The Central Bank of Tunisia (BCT) has just published a note to banks on the terms and conditions of the €55 million Italian credit line in favor of small and medium-sized enterprises (SMEs) in the Tunisian private sector.
This note is part of the financial agreement signed on April 17, 2024 between the BCT and Cassa Depositi e Prestiti S.p.A. in accordance with the Memorandum of Understanding between the Government of the Republic of Tunisia and the Government of the Republic of Italy.
The purpose of this credit line is to facilitate access by small and medium-sized Tunisian private sector companies to financing on favorable terms in order to encourage investment and support growth.
The line will be made available to SMEs to finance the acquisition of new productive assets and services relating to equipment of Italian or Tunisian origin, as well as financial restructuring operations for working capital, the rescheduling of bank debt and profit-sharing loans intended exclusively for capital increases.
It also offers SMEs favorable financial conditions, with flexible repayment terms and an annual interest rate capped at 2.5% for loans repayable in euros and 6.5% for loans repayable in Tunisian dinars.
