Tunisia : UBCI’s operating expenses affected by tax adjustment in Q1, 2019
Thursday, 18 April 2019 13:32
In Tunisia, the operating expenses of Union bancaire pour le commerce et l’industrie (UBCI) reached TND43.4 million on March 31, 2019. On a year to year basis, this represents a 23.67% rise.
The bank explains that this is due to tax adjustment for the 2014-2016 fiscal years. In its 2018 financial report, UBCI indicates that in September 2018, it received a TND17.8 million tax adjustment from the tax administration.
An agreement was reached with the administration in March 2019 for the payment of TND6.5 million.
UBCI also adds that but for the tax adjustment, its operating expenses would have improved by 5.09% at end March 2019.
Its net banking product rose by 14.67% year on year to reach TND61.5 million thanks to interest incomes and commissions.
Chamberline Moko
Live News
-
Guinea-focused Asara Resources adds Matthew Sharples to board
20:54
-
Africa Drives Global Air Freight Growth in March Despite Sharply Slower Expansion
20:37
-
Cameroon taps youth input for new migration policy at Yaoundé forum
20:26
-
ECOWAS ministers endorse draft legal framework to tackle maritime crime
20:03
-
Togo employers, unions sign new interprofessional collective agreement
20:00
-
South Sudan Declines to Renew Oranto’s B3 License After Senegal Precedent
19:12
-
Record Tungsten Prices Put Rwanda Ahead of DRC and on U.S. Supply Radar
18:55
-
Yaoundé Dialogue Reframes Migration as Economic System, Puts Youth at the Centre
19:12
-
Togo plans tighter checks, digital tools to tackle uninsured vehicles
06:02
-
Spiro Partners Yango Operator to Roll Out Electric Motorbikes in Douala
05:56
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Matthew Sharples, who has served as Asara Resources’ managing director for over a year, had not until now been directly involved in board deliberations....
Africa air freight volumes rise 7% in March 2026 Growth slows after strong January-February surge, key routes decelerate Global cargo declines amid...
South Sudan declines to renew Oranto’s oil block B3 contract Audit cites failure on seismic surveys and drilling commitments Block reopened to...
Tungsten prices surpass $3,000/tonne amid supply disruptions, China curbs Rwanda, DRC gain opportunities; Rwanda leads with higher output US...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....