Tunisia: UIB announces net profit of 90 million dinars in 201

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    The “Union Internationale des Banques” (UIB) posted an excellent performance in 2017, illustrated in particular by a net result that exceeded 90 million dinars for the first time in its history.

    The bank said Monday it has achieved a net profit of 90.07 million dinars in 2017 against 75.8 million a year earlier, posting an increase of 18.8%.

    According to the bank’s financial statements, total banking income grew by 19.8 percent to 449 million dinars, compared to 374.8 million in 2016.

    Operating expenses went up 25% to 158.9 million dinars.

    Net Banking Income for the period rose by 17.1% to 290.1 million dinars. The operating result shows a growth of 21.5% to 138.5 million dinars at the end of last December.

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