Regulatory Alerts2026-01-29
Circular to Banks and Financial Institutions No. 2026-03 of January 29, 2026
The Central Bank of Tunisia mandates prudent dividend distribution policies for banks and financial institutions regarding their 2025 fiscal year profits, capping distributions at 35% unless solvency and Tier 1 ratios exceed regulatory minimums by specified margins. Prior Central Bank approval is required for entities failing to meet capital adequacy standards or those with qualified audit opinions on their 2025 financial statements. Applications for dividend authorization must be submitted no later than fifteen days before the ordinary general meeting, and this circular takes effect upon publication while excluding payment institutions.
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