The Bank of Tunisia and the Emirates (BTE) announced the successful completion of its capital increase, raising a total of 18,744,320 dinars through the issue of 937,216 new shares at a price of 20 dinars per share.
This transaction aims to strengthen its capital base and support its future growth strategy.
Bank of Tunisia and the Emirates has also received CMF approval for this capital increase.
This approval demonstrates the Bank’s compliance with applicable regulatory standards and its commitment to maintaining the highest standards of transparency and corporate governance.
Mrs Feriel Chabrak, Managing Director of BTE, said: “The completion of this capital increase, coupled with the receipt of the CMF visa, reflects the potential of our bank and the commitment of our shareholders to our strategic vision. We appreciate the confidence placed in us by the Tunisian State and the Abu Dhabi Investment Authority.”
She added: “We also thank all the Bank’s employees for their commitment and dedication, which are essential to our continued success, and we look forward to implementing our growth and innovation projects to continue to best serve our customers and partners.”
