Best bank: Banque Internationale Arabe de Tunisie
The banking environment in Tunisia worsened last year due to the absence of a financing package to meet the government’s funding needs. This led to Moody’s downgrading four banks in January 2023 because of the sovereign downgrade. The agency changed its outlook on the sector to stable in January 2024.
Banque Internationale Arabe de Tunisie (BIAT) was one of the banks downgraded to Caa2 from Caa1, along with Amen Bank, Banque de Tunisie and Societe Tunisienne de Banque.
Thanks for your interest in Euromoney!
To unlock this article:
