UIB Posts Strong First Half of 2026
After a 2025 fiscal year marked by the impact of the decrease in the prime rate and the cost of resources, UIB has shown a solid first half of the year. In the second quarter of 2026, Net Banking Income (NBI) increased by 6.0% year-over-year to 140,701 million Tunisian dinars (Mtnd). The bank was able to stabilize its interest margin, which evolved by 0.9% to 73,054 Mtnd, and improved net commissions (40,201 Mtnd) and portfolio income (27,445 Mtnd).
Key Figures for the First Half of 2026
- NBI increased by 5.7% year-over-year
- Interest margin rose to 146,112 Mtnd, up 2.8% from 142,181 Mtnd in the same period last year
- Adjusted for the impact of the 2024-41 law amending the commerce code, the evolution would be 5%
- In adjusted figures, NBI growth would have been 6.8% compared to June 2025
Cost Management and Operational Efficiency
On the expense side, UIB has demonstrated rigorous management of its cost structure. Total operating expenses only increased by 1.6%, reaching 148,238 Mtnd as of June 30, 2026. Personnel expenses followed the same trend, with a contained increase of 1.6% to 109,133 Mtnd. Thanks to this combined control and revenue growth, the bank's operational efficiency has improved significantly. The operating coefficient stood at 54.3% as of June 30, 2026, compared to 56.4% a year earlier. Adjusted for the regulatory impact related to the commerce code, this coefficient even fell to a very performant level of 51.3%.
Positive Orientation and Results
This positive orientation of efficiency has allowed the Gross Operating Result to increase by +11.1% (+13% in adjusted data) to reach 125,200 Mtnd at the end of the first half of 2026, compared to 112,700 Mtnd as of June 30, 2025.
Commercial Activity
On the commercial front, deposits stood at 7,183,567 Mtnd, while the net credit portfolio totaled 6,497,908 Mtnd. There is a certain stability compared to the end of 2025, reflecting a tight economic context and a strict risk selection policy.
Market Performance
The stock has achieved a return of over 32%, testifying to investor confidence. The published figures already indicate a good semi-annual result.
