Report
EUR 236.14 For Business Accounts Only

A recovery of deposits and credits ...

H2 2017 figures:
• Loans to clients reached TND4,291m during H1 2017 vs. TND4,130m as at 31/12/2016, i.e. +3.88%.
• Deposits at TND3,823m grew by 4.42% vs. TND3,661m as at 31/12/2016.
• +12.3% in net banking income which reached TND133.661m vs. TND119.027m in S1 2016.
• Operating expenses increased by 14.52% y-o-y to nearly TND69m.
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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