Regulatory Alerts2020-03-25
Circular to Banks No. 7 of 2020 – Exceptional Measures to Support Individuals
The Central Bank of Tunisia issued Circular No. 7 of 2020 to require banks and financial agencies to implement exceptional support measures for individuals, including extending loan moratoriums and increasing installments for borrowers with net monthly disposable incomes under 2,500 dinars. The circular mandates that banks adjust their credit-to-deposit ratios by 1% per quarter if they exceed 160%, while ensuring deferred maturities count toward debt aging calculations. Banks must additionally report monthly via the data exchange system the total value of deferred installments and the number of beneficiaries to ensure effective monitoring of these pandemic-related support initiatives.
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