PwC inherits the ill-fated TFBank privatisation project from CAP Bank
The consulting firm PwC is to look for a strategic partner for TFBank, the Tunisian bank registered in Paris. This highly sensitive task was initially entrusted to CAP Bank.
The Paris-based, state-owned Tunisian bank is overhauling its management structure and its anti-fraud procedures in an attempt to meet the concerns of France's prudential control authority but still needs to find €19m to comply with legal capital adequacy ratios.
Like the IMF and World Bank before it, the Obama administration fears that the Tunisian banking sector could collapse and has put the Central Bank of Tunisia (CBT) under surveillance.After a four-year gap, the Treasury Department’s Office of Technical Assistance