Best bank
Banque de Tunisie
Banque de Tunisie is, in the words of one independent analyst, ?head, neck, shoulders, arms and body above the rest.?
The bank has been widely seen as having the best corporate banking franchise and is also the strongest, best managed and most profitable bank in the country. Banque de Tunisie?s financial strength is a real advantage.
The collapse in 2002 of one large Tunisian corporate, which eventually led to the fall of several companies dependent on it for business, continues to hurt the weaker capitalized Tunisian banks.
Citigroup and Merrill Lynch led a e450 million seven-year bond deal for Banque Centrale de Tunisie in April 2004 while BNP Paribas led a number of small loan deals for the bank.
However, no bank?s achievement stands out enough to deserve an award for best debt house in the country.