Report
EUR 236.14 For Business Accounts Only

A Q1 without surprises!

Q1 2017 figures:
• Loans to clients declined by 0.7%, reaching TND4,099m during the first quarter of 2017 vs. TND4,130m as at 31/12/2016.
• Deposits at TND3,638m fell by 0.6% vs. TND3,661m as at 31/12/2016.
• Net Banking Income grew by 10.4% at TND63.167m vs. TND57.195m in Q1 2016.
• Operating expenses increased by 7.14% yoy to more than TND30m.
Underlying
Union Internationale de Banques

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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