Regulatory Alerts2016-01-01
Bank Circular No. 2016-02 of July 1, 2016
The Governor of the Central Bank of Tunisia issued Circular No. 2016-02 on July 1, 2016 to amend credit granting and refinancing procedures under Article 35 bis of Circular No. 87-47. The amendment establishes vehicle loan repayment periods of up to seven years and caps credit amounts at 60% of the acquired vehicle's value. It further adjusts financing ratios to a maximum of 80% for four-horsepower vehicles and 30% for those with nine horsepower or more, effective immediately.
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