Financial and Banking News
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...