UBCI Accelerates Growth: Net Banking Income Up 11.1% in First Nine Months of 2026
Tunis, Tunisia – UBCI (Union des Banques en Tunisie) is gaining momentum. As of the end of September 2026, its Net Banking Income (NBI) rose by 11.1% year-over-year, with a particularly strong 13.3% increase in the third quarter alone. Driven by optimized deposit collection and credit growth that significantly outpaces the average of listed banks, UBCI enters the final stretch of the fiscal year on a strengthened footing.
Strong Revenue Growth
As of September 30, 2026, cumulative Net Banking Income reached TND 289.1 million, marking an 11.1% increase and adding TND 28.9 million in additional revenue.
Banking operating income grew by 8.7% to TND 460.4 million, a pace significantly higher than that of banking operating expenses, which rose by only 4.9% to TND 171.3 million. This performance is underpinned by three complementary drivers:
- Interest Margin: Remaining the cornerstone of revenue (accounting for half of NBI), the interest margin stood at TND 144.6 million, up 2.3%.
- Net Commissions: These increased by 10.6% to TND 50.1 million, reflecting intensified client relationships and the expansion of service offerings.
- Securities Portfolio Income: Revenues from the securities portfolio surged by 28.2% to TND 94.4 million.
Cost Discipline Yields Results
Operating expenses totaled TND 190.6 million, increasing by just 4.9%—a rate more than twice slower than revenue growth.
While personnel costs rose by 8.1%, reflecting UBCI’s continued investment in its human capital, this increase was partially offset by a 1.7% decrease in general operating expenses. This dynamic resulted in a positive scissors effect of 6.2 points, signaling enhanced operational efficiency.
Sustained Commercial Momentum
Client deposits reached TND 4,300.5 million, an 8.6% year-over-year increase, equating to TND 340 million in additional resources.
- Demand Deposits: Up 9.1%.
- Savings Deposits: Up 9.0%.
Together, these two categories represent 80.3% of total deposits, underscoring renewed client confidence.
Net client credit balances increased by 5.9% to TND 3,864.1 million over the past year, and by 9.9% since the start of the fiscal year. This growth trajectory significantly outperforms the weighted average of listed banks (which stood at 2.1% as of September 2026), illustrating UBCI’s strong commitment to supporting its clients.
Diversified Long-Term Funding from Development Partners
To extend the maturity of its funding sources, the bank secured two special resource lines totaling TND 95 million from development partners. These funds are dedicated to SME financing and sustainable finance.
Combined with two subordinated loans issued in 2025 for TND 120 million—which further strengthen its regulatory capital—total loans and special resources reached TND 263.3 million, nearly six times the level of one year ago.
Excluding the period’s profit, equity capital grew by 7.6% to TND 563.3 million.
Conclusion
Over the first nine months, UBCI has reaffirmed the robustness of its business model and the trust placed in it by its clients. The bank continues to execute its strategic plan and remains committed to financing the Tunisian economy.
