Tunisia: UBCI records good quarterly NBI, but charges are exploding

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    The net banking income of “Union bancaire pour le commerce et l’industrie” (UBCI) at the end of the first quarter of 2019 is 61.5 million dinars (MD), i.e. an increase of 14.67% compared to the end of March 2018.

    Customer deposits show an increase of 4.77% compared to 31/03/2018, with an outstanding amount of 2,524 MD.

    As a result, operating revenues reached 93.6 MD, up 13.38% compared to the first quarter of 2018.

    In return, operating expenses grew 23.67% compared to the same period in 2018 with an increase in personnel costs by 9.17% and operating expenses by 61.05%.

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