Report
EUR 236.14 For Business Accounts Only

Good performance!

H1 2017 figures:
• Loans to clients increased by 8.11%, reaching TND2,769m during the first semester of 2017 vs. TND2,562m as at 31/12/2016.
• Deposits at TND2,406m grew by 7% vs. TND2,249m as at 31/12/2016.
• +16.3% in net banking income which reached TND97.3m vs. TND83.622m in H1 2016.
• Operating expenses increased by 8% y-o-y to more than TND61m.
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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