An under pressure liquidity
UBCI shows modest figures. The bank achieved a fair NBI in 2015, a growth of 5.11% yoy reaching TND158.153M. However, this growth is insufficient to improve the bank's profitability indicators. UBCI still suffers from a high cost-income ratio (67.76% in 2015 vs. 66.8% in 2014), which is above the average of the Tunisian banking sector (50.6% in 2015 for the covered banks of AlphaMena). Overall, the operating margin decreased by 2.9% to 32.2% in 2015.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.