(Ecofin Agency) - Tunisia has taken a syndicated loan of €356 million from a pool of twelve local banks to finance its budget. The loan agreement was signed on March 26, 2019, by the minister of finance Ridha Chalghoum (photo) and the managers of the said banks in the presence of Marouen Abassi, governor f the central bank of Tunisia.  

The syndicated loans whose interest rates fluctuate between 2.25% and 2.5 %, according to the repayment mode, will be refunded within three years.

The banking pool that provided the loan inlcudes Banque internationale arabe de Tunisie (€150 million), Union internationale de banques (€50 million), Banque nationale agricole (€30 million), Banque de l'habitat (€30 million), Attijari Bank (€25 million), Société tunisienne de banque (€20 million), Amen Bank (€20 million), Arab Tunisian Bank (€15 million), Banque de Tunisie  (€7 million), North Africa International Bank (€5 million), Tunis International Bank (€3 million) and Banque de Tunisie et des Emirats (€1 million).