The net banking income (GNP) of the Banking Union for Trade and Industry (UBCI) experienced a slight decline of 1.58% at the end of the first quarter of 2021 compared to the same period of the year 2020, have announced the leaders of this banking establishment based in Tunis.
This GNP stood at 63.460 million dinars against 64.482 million dinars as of March 31, 2020, a decrease of 1.022 million dinars.
For their part, banking operating income fell by 6.98% with an achievement that fell from 92.238 million dinars in the first quarter of 2020 to 85.800 million dinars a year later. In these products, interests are preponderant, standing at 58.394 million dinars against 63.237 million dinars in 2020 (-7.66%). As for product commissions, they increased by 10.53%, standing at 15.918 million dinars while they amounted to 14.401 million dinars as of March 31, 2020.
As far as they are concerned, the income from the securities, commercial and investment portfolio of the bank fell by 21.32% to 11.488 million dinars against 14.600 million dinars a year earlier.
During the period under review, UBCI reduced its banking operating expenses by 19.51%, which fell from 27.756 million dinars on March 31, 2020 to 22.340 million dinars on March 31, 2021.
In terms of operating costs, personnel costs were slightly reduced by 0.40% to 25.578 million dinars. On the other hand, the general operating expenses of the bank saw their level increase by 2.20% to 11.959 million dinars.
As of March 31, 2021, outstanding loans to UBCI customers fell 0.26% with an achievement of 2.508 billion dinars against 2.514 billion dinars a year earlier. At the same time, the bank’s outstanding deposits increased sharply by 15.21% to 2.965 billion dinars against 2.574 billion dinars as of March 31, 2020.