It all started more than a century ago, in 1880 to be specific, when the Banking Central Company (Société Centrale de Banque) was created, a French institution settling in Tunisia under the name “Credit Foncier d’Algérie et de Tunisie” (CFAT).
CFAT’s headquarters were first based in Algiers and the launch of a subsidiary in Tunis was part of a large movement for the installation of metropolitan credit institutions with the definite goal of progressively removing non-French banks.
After independence, the Tunisian banking system represented an extension of the French banking structure, and was mainly tasked with funding the colonization of the country.
Unlike other banks at that time, CFAT was characterized by its mixed status with no explicit specialization, and based on the structure of its commitments, its credits mainly funded agricultural campaigns in the short term and the acquisition of real estate properties or construction and development works in the long term.
Soon after independence, public powers mobilized to address obvious deficiencies of the Tunisian banking system and to undertake a major reshuffle. As it was primarily made of private banks established according to the French Law, the banking system had to progressively be nationalized, mainly by creating the Tunisian Central Bank in 1958, uncoupling the Tunisian Dinar with regard to the French Franc and the creation of public banks. That was the time of Tunisification and concentration. Of the thirteen banks operating at that time, only six were not modified. They included CFAT which kept its French statute and remained under the control of Algiers.
Creation of the banking central campany
Birth of the CRÉDIT FONCIER ET COMMERCIAL DE TUNISIE CFCT
BGI SA takes control of the CFCT
CFCT introduction in the stock exchange market
CFCT becomes AMEN BANK
New visual identity
The new visual identity of AMEN BANK carries a more modern logo, combining synergy and fidelity to the values which are the very essence of the bank. The retained colors and shapes (the symbolism of the logotype) have a special meaning: Green Green, which is the reference color of AMEN BANK, has always been a symbol of hope; it is also ...