Regulatory Alerts2019-12-18
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Circular of the BCT to Banks and Financial Institutions No. 2019-12 dated December 18, 2019
The Central Bank of Tunisia (BCT) Circular No. 12-2019 allows banks and financial institutions to reschedule principal and interest payments for oil producers and olive oil exporters who experienced repayment difficulties during the 2017/2018 and 2018/2019 campaigns, and to provide them with new financing for the 2019/2020 campaign. It permits banks to maintain the December 2018 classification for eligible companies (classified 0 and 1) that benefit from these debt treatment measures, making both rescheduled and new credits eligible for BCT refinancing. Additionally, banks are required to apply minimum provisioning rates of 35% for oil producers and 30% for olive oil exporters when calculating collective provisions and must report monthly on beneficiaries.
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