Launch of the Rating and Monitoring Platform for Large and Risky Commitments
The Banking and Financial Council (CBF) recently organized a kick-off meeting in the presence of general managers of banks and financial institutions, as well as risk, commitment, and credit managers, to mark the launch of the rating and monitoring platform for large and risky commitments.
A 30-Month Program
This kick-off crowns a 30-month program, which began in April 2021, under the aegis of the CBF in partnership with the national rating agency PBR Rating. The program aims to support the Tunisian financial sector in preventing and detecting risky commitments and monitoring them closely, based on the strategic choices of each institution.
Achievements
The program has allowed financial institutions to comply with regulations and rate companies with commitments to the Tunisian financial system exceeding 25 million dinars. This is a success for Tunisia, the financial sector, and the national economy, with over 2.5 billion dinars in rated assets, corresponding to 63 ratings and reports, and more than 21 files being processed in the short term.
Importance of Rating
Rating, as provided for by the applicable prudential regulation, enables banks and financial institutions to have better visibility into the stability and sustainability of their corporate clients. In addition to the internal scoring process, external rating missions provide the banking and financial sector with better risk management, consolidation of risk indicators, sectoral risk mapping, and greater visibility into the economic and financial environment.
Benefits for Clients
Rating reports provide bank and financial institution clients with a complete rating diagnosis, solvency, and financial situation quality, as well as their real debt and repayment capacities. This benefits them with evolving support for operational efficiency and financial management monitoring.
Program Deployment
The reinforcement and deployment of this program, on a larger scale, aims to ensure the reliability of current and potential operations, for the security of the financial system and the prevention of systemic risks it faces.
New Phase of the Program
The implementation of this new phase of the program, through the sharing of the rating and monitoring platform for large commitments under the aegis of the CBF, aims to centralize ratings and reports related to the sector's large commitments in an updated database, for the benefit of all CBF members.
About the Banking and Financial Council
The CBF is a professional organization that brings together banks and financial institutions. Currently, the CBF has 22 universal banks, 2 business banks, 3 offshore banks, 8 leasing establishments, 2 factoring companies, and 5 payment institutions.
About PBR Rating
The PBR Rating financial rating agency was inaugurated in May 2018 by the Minister of Finance. Its purpose is to deploy and disseminate financial and non-financial rating solutions, as well as publish economic studies and research, contributing to the transparency and efficiency of financial information for all economic players, national or international, on the Tunisian market.
