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HomeNewsTunisia: UIB announces NBI of 262 million dinars at end September, up...

Tunisia: UIB announces NBI of 262 million dinars at end September, up 23%

The business indicators of the UIB for the third quarter of the year reveal an increase in customer loans by 9% compared to their level of December 31, 2017 and 16% compared to the same period of 2017.

Outstanding deposits totaled 4.5 billion dinars as of September 30, 2018, compared with 3.9 billion dinars a year earlier.

This rise in deposits of 557.9 million dinars, or 14.2%, is marked by an increase in demand deposits by 182.7 million dinars, savings deposits by 137.9 million, term deposits and certificates of deposit by 225 million and other deposits and customer deposits by 12.3 million dinars.

The interest margin reached 150 million dinars at September 30, 2018 against 114.5 million at the end of September 2017, up 31.1%.

The commission margin has increased by 12.9%, while income from the commercial and investment securities portfolio grew by 15.9%.

Net Banking Income for the period thus posted an increase of 23.1% to 261.9 million dinars against 212.8 million at the end of September 2017.

Operating expenses rose 21.9% between September 2017 and September 2018.

Excluding the contribution to the Guarantee Fund for Deposits, the evolution of operating expenses was only 12.2%.

Gross operating income went up by 24.1% to 139.5 million dinars on September 30, 2018 against 112.4 million dinars a year earlier.

The increase in gross operating profit is 32.7%, excluding the contribution to the Guarantee Fund for Deposits.

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