Circular to Banks No. 2026-08 of September 1, 2026 - Honor Loans and Financing

September 1, 2026, Tunis
Circular to Banks No. 8 of 2026
Subject: Honor Loans and Financing

The Governor of the Central Bank of Tunisia, Having taken note of Basic Law No. 2004-63 of July 27, 2004, Regarding the protection of personal data, And in particular Article 41 of the Commercial Code, And of Law No. 2016-35 of April 25, 2016, Regarding the organization of the Central Bank of Tunisia, And of Law No. 2016-48 of July 11, 2016, Regarding banks and financial institutions, And of Decree No. 2023-17 of March 11, 2023, Regarding cybersecurity, And of Order No. 2026-148 of July 23, 2026, Regarding the conditions for granting and criteria for honor financing, And of Circular No. 1987-47 of December 23, 1987 of the Central Bank of Tunisia, Regarding the methods of granting, monitoring, and recovering loans, as amended and supplemented, And of Circular No. 1991-24 of December 17, 1991 of the Central Bank of Tunisia, Regarding the distribution of risks related to commitments and follow-up, as amended and supplemented, And of Circular No. 2006-19 of November 28, 2006 of the Central Bank of Tunisia, Regarding internal control, as amended and supplemented, And of Circular No. 2008-6 of March 10, 2008 of the Central Bank of Tunisia, Regarding the centralization of information, as amended and supplemented,

And of Circular No. 2017-6 of July 31, 2017 of the Central Bank of Tunisia, Regarding the prudential and accounting declaration of the Central Bank of Tunisia, as amended and supplemented, And of Circular No. 8 of 2019 of the Central Bank of Tunisia to Banks and Financial Institutions, Regarding the determination of forms and conditions for Islamic banking operations, dated November 15, 2019, And of Circular No. 2021-5 of August 19, 2021 of the Central Bank of Tunisia, Regarding the framework for the governance of banks and financial institutions, And of Decision No. 2026-8 of August 21, 2026 of the Compliance Monitoring Committee, Which stipulates under Article 42 of Law No. 2016-35 of April 25, 2016, Regarding the organization of the Central Bank of Tunisia,

Has decided the following:

Article 1
This Circular sets out the regulatory conditions and procedures applicable to banks, Subject to the provisions of Order No. 2026-148 of July 23, 2026, Mentioned above, regarding the granting of honor loans and financing.

Article 2
Banks must respect the conditions and criteria specified in Order No. 2026-148 When granting honor loans and financing. Banks are also required to respect the applicable regulations within the banks, Including those related to organizational arrangements for banking activities, Especially governance and control rules, And rules for classification and coverage of commitments.

Article 3
Customers requesting an honor loan or financing are obliged to Submit their application exclusively via the dedicated electronic platform Of each bank, subject to compliance with the legislative and regulatory provisions Regarding the protection of personal data and security requirements. The electronic timestamp on the platform confirms the date and time Of the customer's deposit, and applications are ordered by the priority Of their submission. The date and time of deposit and timestamp of the application are also Taken into account for calculating the decision period, as required By Article 6 of Order No. 2026-148.

The platform must provide a mechanism to ensure that The timestamp of the application deposit reflects the date and time Of the application submitted by the customer in any written form. Any application submitted by the customer through any other means Than the electronic platform is not considered.

Article 4
Banks subject to the provisions of Order No. 2026-148 Must declare to the Central Bank of Tunisia the honor loans and financing Granted to beneficiaries, in kind, at the time of disbursement of the loan or financing, According to the types of financing or loans indicated by the symbols In Annex 1 to this Circular. Banks subject to the provisions of Order No. 2026-148 Must also include a copy of the approval of the loan or financing request Among the documents consulted before the disbursement of the financing, To verify the status of the loan or financing applicant's commitments In the Central Bank of Tunisia information center, To ensure that the beneficiary has not obtained a loan or financing Of the same type in full.

Article 5
In application of the provisions of Article 9 of Order No. 2026-148, Banks must notify the Central Bank of Tunisia monthly, starting from the first Of the following:

• A statement of resources allocated to honor financing lines
  And honor loans, distributed by governorate, as mentioned In Article 1 of Order No. 2026-148, Including amounts drawn and undrawn;
• A statement of all operations recorded on the honor financing line account,
  Including both debtor and creditor sides.
  These statements must be submitted to the Central Bank of Tunisia Through the data exchange system according to the models specified In Annexes 2 and 3 to this Circular, within a maximum period Of fifteen days from the end of the month concerned.

Article 6
Banks subject to these measures must take the necessary special procedures For the definition of the stages of study and decision-making on honor loan and financing applications Via appropriate communication channels.

Article 7
This Circular enters into force as of October 1, 2026.

The Governor,
Fethi Nouri Rezgui

Annex 1 to Circular No. 8 of 2026 dated September 1, 2026
Honor Loans and Financing Type Codes

KFCRED LABEL
260 Short-term honor credit (Decree No. 2026-148) 261 Short-term honor financing (Decree No. 2026-148) 185 Principal defaults on short-term honor credit 3400 Honor credit to individuals (Decree No. 2026-148)

Annex 2 to Circular No. 8 of 2026 dated September 1, 2026
... Year Statement on the volume of honor financing lines resources And honor loans by governorate Drawn and undrawn amounts

... Month ended ... Year
.......
Bank

Honor Loans and Financing Drawn
Small Projects Individuals
)*(
Economic Micro or Small and Medium Enterprises )( Total Eligibility for Loans and Financing

Drawn Amounts
Amount in thousands of Dinars

Undrawn Amounts
Amount in thousands of Dinars

Percentage of Undrawn Amounts
Of Total
Loans and Financing
)(%

Number of Amount in thousands of Dinars

Number of Amount in thousands of Dinars

Number of Amount in thousands of Dinars

Number of Amount in thousands of Dinars

Number of Amount in thousands of Dinars

Share of Governorate
Amounts
% Drawn

1 Governorate
2 Governorate
.....
N Governorate

Total
Governorates

• Small project: A project whose investment volume does not exceed one hundred and fifty thousand dinars, including working capital.
  Micro or Small and Medium Enterprise: An enterprise whose investment volume ranges between one hundred and fifty thousand dinars and one million ten thousand dinars, including working capital.

Annex 3 to Circular No. 8 of 2026 dated September 1, 2026
Statement of Honor Financing Line Account

... Month of ... Year
.......
Bank

1. Account Information
   Date of Ordinary General Meeting of Shareholders Approved Net Accounting Result for ... Year (8% of the Net Accounting Result) Volume of Credits Allocated to the Financing Line Date of Account Opening Date of Credit Allocation to the Account

2. Statement of Operations Recorded on the Account
   As of the end of the month concerned, except for the following indication Amount in thousands of Dinars

(1) Opening Balance of the Account
(2) Withdrawals for the disbursement of Loans and Financing (2) - (1) = (3) Balance of the Account at the end of the current month