Two other private Tunisian banks have reported disappointing results. On 30 January, privately-owned Banque de Tunisie (BT)announced a marginal four per cent rise in profits to TD 30 million ($23.3 million), and on 31 January, Tunisian-French Union Bancaire pour le Commerce et l'Industrie (UBCI), announced a 59 per cent fall in profits to TD 7.5 million ($5.8 million). Average profits for Tunisia's ten biggest banks fell 8.3 per cent in the first half of 2002, and the decline was expected to worsen for the full year.
You might also like...
Saudi Arabia's Roshn launches Aldanah Dhahran project
25 April 2024
Adnoc sees project spending uptick
25 April 2024
Partanna and Saudi firm tests carbon negative concrete
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.