UIB's Ordinary General Assembly: A Call for Structural Reform and Digital Transformation
On April 30, 2025, during the Union Internationale de Banques' (UIB) ordinary general assembly, Kamel Néji, Chairman of the Board of Directors, presented a lucid assessment of the bank's results, deeming them inferior to expectations. In a nuanced intervention, he attributed the underperformance to an insufficiently diversified business model and overly rigid internal management rules, advocating for a more comprehensive structural reform.
Acknowledging the impact of exceptional events on the 2024 financial year, Néji highlighted the need to rethink the business model to overcome a prolonged period of stagnation. Despite UIB's strengths, including its position among the top-performing private banks in terms of net margin, interest margin, and commission margin, he emphasized the importance of simplifying customer processes and improving debt recovery management, an area where deficiencies could become a significant risk.
Néji also stressed the need to accelerate digital transformation, initiated in the 2022-2025 plan, but whose results are still pending. Despite the mixed assessment, he expressed confidence in the bank's ability to bounce back, citing its human resources and technical capabilities as major levers. "The bank has the means to go further, provided it does things differently and better," he affirmed, calling for a bolder change of direction.
He also reiterated the importance of UIB in the national economy: "Today, as in the past, Tunisia needs UIB. Our duty is to take care of our bank." Preparing for the future, he emphasized, requires lucidity and determination, far from any form of immobilism.
Financial Highlights
The 2024 financial year ended with a decline in net income, amounting to 85.7 million Tunisian dinars (MTND), with a return on equity (ROE) of 8.8%, compared to 14.1% in 2023. This was mainly due to a significant tax impact (30 MTND) and a slowdown in credit (-4.9%). On the other hand, deposits grew by 9.1%, reaching 6.86 billion Tunisian dinars. The bank maintains solid regulatory ratios.
Distribution of Profits
The ordinary general assembly approved the proposal of the Board of Directors to distribute the net profit of the 2024 financial year, amounting to 85,706,809.765 TND, plus the positive carryover of 4,422,469.675 TND, bringing the distributable profit to 90,129,279.440 TND. This amount will be allocated as follows: 55,000,000.000 TND to ordinary reserves, 1,000,000.000 TND to the social fund, 29,376,000.000 TND to dividends, and 4,753,279.440 TND to the carryover.
The dividend payment date is set for June 2, 2025, at 0.850 TND per share or investment certificate. The settlement will be made through Tunisie Clearing and the intermediaries in the stock exchange and depositary account holders.
Fondation Féminin by UIB Celebrates 10 Years of Commitment
This year, the Fondation Féminin by UIB marks 10 years of engagement. Its 2024 report includes awareness campaigns on female and male cancers, actions in favor of female entrepreneurship through the Trophées Femmes Entrepreneurs, as well as workshops on positive education to promote a better balance between professional and personal life.
