International Banking Union (UIB) Launches Call for Applications
The International Banking Union (UIB) has launched a call for applications to designate a representative of minority shareholders to its board of directors. The term of office concerns the years 2026, 2027, and 2028, according to a statement published by the Financial Market Council (CMF).
Eligibility Criteria
To be considered a minority shareholder, individuals must hold no more than 0.5% of the bank's capital. The position is reserved for a physical person who meets strict conditions of honorability, integrity, impartiality, and availability. Among the conditions, the candidate must:
- Enjoy their civil rights and not be subject to any judicial ban on managing companies
- Not be an employee of another bank or one of its subsidiaries
- Not sit on the governance bodies of a listed company operating in the same sector or belonging to the same group as the UIB
- Not be a director, associate, or employee of companies with financial, commercial, or contractual links with the UIB, as well as those of competing companies
Required Skills and Experience
The future administrator must:
- Hold a degree from a prestigious university or a university diploma equivalent to a master's degree, related to finance professions
- Have at least ten years of professional experience in the financial sector
- Demonstrate a proven ability to exercise the functions of an administrator and sufficient understanding of the banking and financial environment
Application Procedure
According to the same source, any incomplete application will be automatically rejected. Candidates can request additional information by email to the address indicated by the UIB. Application files must be sent:
- Under sealed cover, by registered mail, or Rapid Post
- Or deposited directly against discharge at the UIB headquarters, at the Legal Affairs Department, Les Berges du Lac 1 The deadline for receipt is set for Monday, February 2, 2026, at 12:00 PM. The application file must:
- Bear the mention "Lu et approuvé" (Read and approved), accompanied by a legalized signature
- Be addressed to the president of the UIB board of directors with the mention "À ne pas ouvrir – Appel à candidature" (Do not open – Call for applications)
Election Procedure
Within a maximum of 10 days after the closing of the call, minority shareholders will be convened to an elective assembly. The notice of convocation will be published on the CMF and the Tunis Stock Exchange website. The assembly will have only one agenda item: the election of the representative of minority shareholders. The selected candidate will then have to be ratified by the bank's Ordinary General Assembly, which will rule on the financial statements for the year 2025.
