2024: A Historic Year for Tunisian Post Office
All indicators suggest that the Tunisian Post Office is heading towards a record-breaking savings milestone of over 10 billion dinars by the end of 2024, and possibly even sooner. As of the end of May 2024, the total savings amount stands at 9,726,205 million dinars. Since the beginning of the year, the net collection has reached 432,986 million dinars, a figure that most banks can only dream of. The context is more than favorable, with a savings remuneration rate of 5.6% net.
The institution has successfully diversified its customer base over the past few years, and its innovative approach at reasonable costs has allowed it to attract young people.
The Resurgence of the Postal Bank Question
These figures will undoubtedly raise the question of the Postal Bank. However, before defending such a decision, it is essential to remember certain principles. This bank will be subject to strict regulations, and those who think it will distribute credits at lower rates are dreaming. Profitability will be the legitimate objective to pursue, and it cannot deviate from the market-applied rates for a simple reason: it will be subject to the same refinancing conditions as the Central Bank.
Financing Projects and Investing in the Future
Financing projects in disadvantaged areas or contributing to the relaunch of young people can be achieved through investment vehicles in which the Post Office can inject funds. It has a deep cooperation in this sense with the Caisse des Dépôts et Consignations.
A Golden Opportunity in Life Insurance and Micro-Insurance
We believe there is a significant opportunity in life insurance and micro-insurance. This is a high-potential market where the trust capital enjoyed by the Post Office can help it quickly gain a foothold. By doing so, it can help stimulate the economy while attracting long-term savings. There are avenues to explore without putting a financial institution of such importance at risk.
