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Bank Industry Risk Analysis: Tunisia Jun 98
Standard & Poors, June 1998
Abstract
Although Tunisia has engaged in a gradual liberalization process, public-sector institutions continue to dominate the local banking sector. The state controls the two largest domestic banks-Banque Nationale Agricole (BNA) and Societe Tunisienne de Banque (STB)-which together represent around one-third of the system in terms of assets, branches, and employees. Overall, about 60% of the sector remains under government control. While state ownership provides banks with strong support, it slows down the system's rationalization. With 31 financial institutions, including 12 commercial 'universal' banks, for a population of 9 million, Tunisia is clearly over-banked, but consolidation is slow in coming. The many months of negotiation it took to agree the merger of a second-tier commercial bank and a small development bank recently...
Companies mentioned in this report are: BNP Paribas,Arab Tunisian Bank,Banque du Sud,Banque de l'Habitat,Banque Nationale Agricole,Societe Tunisienne de Banque (Unsolicited Ratings),Union Bancaire pour le Commerce et l'Industrie
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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