Union Internationale de Banques (UIB) achieved a record net profit of 132.1 million dinars in 2022, compared to 81.3 million a year earlier, a growth of about 62%.
The bank saw its operating income increase by 11% to 762.8 million dinars, from 686.4 million a year earlier.
As for the bank’s operating expenses, they stood at 272 million dinars, against 243.6 million in 2021.
Consequently, the Net Banking Income (NBI) rose by 10.8% to 490.8 million dinars, from 442.8 million in 2021.
Provisions for loans and advances fell by 18.7% from 46 million dinars in 2021 to 37.4 million in 2022.
The operating result shows a 35% increase to 214 million dinars, against 159 million in 2021.
In addition, according to the draft resolutions to be submitted for approval to the Ordinary General Meeting to be held on April 19, 2023, the bank proposes the distribution of a dividend of 0.800 dinars per share, against a dividend of 0.700 dinars last year.
