following the sale of shares of BNP Paribas.

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