Main interest rates

• Debit interest rates applied to any form of financing are freely fixed by banks and negotiated with their customers, except those applied by the Tunisian Solidarity Bank (BTS).
  
  -Currently applied rates are :
  
      min = TMM 
      max = TMM+7 points

cf.  retrospective series of money market monthly average rate (TMM)  

-the rate applied to home  financing by the Housing Bank (BH), for holders of housing savings passbook amounts to  5.75%.

• Credit interest rates are freely set except for the following categories of deposits :
  
  - The interest rate applied to sight accounts and to any deposit or placement in dinar for a period of less than 3 months, is ceiled at 2%,

-  Starting on 1stApril 2008, the rate of remuneration rate for special savings accounts (TRE) open at banks or the postal savings centre (CEP) was freely set. Yet, this rate must not be below the savings remuneration rate (TRE) which  is equal to the money market rate (TMM) of the previous month minus 2 percentage points. This remuneration is automatically adjusted each time the money market average rate varies by at least 1/4 of a percentage point.

cf. retrospective series of savings remuneration rate (TRE)

- Rate applied to deposits in foreign accounts in convertible dinars by Tunisian private individuals living abroad and in special accounts in convertible dinars must be at least equal to TMM of the considered period minus 2 percentage points,

- Rate applied by BH to holders of housing savings passbook is fixed at 4.25%,

• Legal interest rate in civil field which has been fixed since 15 February 1983, is 7%,
  
• Legal interest rate in trade field is equal to the maximum rate of bank overdraft, fixed by the Central Bank of Tunisia, plus half a point. ( Retrospective evolution since 15 February 1983 of maximum rate of bank overdraft ) ,
• Arrears of interest for overdue settlement of public markets is equal to money market monthly average rate (TMM),
  Article 1100 of the contract law
  Article n°87 of decree n°89-442 of 22 April 1989
   
• Weighted average rate (TMP) of short-term Treasury bonds (B.T.C.T.) for the last auctions (in % per year)          

Description	Date of the last  auction	Line	TMP
52 weeks
	06/08/2009	10/08/2010	4.178
	24/09/2009	07/09/2010	4.194
	15/10/2009	12/10/2010	4.200
	26/11/2009	16/11/2010	4.200
	28/01/2010	18/01/2011	4.224
	11/03/2010	01/03/2011	4.220
	14/04/2010	05/04/2011	4.283
	20/05/2010	10/05/2011	4.294
	01/07/2010	14/06/2011	4.365
	05/08/2010	23/08/2011	4.500

• Weighted average rate (TMP) of bonds equivalent to Treasury bonds (B,T,A) for the last auction  (in % per year)

Description	Date of the last auction	Line	TMP
2 years	01/12/2009	August 2011	4.319
4 years	09/07/2010	March 2013	4.501
6 years	04/11/2008	March 2012	5.617
7 years	03/02/2009	October 2013	5.239
	04/05/2010	March 2016	4.762
10 years	04/04/2006	April 2010	5.557
	07/12/2004	April 2014	6.963
	03/01/2007	February 2015	6.619
	04/11/2008	October 2016	6.378
	03/02/2009	July 2017	5.672
	02/12/2008	December 2018	6.428
	03/08/2010	March 2019	5.607
12 years	02/12/2003	July 2014	8.126
	03/08/2010	August 2022	5.606
15 years	03/02/2009	May 2022	6.192

• For transferable Treasury bonds (BTC) and Treasury bonds negotiable on the stock exchange (BTNB) , the last issues are dated October 1999 and December 1997 respectively,