EBRD and Attijari bank Tunisia support local pharmaceutical sector

May 18, 2022
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The European Bank for Reconstruction and Development (EBRD) is facilitating access to finance for Tunisian Laboratoires Teriak S.A. through a risk-sharing facility with Attijari bank Tunisia.

The collaboration underscores the EBRD and Attijari bank Tunisia’s commitment to supporting Tunisian companies through the partnership they established in 2020. It also reaffirms the importance of companies to Attijari bank Tunisia’s development strategy.

Under the EBRD’s Risk Sharing Framework (RSF), Attijari bank Tunisia will lend TND 5 million to Teriak to acquire new machinery and equipment and to undertake maintenance work at its Jebel Ouest facility. The funding will complement investment by the manufacturer, leading to a modernisation of production processes and enhanced productivity.

Teriak will also increase its energy and resource efficiency by renovating its wastewater treatment unit and steam boiler, and by installing an automated energy management system at Jebel Ouest.

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Countries covered:

  • Tunisia