6VOL. XLII

No. 38

20-September-1999

TUNISIA

ABC Boosts North African Presence With Onshore Bank In Tunis

In a bid to amplify its presence in the Middle East andNorth Africa and reduce its exposure to Latin America and southeast Asia, ArabBanking Corporation (ABC) will open its first onshore bank in Tunisia in thecoming months. The new operation will take the form of an onshore commercialbank and will offer a wide range of services in Tunisian dinars, complementingABCs existing offshore bank in...