UIB's Q4 2025 Results: A Resilient Performance
The last quarter of 2025 saw a slight decline in UIB's net banking income (PNB) of 1.7%, reaching 134,206 MTND. These figures are resilient considering the significant changes compared to 2024, including a 50 basis point decrease in the key interest rate and the impact of Law 2024-41 amending the Commercial Code. The latter cost the bank 27 MTND over the year, which could have changed the trend of the PNB evolution.
Key Figures
- The PNB decreased by 2.6% to 522,651 MTND. Adjusted for the impact of Law 2024-41, the increase would be 2.5%.
- Net commissions reached 151,498 MTND, while revenue from the commercial and investment securities portfolio stood at 82,319 MTND.
- Operating expenses increased by 5.1% to 283,627 MTND, resulting in an operating coefficient of 54.3% compared to 50.3% the previous year. Excluding the impact of Law 2024-41, the operating coefficient would be 51.6%.
Commercial Activity
UIB's deposits reached 7,240,700 MTND, an increase of 380,733 MTND compared to December 2024, while the net loan portfolio stood at 6,518,678 MTND, up 306,101 MTND from the previous year. Activity was well-supported.
Gross Operating Income
The gross operating income was 239,600 MTND, down 10.3% year-over-year. Taking into account the effects of the Commercial Code amendments, the decline would be 0.1%.
Fundamental Analysis
From a fundamental perspective, UIB has shown a good ability to adapt to the current context. This can be seen as a transition year towards a new operational framework that requires adjustment. The stock was stable during today's session, as the market had largely anticipated these operational performances.
