Finance

Banks in Tunisia expected to lose $211mln over the moratorium on personal loan payment

Banks in Tunisia expected to lose $211mln over the moratorium on personal loan payment
Thursday, 04 June 2020 13:05

The Arab Financial Consultants revealed in a study issued June 2 that the 3-month moratorium granted on the payment of personal loans in Tunisia could drop banks’ revenue by TND595.3 million (about $211 million).

The maturity period postponement measure was decided by the Tunisian Central Bank in April 2020 to mitigate the economic impact of covid-19 on the population. The $211 million shortfall was calculated based on an estimate of credits granted by banks to individuals in 2019, (housing credit, development credit, vehicle credit, consumer credit excluding overdrafts, overdrafts).

By collecting data on the 2019 outstanding loans of Tunisian banks listed on the stock exchange, Arab Financial Consultants give indications on the banking institutions that will be most affected. The International Arab Bank of Tunisia (BIAT), whose outstanding loans to individuals reached TND10.3 billion in 2019, representing 28% of its total commitments, could suffer a shortfall of TND75 million on its net banking income.

The National Agricultural Bank (BNA), whose outstanding loans to individuals in 2019 were up to TND10.4 billion, with a proportion of loans to individuals representing 20% of its total commitments, will suffer a shortfall of about TND55 million.

Some banks, whose personal loans were less important during the year 2019 could be less affected by this situation, AFC said.

Chamberline Moko

On the same topic
Africa Re reports net profit of $199 million in 2025, up 50.62% year-on-year. Investment income reaches record $114 million while FX losses...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchise. Transaction may alter Servair Abidjan revenue...
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Togo holds talks with IMF and World Bank during Washington meetings Focus on tools to manage crises and protect vulnerable...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
04

BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...

BOAD exits BOA Bénin and Niger, Sonimex takes stakes as performance diverges
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.