VOL. XXXII

NO. 7

21-NOVEMBER-1988

Financial and Banking News

REGIONAL BANKING

Citibank Gets Full Tunisian Banking Licence

Citibank has become the first foreign bank to be granted a full commercialbanking licence in Tunisia since the 1960s, when the banking system wasreorganized. Although offshore banking was introduced in 1976, the country'soffshore banks were limited to dealings abroad and with offshore companies inthe country. At the end of 1985 the authorities first permitted offshore banksto...