The “Union bancaire pour le commerce et l’industrie” (UBCI) saw its net banking income (NBI) increase by 11.6% to 255 million dinars, at the end of 2019, compared to 228.4 million a year earlier.
The bank’s operating income grew by 5.8% to 380 million dinars while operating expenses fell by 4.4% to 125 million dinars.
Outstanding loans to customers (net of provisions and reserved agios) posted a decrease of 186.8 million dinars to 2.56 billion dinars, down 6.8% compared to December 31, 2018.
Customer deposits went down 6.9% with an outstanding amount of 2.44 billion dinars.
Operating expenses grew by 9% compared to 2018, with a 9.2% increase in personnel costs and an 8.21% rise in operating expenses.