1.8.1 Legal supervision
Loan establishments must provide the Central Bank with all
documents, information, explanations and justifications necessary to the
control of their situation and proving their compliance with the regulation
governing loan and exchange control and the control of loan establishments.
· Control on documents
· This audit is carried out on the basis of financial and
accounting documents and statistics conveyed periodically by the loan
establishment.
· On site Control : Onsite control is carried out by
missions of overall supervision in
keeping with an annual program set up by the Central Bank of
Tunisia
1.8.2 Internal supervision
Loan establishments and non-resident banks must institute an
internal audit committee in charge notably of:
· Seeing to the setting of appropriate mechanism of
internal control by the establishment.
· Reviewing and giving its opinion about the annual report
including the financial statement of the establishment before their
transmission to social bodies for approval;
· Reviewing any statement of the establishment before its
submission to supervising authorities.
· Examining any investment or operation which is likely
to be harmful to the financial situation of the establishment and conveyed to
it by chartered auditors or external auditors.
· The loan establishments and non-resident banks must
set up an appropriate system of internal supervision which guarantees ongoing
assessment of internal procedures, the determination, the follow up and control
of risks related to loan establishments' activity.
1.9 La société Tunisienne de Banque
(STB)
1.9.1. Definition
Societe Tunisienne de Banque (STB) is a Tunisian commercial
bank. It offers a range
of financial products and services for individuals and
business clients, including current accounts, credit cards and other credit
facilities, investment services, deposit accounts, money transfers and foreign
exchange services, as well as real estate solutions. The bank operates a number
of subsidiaries and affiliate companies in tourism, industry, financial and
property development sectors. Examples of these are the STB Invest, STB
Manager, STB Capitalis, L'Immobilière de l'avenue, Skanes Palace
International..STB has a network of 118 branches and 126 ATMs (Automated Teller
Machine).
1.9.2. Services
Société Tunisienne de Banque, for its traditions
and history, offers its clients a variety
of services eiher for persons or for enterprises and investors.
v' Daily services
They include current accounts, accounts on line, STB SMS, STB
net, STB speed recharge, savings/ deposits and investments, special saving
account, account deposit privileges, home savings plan «Beit»,
Comfort savings plan, Education savings plan »optijeunes».
v' Credits
STB offers for its clients a variety of credits like Direct
Credit and Personal Loans
(real estate loans, cars loans...)
v' Cards
STB offers for its clients a variety of cards like the ,Master
card gold, Visa card, Visa electron card, CIB card ..
International Operations
In addition to local activities and financial operation, STB
has a variety of services
abroad and outside the country to facilitate money transfer like
a special account in foreign currency or convertible dinars, Money-gram ,
transfer to foreign countries ..
v' Enterprises
The services of STB involve not only persons but also it
comprises companies and
enterprises affording a set of services like the current
account, professional account currencies, international trade account, special
accounts in dinars,E-commerce ..
v' Investment: (financing services)
For investors STB has a series of credit financing like the
credit medium term
investment, credit of property development, long term credit
investment tourism.. v' International trade
The service of this bank bypasses persons, enterprises and their
financing credits and operations to have a set of services useful
internationally like the discount shopping on the
mobilization and foreign debt abroad, documentary credits,
discounts documentaries, international bank guarantees, coverage of currency
risk ..
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