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Banking In Tunisia
Banking in Tunisia is a service industry comprising 23 domestic banks of which, are three state owned banks. History Tunisia was among the first to introduce financial reforms in the Middle East and North Africa (MENA) region. The financial sector of the country was tightly controlled through the mid-1980s. Since then, it has undergone three decades of gradual but insufficient reforms. State-owned commercial banks dominate the banking system and account for more than half of market share, which implies state control of the banking sector and is a negative for economic growth. After the fall of Ben Ali regime, the bank sector owned by his close family has been seized by the central bank. Tunisian banks have a relatively high non-performing loan (NPL) to total loans ratio. The average NPL to total loan ratio for the period 2005-2008 was 18.3%, slightly lower than Egypt's 19.7% but significantly higher than that of Jordan (4.8%), Lebanon (11.9%), and Morocco (10.1%). By 2009, Tunisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Service Industry
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of services instead of end products. Services (also known as " intangible goods") include attention, advice, access, experience and affective labor. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Tunisia
This is a list of commercial banks in Tunisia # Banque Al-Baraka # Arab Tunisian Bank (ATB) # Banque Franco Tunisienne (BFT) # Banque Nationale Agricole (BNA) # Attijari Bank # Banque de Tunisie (BT) # Amen Bank (AB) # Banque Internationale Arabe de Tunisie (BIAT) # Société Tunisienne de Banque (STB) # Union de Bancaire pour le Commerce et l’Industrie (UBCI) # (UIB) # Banque de l'Habitat (BH) # Citibank # Banque Tunisienne de Solidarite (BTS) # Arab Banking Corporation (ABC) and its subsidiary: ABC Tunisie # Tunisian Qatari Bank (TQB) # Banque de Tunisie et des Emirats (BTE) # Banque Tuniso-Koweitienne (BTK) # Banque de Financement des Petites et Moyennes Enterprises (BFPME) # Banque Tuniso-Libyenne (BTL) # Stusid Bank (STUSID) # Banque Zitouna (ZITOUNA) # Al Wifak Bank (WIFAK) See also * List of banks in Africa * List of banks in the Arab world * Central Bank of Tunisia * Economy of Tunisia * List of companies based in Tunisia References External link ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MENA
MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as Western Asia (or as "Southwestern Asia" in the case of "SWANA") and is a way to refer to the geography instead of the political term. As a regional identifier, ''MENA'' is often used in education in the Middle East and North Africa, academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, the region shares a number of cultural, economic, and environmental similarities across its comprising countries; for example, Climate change in the Middle East and North Africa, some of the most extreme impacts of climate change will be felt in MENA. Some terms have a wider definition than MENA, such as MENASA, MENAP or Greater Middle East, which extends to South Asia to include the countries of Afghanistan an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tunisian Revolution
The Tunisian Revolution, also called the Jasmine Revolution, was an intensive 28-day campaign of civil resistance. It included a series of street demonstrations which took place in Tunisia, and led to the ousting of longtime president Zine El Abidine Ben Ali in January 2011. It eventually led to a thorough democratisation of the country and to free and democratic elections. The demonstrations were caused by high unemployment, food inflation, corruption, a lack of political freedoms (such as freedom of speech) and poor living conditions. The protests constituted the most dramatic wave of social and political unrest in Tunisia in three decades and resulted in scores of deaths and injuries, most of which were the result of action by police and security forces. The protests were sparked by the self-immolation of Mohamed Bouazizi on 17 December 2010. They led to the ousting of Ben Ali on 14 January 2011, when he officially resigned after fleeing to Saudi Arabia, ending his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Tunisia
