FINANCIAL BANKING NEWS
Switzerland Lends Tunisia $30mn
Switzerland has agreed to lend Tunisia SF60mn ($30mn) in mixed credits to finance small-scale industrial and agricultural projects. The loans are divided into two categories: SF21mn ($10.5mn) in interest-free government loans repayable over 25 years, including 10 years grace period; and SF39mn ($19.5mn) in commercial loans from a group of Swiss banks led by Credit Suisse. The current credit package replaces a 1976 one for...