EBRD and Attijari bank Tunisia support local pharmaceutical sector
May 18, 2022
The EuropeanBankforReconstructionandDevelopment (EBRD) is facilitating access to finance for TunisianLaboratoires Teriak S.A. through a risk-sharing facility with AttijaribankTunisia.
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.