Inside the Tunisian Leasing Sector
[The North Africa Journal] The Tunisian leasing sector currently boasts 10 active companies competing for the market. Most of them are bank subsidiaries which have been set up in the 1990’s in a move to take advantage of a nascent activity which is, after all, a familiar activity for a banker and can be easily integrated in the banks’ main business.The total leasing market hovers around 1 billion dinars, which mean that competition in a very fragmented environment remains intense. For comparison purposes, Morocco's leasing market is twice bigger than the Tunisian market, while there are only 6 companies operating in there. Tough competition has obviously weighed on margins, giving way to shrinking margins from an average of 12% in 2006 to 10.7% in 2009. Continue here or subscriber here.