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Arab Banking Corporation, the mandated lead arranger, has been solely mandated to set up and syndicate on behalf of Tunisia’s Banque Nationale Agricole (BNA) a five-year €70 million euro term-loan facility.

Sanpaolo IMI and Depfa Investment Bank, as mandated arrangers, and National Bank of Kuwait as arranger have joined ABC in this financing. The loan has been fully underwritten. General syndication is being launched to regional and international banks.

ABC will act as bookrunner and facility agent.
BNA intervenes in financing various economic sectors and is specialised in financing Tunisia’s agricultural sector to support the government’s economic and social-development policies. It is ranked as Tunisia’s largest bank in terms of its branch network and is the second largest by asset size and capitalisation.

The Republic of Tunisia and state-owned companies own more than 50% of BNA. The balance is held by semi-public companies, private-sector companies and individuals of which none owns more than 5%. The government of Tunisia retains management control of the bank.