Latest news with #UnionInternationaledeBanques
African Manager
28-03-2025
- Business
- African Manager
Tunisia: UIB announces profit of 85 million dinars and proposes dividend of 0.850 dinars
The Union Internationale de Banques (UIB) announced on Thursday that its Board of Directors, meeting on March 3, 2025, approved the individual and consolidated financial statements of the Bank for the financial year 2024. The individual financial statements show a positive equity of 1 billion dinars, including the profit for the year of 85.7 million dinars, against 126.6 million dinars in 2023, a decrease of about 32%. The Board of Directors will therefore propose to the Annual General Meeting to be held on Wednesday April 30, 2025 the distribution of a total dividend of 29.3 million dinars, corresponding to a dividend of 0.850 dinars per share or investment certificate, the same as last year.
African Manager
08-02-2025
- Business
- African Manager
Tunisia: Société Générale abandons plans to sell its stake in UIB
The Union Internationale de Banques (UIB) announced that during its Board of Directors meeting held on February 7, 2025, Société Générale—which holds a 52.34% stake in UIB—recalled that it had been exploring various strategic options since June 2023, including the possibility of selling its shares in UIB. After carefully assessing market opportunities and conditions, Société Générale has decided, in the current context, to focus its efforts on strengthening UIB's positioning, driving its transformation, and supporting its growth to serve the Tunisian economy, with the backing of its co-shareholders. The Board of Directors was informed that Société Générale will remain attentive to market developments and open to any opportunities that align with its strategic objectives and the interests of UIB and its various stakeholders.
