Two French banks are preparing to sell their shares in credit institutions established in Tunisia, said President of the Tunisian Professional Association of Banks and Financial Institutions (APTBEF) Ahmed Karam, without specifying the date or the mechanisms of the transfer operations.
Speaking to TAP on the fringes of a conference organized by APTBEF on the social responsibility of banks and financial institutions, he added that those two banks “want to sell their shares to Tunisian banks.”
This potential sale “is a normal approach, especially as international banks have strategies that target specific goals.”
Tunisia has 42 banks and financial institutions distributed among 23 resident banks, 7 non-resident banks, 8 leasing institutions, 2 factoring companies and 2 merchant banks,
according to the seventh annual report of the Central Bank of Tunisia (BCT) on Banking Supervision 2017.
The 23 resident banks in Tunisia are divided into 18 universal banks, 2 banks specializing in SME financing and 6 banks specializing in financing micro-projects.