Report
EUR 236.14 For Business Accounts Only

A good trading portfolio!

Q1 2017 figures:
• Loans to clients declined by 1.55%, reaching TND2,522m during the first quarter of 2017 vs. TND2,562m as at 31/12/2016.
• Deposits at TND2,167m fell by 3.56% vs. TND2,249m as at 31/12/2016.
• +12% in net banking income which reached TND43.892m vs. TND39.308m in Q1 2016.
• Operating expenses increased by 8.4% y-o-y to more than TND30m.
Underlying
Union Bancaire pour le Commerce et l'Industrie

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

Analysts
Iram BENCHELBI

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