BCP vs. Attijariwafa Bank: a Moroccan duel in Tunisia
In September, Morocco’s Banque centrale populaire (BCP), headed up by Mohamed Karim Mounir, will purchase a 60% interest in Tunisian bank BTK (Banque tuniso-koweïtienne) from French bank Groupe BPCE following talks initiated last autumn. The change in ownership has the potential to remake Tunisia’s banking landscape.
25/10/2019 at 21h21, by Africa Business+
“Moroccan banks are now competing with one another on the international market. BCP came to Tunisia to capture some of Attijariwafa Bank’s market share. We can therefore expect a number of attractive loan offers and the opening of several branches. This is good for the sector”, said Maher Zaanouni, founder of finance advisory firm Cap Invest Partners.
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