Union Bancaire pour le Commerce et l'Industrie (UBCI) Holds Ordinary General Meeting
The Union Bancaire pour le Commerce et l'Industrie (UBCI) held its ordinary general meeting on Monday, April 29, 2025, at the Radisson Blu hotel in Tunis.
On this occasion, the Chairman of the Board of Directors, Hassine DOGHRI, welcomed the shareholders present, thanking them for their loyalty and constant commitment to the Bank. In his opening speech, he praised the Bank's resilience in 2024 and highlighted the transformation dynamic undertaken by UBCI, aimed at strengthening its market position, supporting its clients in a sustainable development approach, and actively contributing to the growth of the national economy.
Mohamed KOUBAA, UBCI's General Manager, presented the review of the past year, highlighting a trajectory of sustainable growth and solid fundamentals, supported by rigorous risk management. This set of results testifies to the resilience of UBCI's economic model.
He also shared the major strategic advances of the year, including a significant milestone, the successful migration to the new Flexcube information system. This major technological evolution has given the Bank total IT autonomy, enhancing its agility, innovation capacity, and independence.
As part of its transformation plan, UBCI has reorganized its Business Pole to strengthen commercial dynamics, develop its client portfolio, particularly among SMEs, and increase its market share. This new organization aims to optimize client orientation and decision-making processes while maintaining rigorous risk management.
In this key phase of transformation, UBCI unveiled its strategic plan for 2029: "Emergence 2029". The result of a participatory and collective approach, this vision outlines the contours of a new development cycle, positioning UBCI as a universal and civic bank, resolutely focused on sustainable performance and positive impact. Guided by its founding values - Innovation, Quality, and Sustainability - UBCI aims to strengthen the confidence of its stakeholders, increase its commercial reach, and generate inclusive prosperity.
UBCI continues to demonstrate the effectiveness of its risk management model, based on a rigorous lending policy and reinforced recovery follow-up. This approach has led to a continuous improvement in portfolio quality, with a reduced non-performing loan (NPL) rate of 5% and a coverage rate exceeding 76%, among the best in the sector.
In this context of sustained performance, the UBCI General Meeting also approved the distribution of a gross dividend of 1,250 dinars per share, payable from May 7, 2025.
UBCI thanks all its shareholders for their renewed trust and reaffirms its commitment to pursuing the transformation dynamic in a spirit of innovation, responsibility, and sustainable performance.
