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HomeNewsTunisia: UIB reports 22.2% increase in NBI

Tunisia: UIB reports 22.2% increase in NBI

In a constrained economic context, the “Union Internationale de Banques” (UIB) continues to improve its commercial and financial performances.

Net Banking Income was up sharply by + 22.2% year-on-year to 168.7 MD as of June 30, 2018, driven by a 28.7% growth in income from banking operations.

These results are driven by the sustained dynamic of interest and commission margins as well as the good performance of the commercial and investment securities portfolio.

This increase in the income of the UIB reflects the efficiency of its commercial conquest in the various Corporate and Retail client segments and its increased role in the financing of the economy.

Outstanding deposits and net loans to customers up compared to the end of June 2017 (+ 12% for deposits, an additional of +457.2 MTND, and + 18.9% for net loans, i.e. additional of +810.6 MTND) also testify to the confidence of its customers and the contribution of its initiatives in broadening its offerings and accompanying its customers.

Gross operating income increased by 25.2% to 87.3 MTND at the end of the first half of 2018, a pace that exceeded the forecasts of the 2017-2020 strategic roadmap

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