08 July 2011
TUNIS - The Banque de l'Habitat (BH) did not grant a new credit to the Sousse real estate company --18% of whose shares are owned by Naïma Ben Ali, sister of the deposed President, but transformed a credit already granted, in 2008, into a pre-financing credit. In a communiqué made public on Friday, BH points out that its credit committee gave the green light, on June 3, 2010, to change a mid-term credit into an advance funding loan of 911,000 dinars.
TUNIS - The Banque de l'Habitat (BH) did not grant a new credit to the Sousse real estate company --18% of whose shares are owned by Naïma Ben Ali, sister of the deposed President, but transformed a credit already granted, in 2008, into a pre-financing credit. In a communiqué made public on Friday, BH points out that its credit committee gave the green light, on June 3, 2010, to change a mid-term credit into an advance funding loan of 911,000 dinars.
"That was by no means a new credit or a disbursement, but a simple transformation of a credit which had been already granted in 2008 into a pre-financing credit to carry out the construction project in total respect of procedures and the laws in force," the Banque de l'Habitat's statement says in response to rumours circulated by Tunisian media last July 5-6, that the loan in question was granted to Naïma Ben Ali after the January 14 Revolution.
© Tunis-Afrique Presse 2011
