Regulatory Alerts2020-06-18
Bank Circular No. 2020-14 of June 18, 2020
The Governor of the Central Bank of Tunisia establishes a dedicated allocation line to refinance rescheduling credits granted by banks to small and medium-sized enterprises affected by the Coronavirus pandemic. The Circular sets eligibility criteria, including a 15 million dinar investment cap and exclusions for specific sectors, while mandating fixed annual interest rates at the central bank's reference rate plus 2% for enterprises and a maximum repayment period of 10 years with up to two years' grace. Banks must comply with monthly reporting, co-financing procedures, statutory audit submissions, and a final refinancing request deadline of January 31, 2021.
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