The Tunisian-Kuwaiti bank is supporting the development of SMEs in Tunisia. PROPARCO’s support is allowing it to diversify its financing sources, improve its banking services, and continue to finance the private sector.
Client presentation
BTK was a development bank when it was set up. It obtained the status of universal bank in 2004 and was privatized in 2008. It is 60%-owned by BPCE International Group, 20% by the State of Kuwait and 20% by the Tunisian State. It is the country’s 11th largest bank with a market share of 2.2% for loans and 1.9% for deposits. BTK is very active in the SME segment, which accounts for 53% of its outstanding loans.
Project description
Proparco’s credit line will support the development of BTK’s activity with SMEs and companies with incomes in USD.
Project impact
This operation will increase the local capacity to finance the local economic base. It will specifically support the development of SMEs in Tunisia, which are sources of employment and an engine for the country’s development. It will also contribute to improving access to financial services. Furthermore, this operation will contribute to diversifying BTK’s financing sources.
10/21/2015
Date of signature of the project
Sectors
Tunisia
Location
Financing tool
20 000 000
Euros
Amount of funding
Loan of EUR 20 M
BANQUE TUNISO-KOWEITIENNE
PTN1115
CES
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on the same region
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on the same topic
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on the same financial tool
