Done: Details of commitments from the bank to the clan Ben Ali in Tunisia.
Analysis: According to press economic commitments of the Tunisian subsidiary of Attijariwafa bank toward the relatives of BEN ALI amounted to TND 319 million (ZAR 1.8 billion) of which 200 million TND (MAD 1.2 billion) to finance the acquisition of 25% of telecom operator by Mr TUNISIANA Sakher Materi.
As such, the Tunisian bank said that this operation was mounted by the standards governing project finance and has pledges of shares Tunisiana. Moreover, the bank added that during periodic reviews of its risks, she proceeded to decommission old business-related credits belonging to these groups. These credits are for a total of 4807 million TND (MAD 27.8 billion), including 4284 million TND (MAD 24.8 billion) were funded.
Conclusion: With this announcement, the Tunisian subsidiary of Attijariwafa bank intends to reassure its shareholders as its customers on the limited impact of the revolution of jasmine on the level of its exposure.
Analysis: According to press economic commitments of the Tunisian subsidiary of Attijariwafa bank toward the relatives of BEN ALI amounted to TND 319 million (ZAR 1.8 billion) of which 200 million TND (MAD 1.2 billion) to finance the acquisition of 25% of telecom operator by Mr TUNISIANA Sakher Materi.
As such, the Tunisian bank said that this operation was mounted by the standards governing project finance and has pledges of shares Tunisiana. Moreover, the bank added that during periodic reviews of its risks, she proceeded to decommission old business-related credits belonging to these groups. These credits are for a total of 4807 million TND (MAD 27.8 billion), including 4284 million TND (MAD 24.8 billion) were funded.
Conclusion: With this announcement, the Tunisian subsidiary of Attijariwafa bank intends to reassure its shareholders as its customers on the limited impact of the revolution of jasmine on the level of its exposure.
BMCE Capital Bourse
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