private sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.
Employment
The private sector employs most of the workfo ...
bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
in
Tunisia
Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa. It is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares m ...
.BusinessWeek /ref> It is listed in the
Bourse de Tunis
The ''Bourse des Valeurs Mobilières de Tunis'' (BVMT) or ''Bourse de Tunis'' () is a stock exchange based in Tunis, Tunisia. It was founded in 1969, and currently lists around 50 stocks.
The exchange is under the control of the state-run Finan ...
.
Overview
Amen Bank was founded in 1966, as a result of the independence from the
Crédit Foncier d'Algérie et de Tunisie
The ''Crédit Foncier d'Algérie et de Tunisie'' (, , abbr. CFAT) was a French colonial bank. It was originally founded in 1880 as the ''Crédit Foncier et Agricole d'Algérie'' (CFAA, ), an Algerian affiliate of Crédit Foncier de France, and ...
(CFAT), a local branch of the French banking system Société Centrale de Banque (later known as
Société Générale
Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...
) established as far back as 1880 and headquartered in
Algiers
Algiers is the capital city of Algeria as well as the capital of the Algiers Province; it extends over many Communes of Algeria, communes without having its own separate governing body. With 2,988,145 residents in 2008Census 14 April 2008: Offi ...
,
Algeria
Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Alger ...
. In 1966, it changed its name to Crédit Foncier et Commercial de Tunisie (CFCT). Its first CEO was Ismail Zouiten, yet all its
shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...
s were French citizens. In 1971, it was bought by the Banque Générale d'Investissement, later known as PGI Holding, and opened to Tunisian shareholders as Rachid Ben Yedder became the new CEO. In 1995, it changed its name again to Amen Bank.
In 2009, Amen Bank launched Tunisia's first
online bank
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...
.
In 2015, Amen Bank launched Tunisia's first online
direct bank
A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct ...
. Amen Bank made a request to the
Central Bank of Tunisia
The Central Bank of Tunisia (, , BCT) is the central bank of Tunisia. The bank is in Tunis and its current governor is Marouane Abassi, who replaced Chedly Ayari on 16 February 2018.
History
Tunisia gained independence in 1956. The Central Ban ...
to create a subsidiary specialized in
Islamic banking and finance
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economi ...
.
Its headquarters are in
Tunis
Tunis (, ') is the capital city, capital and largest city of Tunisia. The greater metropolitan area of Tunis, often referred to as "Grand Tunis", has about 2,700,000 inhabitants. , it is the third-largest city in the Maghreb region (after Casabl ...
, Tunisia.
See also
*
List of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Each country in Asia has a list of banks oper ...
*
List of banks in Tunisia
This is a list of commercial banks in Tunisia, as updated late 2024 by the Central Bank of Tunisia.
List of commercial banks
*
* Tunisian Foreign Bank
* North Africa International Bank
* Wifak International Bank (WIB)
* Al Baraka Bank Tunisia, p ...