Financial and Banking News

Regional Banking

Tunisia Licenses First Investment Bank

The Tunisian authorities have given a license to a group of investors tofound the country's first investment bank. International Maghreb Merchant Bankwill be capitalized at TD3mn ($2.9mn). It is being formed under a law passed inFebruary which provided for the establishment of investment banks. The localshareholder is the Maghreb Finance Group, which is chaired by Mr. Moncef...