Read in
TUNIS, Tunisia — The Central Bank of Tunisia denied in a statement Sept. 6 any intention to reduce funding and loans granted to banks, specifying instead that it seeks to put an end to consumer loans that banks give to borrowers.
The statement comes after the Central Bank announced June 18 that it will issue a circular forcing banks to respect a new credit-deposit ratio not exceeding 110%, given that most banks have already significantly exceeded this ratio. The announcement caused concerns among banks, which pushed the Central Bank to issue the September statement.
