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Union Bancaire Pour Le Commerce Et L`Industrie Bourse: 1 director
A director at Union Bancaire Pour Le Commerce Et L`Industrie Bourse bought 50,000 shares at 22.000TND and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's d...
- Iram BENCHELBI
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.
- Iram BENCHELBI
A good trading portfolio!
Q1 2017 figures: • Loans to clients declined by 1.55%, reaching TND2,522m during the first quarter of 2017 vs. TND2,562m as at 31/12/2016. • Deposits at TND2,167m fell by 3.56% vs. TND2,249m as at 31/12/2016. • +12% in net banking income which reached TND43.892m vs. TND39.308m in Q1 2016. • Operating expenses increased by 8.4% y-o-y to more than TND30m.
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%).
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.
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