At a Glance
- BIAT and Attijari drive market value as the sector shows improved capital strength.
- Retail networks and expanding corporate finance arms support long-term sector resilience.
- Listed Tunisian banks benefit from stable margins and rising investor confidence.
Tunisia’s banking sector is emerging as one of North Africa’s most stable financial markets, supported by strong retail networks, rising corporate lending, and expanding trade finance operations.
After years of currency pressure and political uncertainty, Tunisia’s listed banks now show stronger profitability, improved capital buffers, and consistent investor returns. Based on market-cap data from the Bourse de Tunis, BIAT, Attijari Bank, Banque de Tunisie, and Amen Bank lead Tunisia’s financial sector.
These banks are central to Tunisia’s credit supply, state-sector restructuring and the nascent push into regional trade finance.
Investors look for stable margins, low non-performing loan ratios and dividend consistency; regulators emphasize liquidity and foreign-exchange resilience as headlines shift from cyclical risks to structural reform.
Data tracked by Shore Africa from the stock exchange of Tunisia called the Bourse des Valeurs Mobilières de Tunis (BVMT), or simply Bourse de Tunis, confirms the rank order and market caps for the listed cohort.
1. BIAT (Banque Internationale Arabe de Tunisie)
Market Cap.: TND4.49 billion ($1.53 billion)
Market cap leader. Founded in 1976, BIAT combines expansive retail reach with corporate banking and strong fee income. It leads in profitability metrics among peers and has pushed digital channels while maintaining an extensive branch network.
2. Attijari Bank
Market Cap.: TND3.33 billion ($1.14 billion)
A top-tier universal bank with Moroccan group ties and robust corporate lending. Attijari has leveraged regional expertise to expand trade finance and treasury services, delivering steady earnings growth and a market-leading commercial banking franchise.
3. Banque de Tunisie
Market Cap.: TND1.8 billion ($614.74 million)
One of the oldest listed banks, BT, focuses on retail and SME lending and pays a reliable dividend. Its balance sheet has shown steady revenue conversion and improving return on equity in recent periods.
4. Amen Bank
Market Cap.: TND1.66 billion ($566.93 million)
A modernising lender with emphasis on retail deposits and digital deployments. Amen has grown through targeted corporate loans and investment banking services, aiming to raise margins and diversify fee income.
5. Union Internationale de Banques (UIB)
Market Cap.: TND846.72 million ($289.17 million)
Regional commercial bank with a strong corporate client base and trade finance capabilities. UIB has positioned itself as a bridge for regional transactions and specialised services for exporters.
6. Banque Nationale Agricole (BNA)
Market Cap.: TND 772.47 million ($263.82 million)
State-linked specialist in agricultural and rural finance. BNA’s mandate supports agribusiness credit and rural development; performance cycles follow commodity seasons and policy programmes.
7. Union Bancaire pour le Commerce et l’Industrie SA (UBCI)
Market Cap.: TND683.65 million ($233.48 million)
Mid-cap lender focused on corporate banking and SME credit, with improving market valuation after cost rationalisation and renewed commercial lending momentum. Union Bancaire Pour Le Commerce et l’Industrie engages in the provision of banking and financial services. The firm also offers private, corporate, and institutional banking solutions; cash management; investment banking; international trade; and financial engineering and services such as credit cards and insurance. The company was founded in December 1961 and is headquartered in Tunis, Tunisia.
8. Société Tunisienne de Banque (STB)
Market Cap.: TND648.14 million ($221.35 million)
Historically large public bank active in corporate restructuring and project financing. STB plays a counter-cyclical role in state-backed projects and has been pivoting toward asset quality repair. Société Tunisienne de Banquet engages in the provision of banking and financial services to individual and corporate clients. It offers Loans, Savings accounts, Debit and credit facilities, Iinvestment solutions, Money transfer and, Foreign currency exchange. It also provides assistance in asset management and financial engineering. The company was founded on January 18, 1957 and is headquartered in Tunis, Tunisia.
9. Arab Tunisian Bank (ATB)
Market Cap.: TND365 million ($124.66 million)
Niche commercial bank blending retail and corporate services; noted for steady deposits and targeted lending products aimed at small enterprises and trade clients.
10. BH Bank
Market Cap.: TND499.32 million ($170.52 million)
BH Bank provides banking and financial services to individual, professional, and corporate clients. It offers savings accounts, credit and debit facilities, checking accounts, time deposits, and loans. The company was founded on May 30, 1989 and is headquartered in Tunis, Tunisia.
