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HomeNewsTunis: Restructuring of state-run banks in June (FinMin)

Tunis: Restructuring of state-run banks in June (FinMin)

”We will start the operation of restructuring of the banking sector in June 2013, said Finance of Minister Ilyes Fakhfakh said Wednesday, May 8 at a press briefing held at the seat of the department.

The Minister said that despite the measures taken including increasing the turnover of public banks and the establishment of independent directors, banks need a restructuring plan to address deficiencies.

“Currently, an audit is being carried out to help us develop an effective restructuring strategy,” he added.

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