Arab Today, arab today ebrd bolsters small enterprises in tunisia
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

€10m facility to target business via leasing

EBRD bolsters small enterprises in Tunisia

Arab Today, arab today

Arab Today, arab today EBRD bolsters small enterprises in Tunisia

EBRD President Sir Suma Chakrabarti
Tunis - Arab Today

The EBRD is making its second loan in the Tunisian leasing sector, providing a €10 million facility that will help small enterprises gain access to finance in a market that remains difficult.
The credit to Tunisia’s largest leasing company, Tunisie Leasing, will be delivered in two tranches and €3 million of the total will be supplied by the International Cooperation and Development Fund of Taiwan.
Tunisie Leasing will use the funds to finance leases to micro, small and medium-sized enterprises for the acquisition of goods such as office equipment or commercial vehicles and of real estate.
EBRD support for the leasing market in Tunisia is part of the Bank’s overall drive to support the country’s financial sector and also to reach out to smaller enterprises that find it hard to access capital.
The leasing market provides a useful alternative source of funding to bank loans for smaller companies.
EBRD President Sir Suma Chakrabarti, speaking in Tunis at the signing of the investment, said, “We are very happy to be working with Tunisie Leasing on this important investment that makes sure funding is available to those small firms that are so crucial to the country’s economic development.” “Tunisie Leasing’s strong market position will make sure that we can reach out more remote regions of the country and where access to finance is even more difficult,” he added.
Fethi Mestiri, General Manager of Tunisie Leasing, said that this first operation with the EBRD will increase his company's capacity to finance SMEs and will contribute to the diversification of its funding sources.
The loan to Tunisie Leasing will be in euros but the sub-loans will be provided in Tunisian Dinars, an important element that ensures that the companies taking on the leases are not exposed to any foreign currency risks.
The EBRD has been investing in Tunisia since September 2012, providing financing so far of close to €150 million in over a dozen projects.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebrd bolsters small enterprises in tunisia Arab Today, arab today ebrd bolsters small enterprises in tunisia

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ebrd bolsters small enterprises in tunisia Arab Today, arab today ebrd bolsters small enterprises in tunisia

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday