Regulatory Alerts2017-07-24
BCT Circular No. 2017-05 to Banks and Financial Institutions dated July 24, 2017
The Governor of the Central Bank of Tunisia issued Circular No. 05 of 2017 to extend the exceptional deferred rent/interest program for institutions active in the tourism sector. Banks and financial institutions are authorized to extend this benefit to loans and interest due within 2017, with repayment commencing as of January 1, 2014, for a three-year period per institution. Compliance requires banks to notify the Central Bank of Tunisia with a detailed list of benefiting institutions according to the prescribed appendix table.
Share