Banque Internationale Arabe de Tunisie (BIAT) is the largest private sector

Private sector

In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...

 bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 in Tunisia

Tunisia

Tunisia , officially the Tunisian RepublicThe long name of Tunisia in other languages used in the country is: , is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area...

. It is listed in the Bourse de Tunis

Bourse de Tunis

The Bourse des Valeurs Mobilières de Tunis or Bourse de Tunis is a stock exchange based in Tunis, Tunisia. It was founded in 1969, and currently lists around 50 stocks....

.

Overview

The Banque Internationale Arabe de Tunisie was founded in 1976, as a result of a merger of the Tunisian branches of the Société Marseillaise de Crédit

Société Marseillaise de Crédit

-History:The Société Marseillaise de Crédit was created in 1865 by Joseph Grandval, Victor Roux, Albert Rostand and Armand Bergasse. Its first president was Jean-Baptiste Pastré. In 1880, its headquarters was built in Marseille by Léon Verdier. Its first neighbourhood branch was opened in 1909...

 and the British Bank of the Middle East. It is headquartered in Tunis

Tunis

Tunis is the capital of both the Tunisian Republic and the Tunis Governorate. It is Tunisia's largest city, with a population of 728,453 as of 2004; the greater metropolitan area holds some 2,412,500 inhabitants....

, Tunisia. It has 121 offices in Tunisia and 1 office in Libya

Libya

Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....

. It has announced it will open additional branches in Algeria

Algeria

Algeria , officially the People's Democratic Republic of Algeria , also formally referred to as the Democratic and Popular Republic of Algeria, is a country in the Maghreb region of Northwest Africa with Algiers as its capital.In terms of land area, it is the largest country in Africa and the Arab...

 and Morocco

Morocco

Morocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...

.
Marouane Mabrouk, who is married to one of former President Zine El Abidine Ben Ali

Zine El Abidine Ben Ali

Zine El Abidine Ben Ali is a Tunisian political figure who was the second President of Tunisia from 1987 to 2011. Ben Ali was appointed Prime Minister in October 1987, and he assumed the Presidency on 7 November 1987 in a bloodless coup d'état that ousted President Habib Bourguiba, who was...

’s daughters from his first marriage, sits on the Board, while his brother Ismael is the Chairman of the Board.