The banking sector in Tunisia has benefitted from a history of relative stability, thanks to a steady hand from the regulator, a focus on banking fundamentals and a comparatively high level of sophistication, particularly in terms of services like leasing. In 2016 several indicators continued to rise, including assets and lending. However,...
As in many countries, and emerging markets in particular, Tunisian small and medium-sized enterprises (SMEs) can struggle to access bank financing. According to International Financial Corporation figures, close to 30% of Tunisian micro-enterprises and SMEs lack any form of access to credit. However, the government is working to improve such...
What is your assessment of the authority given to the central bank by the new banking law?
In June 2016 Tunisia’s Parliament adopted a wide-ranging piece of new financial sector legislation, the New Banking Law No. 2016-48, which went into effect the following month. The law not only brings about a number of sizeable amendments to existing rules and regulations, but also lays out new frameworks for non-banking institutions and...
Tunisia’s economy has been buffeted in previous years by the fallout from factors such as domestic and regional political and security instability, and the slowdown in the eurozone. While a strong economic recovery has yet to materialise, the country’s growth prospects have been ticking upward over the past 12 months and, with a successful...
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