The Central Bank of Tunisia ( ar, البنك المركزي التونسي, french: link=, Banque Centrale de Tunisie, BCT) is the central bank of Tunisia. The bank is in Tunis and its current governor is Marouane Abassi, who replaced Chedly Ayari on 16 February 2018. History Tunisia gained independence in 1956. The Central Bank of Tunisia was formed two years later in 1958. In December 1958 the newly created Tunisian dinar was disconnected from the French franc. The bank maintains a Money Museum which includes a collection of recovered Carthaginian coins. Tunisia had a historically low inflation. The Tunisian Dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco. Inflation was 4.9% in fiscal year 2007–08 and 3.5% in fiscal year 2008–09. Operations The BCT has 12 branch banks. Governors Since its foundation, the following governors have succeeded at the head of the institution: * 30 septembre 1958 – 9 novembre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth (although this theory is disputed). In the European Union, the management of the NPLs resulting of the global financial crisis of 2008 has become a politically sensitive topic, culminating in 2017 with the decision by the Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad bank). In December 2020, this action plan was revised in the wake of the Covid19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jasmine Revolution In Tunisia
The Tunisian Revolution, also called the Jasmine Revolution, was an intensive 28-day campaign of civil resistance. It included a series of street demonstration (protest), demonstrations which took place in Tunisia, and led to the ousting of longtime president Zine El Abidine Ben Ali in January 2011. It eventually led to a thorough democratisation of the country and to free and democratic elections. The demonstrations were caused by high unemployment, food inflation, corruption, a lack of political freedoms (such as freedom of speech) and poor living conditions. The protests constituted the most dramatic wave of social and political unrest in Tunisia in three decades and resulted in scores of deaths and injuries, most of which were the result of action by police and security forces. The protests were sparked by the self-immolation of Mohamed Bouazizi on 17 December 2010. They led to the ousting of Ben Ali on 14 January 2011, when he officially resigned after fleeing to Sau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resource Curse
The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse economic development, development outcomes than countries with fewer natural resources. There are many theories and much academic debate about the reasons for, and exceptions to, these adverse outcomes. Most experts believe the resource curse is not universal or inevitable, but affects certain types of countries or regions under certain conditions. Thesis As far back as 1711 ''The Spectator (1711), The Spectator'' wrote "It is generally observed, that in countries of the greatest plenty there is the poorest living". The idea that resources might be more of an economic curse than a blessing emerged in debates in the 1950s and 1960s about the economic problems of low and middle-income countries. In 1993 Richard Auty first used the term ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zine El-Abidine Ben Ali
A zine ( ; short for ''magazine'' or ''fanzine'') is a small-circulation self-published work of original or appropriated texts and images, usually reproduced via a copy machine. Zines are the product of either a single person or of a very small group, and are popularly photocopied into physical prints for circulation. A fanzine (blend of '' fan'' and ''magazine'') is a non-professional and non-official publication produced by enthusiasts of a particular cultural phenomenon (such as a literary or musical genre) for the pleasure of others who share their interest. The term was coined in an October 1940 science fiction fanzine by Russ Chauvenet and popularized within science fiction fandom, entering the Oxford English Dictionary in 1949. Popularly defined within a circulation of 1,000 or fewer copies, in practice many zines are produced in editions of fewer than 100. Among the various intentions for creation and publication are developing one's identity, sharing a niche skill or a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Tunisienne De Banque
Société Tunisienne de Banque is a state-controlled bank in Tunisia. It has 124,300 million Tunisian dinar, dinars in assets.Official website, Overview The participation in the bank's capital is as follows: public and semi-public sector (52.5%), private sector (36.2%) and foreign actors (11.3%). Overview Société Tunisienne de Banque was founded in 1958. It is headquartered inTunis
''Tounsi'' french: Tunisois
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Banque De L'Habitat
BH Bank (formerly Banque de l'habitat) is a state-controlled bank in Tunisia. It is listed in the Bourse de Tunis. The BH headquarters is 75m and 16 floors it was built between 2003 and 2010 The building is one of the Tallest buildings in Tunisia. Overview Banque de l'Habitat was founded in 1973 and is headquartered in Tunis, Tunisia. It has 90 million dinars in assets, mostly in real estate.Official website The Bank owns and manages a Tunisian women's football team called the . The club has won the Tunisian Women's Championship
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