{"id":126776,"date":"2018-09-08T01:23:50","date_gmt":"2018-09-08T00:23:50","guid":{"rendered":"https:\/\/www.realites.com.tn\/?p=126776"},"modified":"2018-09-08T01:23:50","modified_gmt":"2018-09-08T00:23:50","slug":"bourse-la-reaction-des-investisseurs-a-la-circulaire-de-la-bct-est-excessive-selon-un-expert","status":"publish","type":"post","link":"https:\/\/realites.com.tn\/fr\/bourse-la-reaction-des-investisseurs-a-la-circulaire-de-la-bct-est-excessive-selon-un-expert\/","title":{"rendered":"Bourse : la r\u00e9action des investisseurs \u00e0 la circulaire de la BCT est excessive, selon un expert"},"content":{"rendered":"<p>Le projet de circulaire de la Banque Centrale de Tunisie (BCT) qui pr\u00e9voit l&rsquo;obligation pour les banques de respecter le ratio cr\u00e9dits\/d\u00e9p\u00f4ts a eu des effets n\u00e9gatifs sur le Tunindex, o\u00f9 les actions de certaines banques ont fortement chut\u00e9. Intervenant dans <em>Midi Show<\/em> ce vendredi 7 septembre 2018, l&rsquo;expert en bourse Hatem Z\u00e2ara a expliqu\u00e9 que certains investisseurs voient en cette tendance baissi\u00e8re comme une occasion de faire du profit.<br \/>\nLe Tunindex, selon l&rsquo;expert, a chut\u00e9 de 35% depuis le d\u00e9but de l&rsquo;ann\u00e9e et ce qui a \u00e9t\u00e9 observ\u00e9 lors des derni\u00e8res s\u00e9ances de la bourse de Tunis \u00e9tait une sorte de correction \u00e0 laquelle on devait s&rsquo;attendre. <em>\u00ab\u00a0L&rsquo;indice a enregistr\u00e9 une baisse de 4,72% sur deux jours et de 6,1% pendant les 4 derni\u00e8res s\u00e9ances qui se sont succ\u00e9d\u00e9es\u00a0\u00bb<\/em>, a-t-il not\u00e9.<br \/>\nIl s&rsquo;agit, selon Hatem Za\u00e2ra, d&rsquo;une r\u00e9action excessive de la part des investisseurs au projet de circulaire de la BCT, qui fixera un nouveau ratio cr\u00e9dits\/d\u00e9p\u00f4ts de 110%. Ils ont, en fait, pr\u00e9dit une baisse des activit\u00e9s des banques.<br \/>\nDans ce m\u00eame contexte, l&rsquo;institution compte \u00e9galement r\u00e9duire le refinancement des banques afin de contenir l&rsquo;inflation. Une enveloppe qui a atteint, rappelons-le, les 16,5 milliards de dinars. Pourtant, le seuil des 110% a \u00e9t\u00e9 d\u00e9pass\u00e9 dans certaines banques, ce qui explique la r\u00e9action imm\u00e9diate des investisseurs sur le march\u00e9 financier. Or, la situation n&rsquo;est pas catastrophique. <em>\u00ab\u00a0Certaines banques tunisiennes ont atteint un ratio de 110%. Or, en Europe, des banques atteignent m\u00eame les 140%<\/em>\u00ab\u00a0, a expliqu\u00e9 l&rsquo;expert en \u00e9conomie.<br \/>\nA titre de rappel, la BCT, dans une pr\u00e9cision publi\u00e9e ce vendredi 7 septembre 2018, a indiqu\u00e9 qu&rsquo;elle ne compte pas imposer un ratio cible de 110%. Elle souhaite plut\u00f4t pousser les banques au ratio \u00e9lev\u00e9 \u00e0 r\u00e9duire progressivement cet indicateur, \u00e0 hauteur de 3 points par trimestre.<em> \u00ab\u00a0Les banques pr\u00e9sentant un ratio inf\u00e9rieur ou \u00e9gal \u00e0 110% ne seront pas concern\u00e9es par le projet de circulaire\u00a0\u00bb<\/em>, peut-on lire dans <a href=\"https:\/\/www.realites.com.tn\/2018\/09\/bct-precisions-sur-le-projet-dinstitution-dun-ratio-prudentiel-credits-depots\/\" target=\"_blank\" rel=\"noopener\">le communiqu\u00e9 de la BCT<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le projet de circulaire de la Banque Centrale de Tunisie (BCT) qui pr\u00e9voit l&rsquo;obligation pour les banques de respecter le ratio cr\u00e9dits\/d\u00e9p\u00f4ts a eu des effets n\u00e9gatifs sur le Tunindex,&hellip;<\/p>\n","protected":false},"author":63,"featured_media":25492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-126776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bourse : la r\u00e9action des investisseurs \u00e0 la circulaire de la BCT est excessive, selon un expert - R\u00e9alit\u00e9s Magazine<\/title>\n<meta name=\"description\" content=\"Le projet de circulaire de la Banque Centrale de Tunisie (BCT) qui pr\u00e9voit l&#039;obligation pour les banques de respecter le ratio cr\u00e9dits\/d\u00e9p\u00f4ts a eu des\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/realites.com.tn\/fr\/bourse-la-reaction-des-investisseurs-a-la-circulaire-de-la-bct-est-excessive-selon-un-expert\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bourse : la r\u00e9action des investisseurs \u00e0 la circulaire de la BCT est excessive, selon un expert - R\u00e9alit\u00e9s Magazine\" \/>\n<meta property=\"og:description\" content=\"Le projet de circulaire de la Banque Centrale de Tunisie (BCT) qui pr\u00e9voit l&#039;obligation pour les banques de respecter le ratio cr\u00e9dits\/d\u00e9p\u00f4ts a eu des\" \/>\n<meta property=\"og:url\" content=\"https:\/\/realites.com.tn\/fr\/bourse-la-reaction-des-investisseurs-a-la-circulaire-de-la-bct-est-excessive-selon-un-expert\/\" \/>\n<meta property=\"og:site_name\" content=\"R\u00e9alit\u00e9s Magazine\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/realites.tn\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-08T00:23:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/realites.com.tn\/fr\/wp-content\/uploads\/2015\/01\/Bourse-tunis-l-economiste-maghrebin1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"F. 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