At an extraordinary general meeting (EGM) on May 26, 2016, Executive Board members of the “Banque de Tunisie” (BT) have decided to increase the bank’s capital from 150 MTD to 180 MTD through the incorporation of ordinary reserves in the amount of 30 MTD and the issuance of 30 million bonus shares at the rate of one new share for five old shares.
The new shares shall have effect from January 1, 2016.
The bank’s funds, after distribution of the 2015 profits amounted to 628 MTD to December 31, 2015. This level of funds is considered comfortable and easily helps support the bank’s activity. This is what was stated during the EGM.