PAGESDEP.qxd 21/01/2001 08:22 Page 3 A.P.B.T BOARD THE TUNISIAN BANKING COMPANY (STB) THE AGRICULTURAL NATIONAL BANK (BNA) THE INTERNATIONAL ARAB BANK OF TUNISIA (BIAT) HOUSING BANK (BH) THE ECONOMIC DEVELOPMENT BANK OF TUNISIA (BDET) TUNISO-QATARI INVESTMENT BANK (BTQI) PAGESDEP.qxd 21/01/2001 08:22 Page 9 1999 ACTIVITY REPORT PAGESDEP.qxd 21/01/2001 08:22 Page 4 A.P.B.T COMMITTEE PRESIDENT : Mr. Ali DEBAYA General Managing Director of STB VICE - PRESIDENTS : Mr. Férid BEN TANFOUS General Managing Director of BNA Mr. Béchir TRABELSI General Managing Director of BDET TREASURER : Mr. Férid BEN TANFOUS CHIEF DELEGATE : Mr. Mohamed Abderraouf BEN GHEZALA PAGESDEP.qxd 21/01/2001 08:22 Page 5 BANK MEMBERS DEPOSIT BANKS !"THE AGRICULTURAL NATIONAL BANK (BNA) !"THE TUNISIAN BANKING COMPANY (STB) !"THE ARAB INTERNATIONAL BANK OF TUNISIA (BIAT) !"THE INTERNATIONAL UNION OF BANKS (U.I.B) !"THE SOUTH BANK (BS) !"TUNISIA BANK (BT) !"HOUSING BANK (BH) !"THE BANKING UNION FOR TRADE AND INDUSTRY (U.B.C.I) !"AMEN BANK !"ARAB TUNISIAN BANK (ATB) !"TUNISIAN-FRENCH BANK (BFT) !"TUNIS ONSHORE CITI BANK BRANCH !"THE TUNISIAN SOLIDARITY BANK (BTS) DEVELOPMENT BANKS !"THE ECONOMIC DEVELOPMENT BANK OF TUNISIA (BDET) !"TUNISO-KUWAITI DEVELOPMENT BANK (BTKD) !"THE NATIONAL TOURISM DEVELOPMENT BANK (BNDT) !"TUNISO-SAOUDI INVESTMENT AND DEVELOPMENT COMPANY (STUSID) !"TUNISO-QATARI INVESTMENT BANK ( BTQI) !"TUNISO- EMIRATES INVESTMENT BANK ( BTEI) ! TUNISO-LYBIAN ARAB BANK OF DEVELOPMENT AND FOREIGN PAGESDEP.qxd 21/01/2001 08:22 Page 7 Tunisia’s Professional Association of Banks TABLE OF CONTENTS 1999 ACTIVITY REPORT 11 TUNISIA’S ECONOMIC SITUATION 28 MONETARY, FINANCIAL AND FOREIGN EXCHANGE SITUATION IN 1999 38 DEPOSIT BANK SITUATION 48 I • Trend in uses II •Trend in resources III • Refinancing IV •The operating of Deposit Banks DEVELOPMENT BANK SITUATION 56 THE BANKING POPULATION 61 APPENDIX 75 DEPOSIT BANK BALANCE SHEETS AND STATEMENTS OF INCOME 76 DEPOSIT BANK NETWORK 106-126 DEVELOPMENT BANK BALANCE SHEETS AND STATEMENTS OF INCOME 128-143 Activity Report 1999 Annual Report 1999 PAGESDEP.qxd 21/01/2001 08:22 Page 9 1999 ACTIVITY REPORT RAPPORT9_corriges.qxd 23/01/2001 06:00 Page 1 Tunisia’s Professional Association of Banks ACTIVITY REPORT 1999 It is my honour to submitt to you the activity report of our Association covering the year 1999.This report recounts the main activities carried out to improve the profession’s contribution in the country’s economic development. The Association’s sphere of activity included its usual activities such as training, statis- tics collection and dissemination etc..., as well as participation in different projects related to banking activity. I- BANK FINANCING OF ECONOMIC DEVELOPMENT: 1999 was marked by enhanced bank financing of economic development. Banks participated more in financing projects creating and expanding enterprises. Approvales, liabilities and cash expenditures evolved positively as follows. TREND IN APPROVALS, LIABILITIES AND CASH EXPENDITURES In thousand TD VARIATIONS END OF PERIOD 1998 1999 1999/1998 DESCRIPTION In thousand TD In % ! Approvals 1 527 162 2 010 005 482 843 31.62 ! Liabilities 1 401 321 1 820 165 418 844 29.89 ! Cash Expenditures 1 225 264 1 523 035 297 771 24.30 Economic performance was much better in 1999 than in 1998, particularly in the sectors of industry, real estate and services as seen in the following tables: Activity Report 1999 Annual Report 1999 11 RAPPORT9_corriges.qxd 23/01/2001 06:00 Page 2 Tunisia’s Professional Association of Banks APPROVALS ( IN PARTICIPATIONS AND LOANS) In thousand TD PERIOD INDUSTRY AGRICULTURE TOURISM REAL ESTATE SERVICES TOTAL year 98 451 343 87 933 327 957 448 607 211 322 1527162 year 99 505 528 81 620 378 674 646 059 398124 2 010 005 VARIATIONS 54 185 - 6 313 50 717 197 452 186 802 482 843 In % 12.01 -7.18 15.46 44.01 88.40 31.62 LIABILITIES In thousand TD PERIOD INDUSTRY AGRICULTURE TOURISM REAL ESTATE SERVICES TOTAL year 98 403 274 80 700 317 894 429 514 169 939 1 401 321 year 99 443 223 77 230 319 815 652 681 327 216 1 820 165 VARIATIONS 39 949 - 3 470 1 921 223 167 157 277 418 844 In % 9.91 - 4.30 0.60 51.96 92.55 29.89 CASH EXPENDITURES In thousand TD PERIOD INDUSTRY AGRICULTURE TOURISM REAL ESTATE SERVICES TOTAL year 98 328 212 72 738 288 005 382 379 153 930 1 225 264 year 99 361 812 72 605 280 448 538 646 269 524 1 523 035 VARIATIONS 33 600 - 133 - 7 557 156 267 115 594 297 771 In %10.24 - 0.18 -2.62 40.87 75.10 24.30 Breakdown of approvals, liabilities and cash expenditures between the two types of banks is as follows: SHARE in % Approvals Liabilities Cash Expenditures 1998 1999 1998 1999 1998 1999 Deposits banks 80.19 86.82 82.16 89.69 78.70 86.94 Development 19.8113.18 17.84 10.31 21.30 13.06 Banks TOTAL 100 100 100 100 100 100 12 Annual Report 1999 Activity Report 1999 RAPPORT9_corriges.qxd 23/01/2001 06:00 Page 3 Tunisia’s Professional Association of Banks II- THE BOARD ACTIVITY : The board activity focused on reviewing several matters of which notably : ! Social negociations; !"Electronic