Region

Jurisdiction

Regulator

2016-10-05

Circular to Banks No. 2016-05 of October 5, 2016

The Governor of the Central Bank of Tunisia issued Circular No. 2016-05 to revise the credit schedules for cereal crops under Annex I of Circular No. 87-47. The amendment establishes maximum credit ceilings that banks must adjust based on farm size, incurred expenses, and recent yields. It specifies updated intervention rates in Tunisian dinars for dryland and irrigated crops, including durum wheat, soft wheat, legumes, barley, and winter or summer fodder, with maturities set for late August or September.

Tunisia

Banque Centrale de Tunisie

1 Tunis, October 5, 2016 CIRCULAR TO BANKS NO. 2016-05 OBJECT: Revision of the credit schedules for cereal crops.

The Governor of the Central Bank of Tunisia,

Having regard to Law No. 2016-35 of April 25, 2016 establishing the Statutes of the Central Bank of Tunisia;
Having regard to Law No. 2016-48 of July 11, 2016 on banks and financial institutions;
Having regard to Circular No. 87-47 of December 23, 1987 on the procedures for granting, monitoring, and refinancing of credits, as amended by subsequent texts;
Having regard to the opinion of the Compliance Control Committee No. 4-2016 dated October 4, 2016, issued under Article 42 of Law No. 2016-35 and notably its second paragraph regarding circulars with an urgent character.

Decides: Single Article: The provisions of paragraph 'a' concerning the credit schedules for cereal crops set out in Annex I to Circular No. 87-47 of December 23, 1987 (referenced above) on the schedules and maturities of seasonal crop credits are amended as follows:

2 (1) This schedule constitutes a ceiling. The amount of credit disbursed by the bank shall be adjusted according to the size of the farm, the expenses to be incurred, and the yields achieved during recent campaigns.

THE GOVERNOR Chedly Ayari