The outstanding loans to the economy saw a 7.6% uptick in 2022, compared to 5.6% the previous year, as reported by the Central Bank of Tunisia (BCT) in its annual report on Banking Supervision for the 2022 fiscal year, released on Friday. According to the BCT, this upward trend was propelled by an 8.8% rise in loans to professionals, compared to 6.1% the previous year, coupled with a boost in loans to individuals. Loans to private professionals also saw an uptick of 8.7%, compared to 4.5% in 2021. As for loans granted to individuals, they recorded a 4.3% increase, compared to 4.1% in 2021, a level well below the nominal GDP growth rate, according to the BCT. This sluggish dynamic affected housing loans (+4% compared to +2.8% in 2021) and consumer loans (+4.6% compared to +5.3% in 2021).

Source: The North Africa Journal December 24, 2023 07:02 UTC