clearing; !"Electronic trade; !"Computer grant to primary schools; !"The sector participation in the capital of the company responsible for managing the server centre of “single bundle” project; !"Tunisie - Télecom participation in monetics company and Electronic-clearing company; !"Work progress for the transition to y2k; !"University loans; !"The association Web Site ; !"Training new system . III- RELATIONS WITH THE PUBLIC AUTHORITY: In the context of its representation activity of the profession,the Association participated actively in elaborating various projects relating to banking activity. Central Bank Of Tunisia : Working in close collaboration with the Central Bank of Tunisia (BCT) ,the association took part in the meetings of: !"The steering Committee “transition to y2k”; !"The sub-committee “Banking Sector and Foreign Exchange” related to the follow up of the social and economic IXth Plan; !"The commitee responsible for liberalising banking services issued from the permanent board in charge of the relations with the European Union. Ministry Of Finance : The co-ordination with the Ministry of Finance was about several aspects notably: Activity Report 1999 Annual Report 1999 13 RAPPORT9_corriges.qxd 23/01/2001 06:00 Page 4 Tunisia’s Professional Association of Banks !"Taking over by the government of bank claims as at 31 december 1997 invol- ving public enterprises with direct or indirect public participations and agri- cultural co-operatives; !"Examining the bill on collective investment bodies and providers of services in portfolio management for third party; !"Consumer loans ; !"“Savings-shares accounts” as well as the draft of decree relating to the condi- tions of opening such accounts; !" The terms and conditions of issue and repayment of Bonds Equivalent to Treasury Bonds and Short-Term Treasury Bonds. The Ministry of Finance is preparing an agreement and an additional clause.The agreement deals with fixing the bank’s participation conditions in the primary market of Bonds Equi- valent to Treasury Bonds (BTA) and Short-Term Treasury Bonds (BTCT). The additional clause which is a complement to the mentioned agreement aims at governing the bank’s intervention on the secondary market of Treasury Bonds. Ministry Of Trade To examine work progress in facilitating foreign trade at the level of activities related to port sector and maritime transport as well as the level of activities related to customs procedures, the Association took part in the meetings of coordination technical committee of Export Development Project. Ministry Of Justice -Participation in the seminar on “legal aspects of no physical exchange of docu- ments of foreign trade operations. In support of modernising foreign trade, Tunisia’s professional Association of banks (APBT) worked with the centre of legal and judicial studies and organi- sed an international seminar on “legal aspects of no physical exchange of documents of foreign trade operations”. This seminar aimed, among other things at preparing legal environment and defining legal and regulatory aspects of single bundle Project. It was an oppor- tunity for bankers and judges to become familiar with concepts like electronic- declaration , electronic forms, documents downloading, WEB sites, field name, 14 Annual Report 1999 Activity Report 1999 RAPPORT9_corriges.qxd 23/01/2001 06:00 Page 5 Tunisia’s Professional Association of Banks authentication and electronic signature, etc The seminar was an opportunity to review: ! Tunisia’s current legislation in that field and particularly the bill on electro- nic signature ; ! The means capable to improve the tunisian legislative environment - Participation in the seminar on “banker’s responsibility” Judges and bankers attended this seminar which offered them the opportuni- ty to consider more carefully, not only current operations but identify also, in the light of judges’ experiences, the different current situations of involve- ment of banker’s responsability and the legal void in that field . Discussed topics were mainly about: !""Responsibility of banker dispenser of loans ; !""Banker’s responsibility in the classical means of payment ; !""Banker’s responsibility in monetics through actual cases ; !""Banker’s penal responsibility ; !""The bank responsibility towards the administration and the central Bank; !""Banker’s responsibility in international trade transactions ; !""Fixing service tariffs and interest rates. Ministry Of International Co-operation And Foreign Investment The Ministry signed agreements with consulting firms and specialised bodies to enhance Tunisia’s competitiveness and strengthen foreign investment pro- motion through: !" Identifying groups of industrial products and services where tunisia has competitive advantages in the euro-mediterranean basin; !Targeting potential institutional investors with a view to contacting them directly and inviting them to invest in Tunisia; !" Encouraging partnership especially in sectors with high value added and capable of favouring technological transfer .