Regulatory Alerts2023-01-11
Circular to Banks No. 2023-01 of January 11, 2023
The Governor of the Central Bank of Tunisia issued Circular No. 2023-01 to amend Article 36 of the prevailing banking regulations, mandating a fixed annual savings remuneration rate of 7%. This directive replaces the prior provisions of Circular No. 91-22 and standardizes interest calculations for all licensed banks and financial establishments. The updated framework takes effect as of January 2, 2023, following the Board's December 2022 deliberations and formal compliance review.
Tunis, January 11, 2023 CIRCULAR TO BANKS NO. 2023-01 Subject: Regulation of banking conditions.
The Governor of the Central Bank of Tunisia, Having regard to Law No. 2016-35 of April 25, 2016, establishing the status of the Central Bank of Tunisia, Having regard to Law No. 2016-48 of July 11, 2016, concerning banks and financial institutions, Having regard to Circular to Banks No. 86-42 of December 1, 1986, concerning the regulation of banking conditions, as amended by subsequent texts and notably its Article 8, Having regard to Circular to Banks No. 91-22 of December 17, 1991, concerning the regulation of banking conditions, as amended and supplemented by subsequent texts and notably its Article 36, Having regard to the deliberations of the Board of Directors of the Central Bank of Tunisia dated December 30, 2022, Having regard to the opinion of the Compliance Control Committee No. 2023-01 of January 10, 2023, as provided for by Article 42 of Law No. 2016-35 of April 25, 2016 establishing the status of the Central Bank of Tunisia.
Decides: Article 1 - The provisions of the first paragraph of Article 36 of the aforementioned Circular No. 91-22 of December 17, 1991 are repealed and replaced as follows:
Article 36 (new first paragraph) - The savings remuneration rate (TRE) is set at an annual rate of 7%. Article 2 - This circular enters into force as of January 2, 2023. The Governor, Marouane EL ABASSI 2