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HomeNewsTunisia: ADVANS increases its capital to 23 million dinars

Tunisia: ADVANS increases its capital to 23 million dinars

The shareholders of ADVANS Tunisia decided at an extraordinary general meeting held on August 23, 2021, to increase the company’s capital, initially, by an amount of 3 million dinars, to raise it from 20 to 23 million dinars.

The increase will be made through the creation of 300.000 new shares of 10 dinars each fully subscribed and fully paid up at the time of subscription.

ADVANS Tunisia is a microfinance institution subsidiary of ADVANS, a leading international microfinance group established in 2005.

The company has a network of 15 branches in 13 cities of the country. It provides financial services tailored to the needs of entrepreneurs, traders, artisans and their families, as well

as to small and medium-sized Tunisian enterprises in a sustainable and responsible manner.

Microfinance is a key component of the Tunisian economy.

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