A long-term loan allocated by Proparco is allowing the Union Bancaire pour le Commerce et l’Industrie (UBCI) to support the private sector in Tunisia – especially by financing SME investments and equipment.
Union Bancaire pour le Commerce et l'Industrie, a subsidiary of BNP Paribas Group, has been operating in Tunisia since 1961. It stands out from its peers through the size of its corporate loan portfolio (67% of loans are allocated to companies).
UBCI's aim, in the context of its strategic development plan, is to increase its corporate activity. To do so, the bank has requested a long-term loan from Proparco, which will contribute to financing the investments and equipment of Tunisian companies.
The project will contribute to supporting Tunisia's economy and SME development. It will promote the stability and development of the financial sector, in a context of strong liquidity constraints. Finally, the project will support an institution actively involved in social and environmental issues. Indeed, UBCI finances the health and social protection sector and is actively involved in financing Tunisia's energy transition.