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Fi N a N C I a L St a T I S T I F I N A N C I A L S T A T I S T I C S M E T H O D O L O G I C A L N O T E S METHODOLOGICAL PAGES This bulletin, published quarterly by the Central Bank of Tunisia is, mainly, devoted to financial statistics the major part of which is entirely worked out by the Bank’s departments. In the last pages of the bulletin, general economic statistics of a current use are also published as soon as they become available. I The financial part entitled «Money, loan, exchange and stock market» concerns : 1) The Central Bank of Tunisia Statistics of the Central Bank of Tunisia are worked out on the basis of its ten-day statements. They are presented after reclassifying the various items in the form of monthly sector-related statements and annual, quarterly and monthly retrospective statements. 2) The lending institutions a) Banks - Arab Tunisian Bank (ATB) - Union Bancaire pour le Commerce - Banque Franco Tunisienne (BFT) et l’Industrie (UBCI) - Banque Nationale Agricole (BNA) - Union Internationale de Banques (UIB) - Attijari Bank (ATTIJARI ex BS) - Banque de l’Habitat (BH, ex-CNEL) - Banque de Tunisie (BT) - Banque Tunisienne de Solidarité (BTS) - Amen Bank (AB) - Tunisian Qatar Bank (TQB, ex-BTQI) - Citibank (onshore) - Banque Tuniso-Koweitienne (BTK) - Arab Banking Corporation (ABC onshore) - Banque de Tunisie et des Emirats (BTE) - Banque Internationale Arabe de Tunisie (BIAT) - Banque de financement des petites - Société Tunisienne de Banque (STB) et moyennes entreprises (BFPME) - STUSID BANK - Banque Zitouna (BZ) - Banque Tuniso-Libyenne (BTL) Banking system statistics worked out on the basis of the monthly statements of these banks are presented in the form of monthly sector-related statements and annual and monthly retrospective statements. It should be mentioned that the accounting statements of Citibank, the Banque de l’Habitat (ex-CNEL transformed into deposit bank in June 1989) and the BNDA, a bank which was taken over in June of the same year by the BNT called henceforth BNA, are only posted in banks’ statistics, as of December 1989. Accounting statements of the BTS, operating as of January 1998, are ever then posted in banks’ statistics. Worth of note the coming into operation in March 2005 of a new bank called the Bank for financing small and medium companies (BFPME) ; its accounting statement is included in banks’ statistics since December 2005. The Banque de Développement Economique de Tunisie (BDET) and the Banque Nationale de Développement Touristique (BNDT) are no longer part of development banks, they are henceforth considered banks as of December 2000, month of their takeover by the Société Tunisienne de Banque (STB). In the same way, the Tunisian Qatar Bank (TQB ex – BTQI), the Banque Tuniso- Koweitienne (BTK), the Banque de Tunisie et des Emirats (BTE), the STUSID BANK and the BTL were transformed into universal banks ; the first in April 2004, the second and the third in May 2004, the fourth in April 2005, and the last one in November 2005. As of March 2010, the Tunisian banking system was enriched with the coming into operation of Banque Zitouna, a new bank specialised in Islamic finance. A5 b) Financial institutions • Leasing companies Tunisie-Leasing (TL), UBCI Leasing, the Companie Internationale de Leasing (CIL), the Arab Tunisian Lease (ATL), Amen Lease (AL) in current liquidation since January 2008, Attijari leasing (Attij. L), Modern Leasing (ML), Arab International Lease (AIL), Best Lease (BL), Hannibal lease (HL), and El Wifack Leasing (WL). • Merchant banks The two merchant banks are the International Maghreb Merchant Bank (IMMB) and the Banque d’Affaires de Tunisie (BAT). • Factoring companies Tunisie Factoring and Uni-Factor. 3) Specialised banks or banks with a particular status Offshore banks : Citibank, the Tunisian Foreign Bank (TF Bank - ex. UTB), Tunis International Bank (TIB), Loan and Investment Company (LINC), Al Baraka Bank Tunisia (alBaraka), North African International Bank (NAIB), Alubaf International Bank (ALUBAF) and Arab Banking Corporation (ABC). 4) Debt collection companies Up today, the number of debt collection companies amounts to 13. The Société Tunisienne de Recouvrement des Créances (STRC), The Sud Recouvrement (SR), the Société Financière de Recouvrement des Créances (SOFINREC), EL ISTIFA Company, the Companie Internationale Arabe de Recouvrement (CIAR), the Internationale de Recouvrement des Créances (IRC) and Le Recouvrement, the Société Générale de Recouvrement des Créances, Rapide Recouvrement, the Tuniso-Saoudienne de Recouvrement, the Companie Arabe de Recouvrement, the Tuniso-Qatari de Recouvrement and Tunisie-Recouvrement. 5) A savings collection company : The Postal Savings Centre (CEP ex-CENT) and a Postal Cheque Centre (CCP). 