UBCI Closes the First Half of 2026 on a Positive Note
Driven by a surge in deposits and sustained credit demand, UBCI has closed the first half of 2026 on a decidedly positive note. As of June 30, 2026, its net banking product stood at 193 million dinars (MD), representing a 10.1% year-over-year increase - a performance that confirms the solidity of its business model and the relevance of its development strategy.
Credits and Deposits: A Two-Digit Commercial Dynamic
The primary driver of this performance is undoubtedly commercial, fueled by the joint growth of credits and deposits. Net credit balances have increased by 11.6% year-over-year, adding 419 MD to reach 4,032 MD as of June 30, 2026, confirming the sustained financing demand from businesses and individuals.
This growth in commitments is accompanied by equally vigorous deposit collection: customer deposits have reached 4,271 MD, up 8.5% from June 30, 2025. This increase is driven by sight deposits (+11.7%) and savings deposits (+9.3%), which are the two main drivers of deposit collection during the semester and reflect renewed customer confidence in the bank.
Controlled Diversification of Resources
To support this growth, UBCI has also strengthened its refinancing sources. Loans and special resources have increased by 312.2%, rising from 49 MD to 203 MD in one year. This evolution is the result of targeted financing choices, including the issuance of two subordinated loans totaling 120 MD, aimed at strengthening the bank's financial structure, as well as the mobilization of a new special resource loan of 34 MD dedicated to financing the sustainable economy.
A Positive Scissor Effect Serving Profitability
In terms of results, UBCI benefits from a favorable scissor effect: banking operating income has increased by 8.9% to reach 305 MD, while banking operating expenses have only risen by 6.9% to 112 MD. This difference in pace between revenue and expenses explains the solid growth of the net banking product and bodes well for continued improving profitability.
Operating Expenses Under Control
Operating expenses have increased by 8.6% over the period. This evolution is mainly due to personnel costs, which have risen by 12.7%, while general operating expenses have shown quasi-stability, with a contained increase of 0.2%. The bank thus demonstrates its ability to invest in its human resources while maintaining strict control over its structural costs.
Strengthened Equity, a Guarantee of Solidity
Finally, UBCI's equity stands at 563 MD as of June 30, 2026, compared to 523 MD a year earlier, representing a 7.6% increase. Combined with the issuance of subordinated loans, this evolution consolidates the bank's financial foundation and its ability to sustainably support the growth of its activity.
Driven by two-digit commercial growth, controlled diversification of resources, and rigorous financial discipline, these results confirm the solidity of the trajectory undertaken by UBCI since the launch of its "Émergence 2029" strategic plan.
