Regulatory Alerts2022-08-09
Circular to Banks and Financial Institutions No. 2022-06 of August 9, 2022 - State Guarantee for MSME Investment Loan Interest Rate Differential
The Central Bank of Tunisia issued Circular No. 2022-06 to establish the conditions and disbursement procedures for a state guarantee covering the differential between applied margins on MSME investment loans and financing and interbank market interest rates. The circular mandates that banks and financial institutions submit detailed applications, supporting documents, and quarterly withdrawal requests to access funds from a dedicated central bank account for loans granted between January 2019 and December 2022, provided the applied margin does not exceed 3.5%. It further requires continuous reporting, annual auditor verification, and compliance monitoring to ensure timely disbursement of guaranteed amounts upon installment repayment, while repealing the previous 2020 circular.