6) Mutual investment companies (OPC) into operation : (43) venture capital investment funds (SICAV), (51) mutual funds investing in securities, (of which (3) guaranteed mutual investment funds and (2) index-related mutual investment fund), (14) capital risk mutual investment fund (FCPR), (2) start-up funds and (2) joint claim funds (FCC). 6 A) Investment Companies : (91) closed-end investment funds (SICAF) and (43) capital risk investment companies (SICAR). 7) The monetary system The monetary system includes, in addition to the Central Bank of Tunisia, banks (cf. relating diagram presented on page A 21) and the Postal Cheque Centre. Retrospective situations of the Central Bank, banks and the Postal Cheque Centre are consolidated to constitute the monetary situations. The latter is followed by a detailed breakdown of each of the three resource counterparts (net claims on abroad, net claims on the State and financing of the economy). A6 8) Resident financial system Resident financial system includes the monetary system, the leasing companies and the Postal Savings Centre (CEP ex-CENT). 9) Global financial system Global financial system includes resident financial system and offshore banks. 10) Loans counted by the Risk Base These loans are monthly transmitted to the risk Base of the Central Bank of Tunisia. The counting includes overall loans given by the global financial system, broken down by branch of economic activity and distributed into short, medium and long term loans and this, up to October 2002. As of November 2002, these statistics concern just professional loans. Non professional loans granted to individuals are put in a separate table. As of January 2007, data in the risk base are published as per a new nomenclature due to a change in the sectoral breakdown of professional loans. This change was led by the coming into operation of the new risk base that adopted Nomenclature of the Tunisian Activities (NAT) established in compliance with the international norms for a better coherence with the other economic and social statistics, notably, the national accounting. Some differences may occur in the follow up of the sectoral evolution of loans due to disparities in classifying by economic activity a number of companies between the former system of codification and the new allocation of activity by the Corporate National Index (Repertoire National d’Entreprises). Historical data are maintained as per the former breakdown of economic branches of activity for pages related to annual statistics. The following table presents approximately the conformity between the former and the new breakdown : A7 TABLE OF CORRESPONDENCE BETWEEN THE NEW AND THE FORMER BREAKDOWN New breakdown Corresponding former branch of economic activity Agriculture, hunting and forestry Direct loans to agriculture (agriculture and fishing) Fish breeding and aquaculture Mining Extractive industries Energy (Oil research and mining) Building materials, ceramics and glass industries (mining and quarry) Energy (oil refining) Agrofood industries Building materials, ceramics and glass industries (Manufacturing) Mechanical and electrical industries Manufacturing industries Chemical industries and rubber Textile Clothing and leather Cork, wood and furniture Paper and publishing industries Electricity, gas and water pro- Energy (Electricity - water - gas) duction and distribution Construction Building and civil engineering Hotel and restaurants Tourism Management and transfer of immovable goods (real estate Real estate, renting and services to promotion) corporates Other services Transport and telecommunications Transport and communication Miscellaneous trade (Industry and trade-related activities) Other services Agricultural and agrofood trade Raw materials, equipment and fuel trade Trade, car repair and household Vehicle machine hardware trade requisites Textile and leather trade Miscellaneous trade Financial activities Other services (Financial and insurance institutions) Public administration Other services (Governmental services) Education Other services Health and social actions Other services Collective, social and personal Miscellaneous trade services Other services Household services Other services Extra-territorial structures Other services Other services Miscellaneous Miscellaneous trade Management and transfer of immovable goods A8 11) Clearing This includes statistics on the number and amount of cheques, bills, transfers and debits handled in electronic clearing and the clearing houses of Tunis. As from the transition to electronic clearing, all transactions are carried out solely in Tunis. Monthly series are obtained through accumulated daily data. 12) Instruments of monetary and credit policy In this framework, the intervention instruments of the Central Bank
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