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HomeNewsTunisia: EIB, BH sign $140 million credit facility to boost business financing

Tunisia: EIB, BH sign $140 million credit facility to boost business financing

The European Investment Bank (EIB) and “Banque de l’Habitat” (BH), on Wednesday, signed a new line of credit meant to strengthen access to bank financing for Tunisian companies, thus supporting more than 250 small and medium-sized enterprises (SMEs) and more than 1,600 jobs in Tunisia.

The €120 million financing contract was signed by Mr. Ahmed Rjiba, General Manager of the “Banque de l’Habitat” (BH) and Ms. Flavia Palanza, Director of Loan Operations in Tunisia.

Granted on advantageous conditions in terms of maturity and rate, this financing will be able to significantly improve the loan conditions of project leaders while helping to consolidate the banking sector by diversifying funding sources and reducing costs.

It is aimed primarily at SMEs but also at small and very small businesses that offer value and job creation.

Civil society is also called upon to play an important role in this financing agreement for greater effectiveness of action both in terms of raising awareness and supporting the companies financed.

This new line of credit will focus on the financing of projects in various industrial and service sectors including Information and Communication Technologies (ICT), public and private health, pharmaceutical industry, education, cultural activities, agribusiness, not to mention the energy transition sector with renewable energies and energy efficiency.

Particular attention will be paid to export and access to new external markets.

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