The first quarter of 2026 confirms depositor confidence in UIB, with customer deposits reaching 7.228 million dinars, a 4.4% increase (+305.7 million dinars) compared to March 2025.
This growth was mainly driven by savings deposits (+229 million dinars) and demand deposits (+142.6 million dinars).
At the same time, net customer loans outstanding rose by 4.9% to 6.395 million dinars, injecting nearly 298 million dinars in additional liquidity into the economy year-on-year.
Net Banking Income (NBI) stood at 132.5 million dinars, up from 125.7 million a year earlier, a 5.4% increase. This performance is particularly notable given a 0.9% decline in banking operating income.
Profitability was supported by a 4.7% rise in net interest margin (73.1 million dinars), a 27.6% surge in income from commercial and investment securities to 22.8 million dinars, and a reduction in operating expenses from 98.8 million to 90 million dinars.
An analysis of UIB’s results highlights the impact of new regulations on banking indicators. The bank specifically points to the effect of Law 2024-41 (amending the commercial code). Without this law’s impact, NBI growth would have been 6.4% instead of 5.4%.
Similarly, the bank’s operating ratio, currently at 56.1%, would fall to 53% when adjusted for the law’s effect, reflecting stronger operational efficiency.
In the first quarter of the current year, the bank’s operating expenses rose by 5.6%, with staff costs specifically increasing by 8% (55.3 million dinars).
However, the bank notes that when adjusted for the impact of Law 2025-09 on employment contracts, wage growth remains in line with annual inflation.
Finally, Gross Operating Income (GOI) followed the positive trend, rising 5.2% to 58.2 million dinars.
