This project finances the expansion of Banque Tunisio-Koweitienne to enable the bank to extend its lending program in local currency to small and medium enterprises in a context where long term local currency financing is limited.
Banque Tuniso-Koweitienne was created in 1981 through an MOU between the Tunisian and Kuwaiti governments, with a goal to finance development projects in Tunisia with a specific focus on tourism projects. In 2004, it received a license to become a universal bank and started taking deposits. In 2008, Groupe BPCE purchased a 60% stake in BTK through its international division, Financière OCEOR, which later became BPCE International et Outre-Mer, while the governments of Tunisia and Kuwait kept a 20% stake each.
Groupe BPCE was formed in 2009 by the merger of the central institutions of the Banques Populaires and of the Caisses d’Epargne. Each network owns 50% of the central BPCE institution, which in turn owns 100% of BPCE IOM. The Group is present through its subsidiaries in Europe, Africa and Asia.
10 Bis, Avenue Mohamed V
Tel: +216 71 204 000
Fax: +216 71 253 182
Attention: Mr. Houssein Mouelhi, Chief Executive Officer
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