International Bank of Tunisia (UIB) Reports Strong H1 Performance Amidst Challenging Regulatory Environment
The International Bank of Tunisia (UIB) has released its interim financial statements, highlighting a notable increase in net profitability, an expansion of its net interest margin, and rigorous management of its balance sheet. These achievements were accomplished within a particularly demanding regulatory and tax environment.
Financial Highlights
For the first six months of the year, the bank reported a net profit of 52.286 million Tunisian Dinars (MDT), representing a 6.6% year-on-year increase.
The ordinary operating result showed even stronger growth, rising by 17.0% to 57.395 MDT. This figure was calculated before absorbing an exceptional charge of 5.109 MDT related to extraordinary items. The majority of this charge (4.245 MDT) consisted of a conjunctural tax paid to the state budget.
Net Banking Income (NBI) Resilience
The Net Banking Income (NBI) stood at 273.783 MDT, marking a 5.9% increase compared to the first half of 2025.
This commercial performance is particularly noteworthy given the direct impact of Article 412 ter of the Commercial Code. This regulation resulted in a direct reduction of 15.800 MDT in customer interest income, affecting 28,098 eligible cases.
The resilience of the NBI can be attributed to a significant contraction in the cost of funds:
- Banking interest expenses decreased by 10.3% to 170.611 MDT, primarily driven by lower costs on customer deposits.
- Market and foreign exchange activities generated gains of 28.059 MDT from the trading portfolio and financial operations.
- Net commissions remained nearly stable at 76.87 MDT.
Risk Management
The net cost of risk on loans, off-balance sheet items, and liabilities decreased by 6.7%, settling at 25.409 MDT.
The portfolio of classified assets remains well-controlled at 759.387 MDT, against total gross commitments of 7,737.934 MDT.
Market Outlook
On the stock exchange, the bank’s share has delivered a strong return since the beginning of the year. The published figures are positive and confirm that the bank is on the right track.
