A Selective commercial strategy
UBCI posted satisfactory figures with an NBI increasing by 4.63% in Q1 2016 to TND39.308m, yoy. The bank’s main ratios have deteriorated, but it was able to release significant figures. Indeed, the banking cost income ratio has increased from 69.3% to 69.5%, year-on-year, which explains the decrease in the operating margin by 210 bps to 30.5%. In addition, the liquidity ratio (deposits/loans) deteriorated by 56 bps to 85.7%, yoy (+35 bps, qoq), staying at an uncomfortable level (below 100%).
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