Finance

Arab Tunisian Lease concludes $6mln loans with EBRD to support local SMEs

Arab Tunisian Lease concludes $6mln loans with EBRD to support local SMEs
Wednesday, 16 December 2020 18:16

The leasing company, Arab Tunisian Lease (ATL Leasing), has again contracted a loan with the European Bank for Reconstruction and Development (EBRD). This time, the company secured a €5 million credit line to improve liquidity and access to financing for many SMEs in difficulty. The partnership agreement was signed between the two parties on December 15, 2020.

The loan granted to ATL Leasing will finance the acquisition of movable and immovable assets. It is granted within the framework of the European Union's assistance program for SMEs in the Southern and Eastern Mediterranean region (SEMED).

In Tunisia, SMEs account for more than half of jobs and 40% of GNP. They are estimated at more than 80,000.

ATL Leasing, whose reference shareholder is Arab Tunisian Bank, is a long-standing partner of the EBRD. The European financial institution has committed itself alongside the Bank to finance SMEs in Tunisia.

"We are pleased to continue our partnership with ATL Leasing. This credit line, which is part of our response to support the Tunisian economy, will facilitate access to financing for small businesses," commented Antoine Sallé de Chou (pictured), EBRD Head of Tunisia.

Chamberline MOKO

On the same topic
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...
Bank exits non-sovereign shareholders to protect multilateral status Move aims to avoid losses in future sovereign debt restructurings Institution...
Awash Bank becomes fourth company listed on Addis exchange Move adds depth to a market launched in 2025 Listing reflects broader financial sector...
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.