BCT Circular No. 2017-05 to Banks and Financial Institutions dated July 24, 2017

Tunisia, July 24, 2017
Circular to Banks and Financial Institutions No. 05 of 2017 Subject: Extension of the benefit from exceptional deferred rent/interest to support institutions active in the tourism sector.

Whereas the Governor of the Central Bank of Tunisia, Having reviewed Law No. 35 dated April 12, 2017, establishing the organic statute of the Central Bank of Tunisia, And Law No. 84 dated July 11, 2017, concerning banks and financial institutions, And Circular No. 87 dated December 12, 1969, concerning credit funds and their refinancing as amended by subsequent provisions, And Circular No. 18 dated December 17, 1969, concerning deferred payments and their follow-up as amended by subsequent provisions, And Circular No. 11 dated July 11, 2017, concerning exceptional deferred rent/interest to support institutions active in the tourism sector, And the opinion of the Compliance Committee No. 05 dated July 18, 2017, as stipulated in Article 81 of Law No. 22 of 2017,

Has decided the following:
Article 1: Banks and financial institutions may extend the benefit of the exceptional deferred rent/interest described in Circular No. 11 of 2017, concerning exceptional deferred rent/interest to support institutions active in the tourism sector, excluding those mentioned in its second paragraph, for loans and interest due within 2017, with respect to institutions that previously benefited from the aforementioned circular.
Repayment may commence as of January 1, 2014, for a period of three years per institution.

Article 2: Banks and financial institutions must notify the Central Bank of Tunisia of a list of institutions that benefited from the exceptional deferred rent/interest, according to the table attached in the appendix.

Article 3: This circular takes effect as of its notification date.
The Governor,
Chedly Ayari

Appendix to Circular No. 02 of 2017 dated July 22, 2017, concerning the extension of benefit from exceptional measures to support institutions active in the tourism sector.

Field	Details
Date:	[To be filled]
Bank or Financial Institution:	[To be filled]
Legal Name of Benefiting Institution:	[To be filled]
National ID:	[To be filled]
Classification as of end of December 2017:	[To be filled]
Seniority in Class 2:	[To be filled]
Accumulated savings (Principal):	[To be filled]
Deferred interest:	[To be filled]
Loan type:	[To be filled]
Installments due within 2017 (Principal / Interest)	[To be filled]
Installments approved for deferral (Principal / Interest)	[To be filled]
Interest rate (%)	[To be filled]
Duration	[To be filled]
Loans disbursed	[To be filled]
Medium and long-term loans	[To be filled]
Total	[To be filled]
Signature:	[To be signed]