UBCI saw its net banking income (GNP) rise by 19.15% over the previous year to 202 million dinars (MD).
Outstanding customer loans (net of provisions and reserved agios) rose by 7.6% in 2017 to 2.757 billion dinars.
Driven by demand deposits, up 18%, total deposits from customers rose by 8.9% compared to 2016, with an outstanding of 2.449 billion dinars.
Operating expenses increased by 11.25%, as a result of a rise in staff costs by 7.4% and operating expenses by 25.1% (which include 4.5 MD of non-recurring exceptional items).
Excluding this exceptional item, the increase in operating expenses would be 10.33%.
In addition, the bank’s cost / income ratio improved to 64.8% at the end of 2017, compared to 69.4% a year earlier.
