The Tunisian ministry of Finance has launched a call for expressions of interest to recruit new CEOs for its three public banks namely the Société Tunisienne des Banques (STB), the Banque Nationale Agricole (BNA) and the Banque de l’Habitat (BH). The hiring process, we learn, occurs as part of the banking reform and the introduction of a new mode of governance.
According to the terms of reference of this call for expression of interest, those selected will have the assignment of leading and managing the aforementioned banks following the strategic directions defined in the aftermath of the different auditing operations approved by the respective boards of the banks.

The three banks appear to have gone through a sensitive time and are gradually regaining the confidence of investors on the Tunis Stock Market where they are listed. Though Banque de l’Habitat and Banque Nationale Agricole started the 23 July trading day with a slight drop, they have both been on a upward trend since 1^st January 2015.

Banque de l’Habitat registers a potential capital gain of 111% and recent news is positive. Its net income has increased by 14% for the first half of 2015 and the brokerage firm Tunisie Valeurs recommended the purchase of its share, on the basis that as the restructuring progresses, it will strengthen its fundamentals.

Banque Nationale Agricole is following the same trend. Its share value began the 23 July trading day with a slight drop of 0.93% on the BVMT. But its stock performance since 1^st January is rather positive, with a potential capital gain of 87% since 1^st January 2015. In early May, an estimate of the value of its shares in other listed companies showed a deferred capital gain of 424.8 million dinars.
Société Tunisienne des Banques is the only one out of the three for which the shares opened on 23 July 2015 with an increase of 3.4%. A performance achieved on the day following the announcement by the company of an ambitious restructuring plan for the next five years. The project to strengthen its equity capital is also well under way, after obtaining the agreement of the Tunisian Financial Markets Commission to increase its capital to 776.8 million dinars.
The task of the new CEOs selected for these banks would therefore be quite complex, between regaining the confidence of investors and completing the changes in the institutions. Potential candidates have until Friday 14 August 2015 to submit their application.