Tunisia, Libya strengthen financial ties with $43M bank agency
Tunisian women harvest grapes in the wine-producing region of Grombalia as the country looks to branch out into wine tourism. (AFP/ Fethi Belaid)
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The Tunisian-Libyan Bank has launched a new agency with a capital of 100 million Tunisian dinars ($43.4 million) in Monastir, in the framework of partnership between Tunisia and the Libyan Foreign Bank.
Read more: Tunisia Announces New Investment Law
The Tunisian-Libyan Bank network in Tunisia is now made up of 15 agencies employing 250 executives and agents.
A press briefing was held, during which the bank's CEO, Salem Bou Saoud, indicated that the bank relies on the financing of development in Tunisia, starting from the regions, hence the creation of this agency which seeks to sponsor investors for better employability at the regional level.
The staff of the Tunisian-Libyan Bank Monastir currently totals four employees and will be strengthened at a later date, he said.
The governor of Monastir said the new bank will be an asset to boost the economy in the region.
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