UIB Reports Strong Profitability Growth in First Half of 2026

The Union Internationale de Banques (UIB) has concluded the first half of 2026 with a robust gross operating income of 125.2 million Tunisian Dinars (MDT), marking an 11.1% increase compared to the previous year. This significant performance is attributed to a 5.7% rise in net banking income, reaching 273.2 MDT as of June 30, 2026.

The primary driver of this growth was the substantial surge in revenues from the commercial and investment securities portfolio, which jumped by 26.8% to 50.2 MDT, up from 39.6 MDT a year earlier. UIB also enhanced its operational efficiency, reducing its operating expense ratio from 56.4% at the end of June 2025 to 54.3% a year later.

The interest margin saw a more moderate increase of 2.8%, totaling 146.1 MDT. Excluding the impact of Law 2024-41, its underlying growth was 5%. Commission income remained stable, showing a slight increase of 0.3% to 76.9 MDT. Overall banking operating income saw a minor decrease of 0.9%, amounting to 450.7 MDT.

On the commercial front, customer deposits grew by 1.5% to 7,183 MDT as of June 30, 2026, compared to 7,078 MDT a year prior. Net loans to customers also increased by 2.2%, reaching 6,480 MDT, representing an additional 138 MDT in net financing over the year. Borrowings and special resources decreased from 134.3 MDT to 98 MDT.