UBCI stock reports 9.7 percent profit growth in H1 2026

UBCI stock (ISIN TN0002100904) posted TND 30.0 million in net profit for the first half of 2026, an increase of 9.7 percent from the same period a year earlier, according to Business News on September 9, 2026. The result gives the Tunisian bank a clear earnings anchor as investors assess its commercial expansion and risk costs.

Income grows faster than profit

UBCI's net banking income reached TND 194.9 million at June 30, 2026, up 10.9 percent year over year. Earnings per share rose to TND 1.501 from TND 1.368 in H1 2025, according to African Manager on September 10, 2026.

The comparison matters because profit growth trailed the increase in banking income by 1.2 percentage points. That spread points investors toward efficiency and credit costs rather than revenue growth alone.

Loans approach the deposit base

Customer loans reached TND 4,032 million and deposits TND 4,271 million in H1 2026, producing a 94.4 percent loans-to-deposits ratio, according to Prime Partners Holdings in its September 2026 research note. The ratio leaves less room for balance-sheet expansion through deposits alone than at banks with a wider funding cushion.

Prime Partners also reported that UBCI's cost-to-income ratio stayed near 65 percent under its H1 definition, while the cost of risk increased. The bank's classified-loan ratio was 5.13 percent, with coverage near 74 percent, making risk-adjusted growth the key operating test.

UBCI stock has a dated market anchor

On September 18, 2026, UBCI stock stood at TND 39.00 on the Tunis Stock Exchange. The latest interim figures show a bank growing its income base, but the 1.2-point gap between net banking income growth and net profit growth keeps operating efficiency central to the investment case.

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