The overall outstanding of credits to individuals has established itself to 29.702 billion dinars At the end of June 2025, against 29.533 billion six months earlier. With a progression limited to +0.57 %according to figures published by the Central Bank of Tunisia (BCT) and relayed by the TAP agency, credit growth remains historically low. But behind this global stagnation, a silent recomposition is at work: households meet their priorities.
Real estate decline
Long engine of credit dynamics, the acquisition of housing marks the plunge. Its outstanding outstanding 178 million dinars in the first semester, to settle in 12.949 billion dinars. Faced with still high interest rates, despite the monetary relaxation decided in March (master rate lowered from 8 % to 7.5 %), many households give up or postpone their real estate projects.
The rise of flexible credits
In parallel, loans intended for Habitat improvement progress significantly, reaching 11.183 billion dinars (+231 MD). These more flexible funding are used more and more to cover current expenses, or even to support consumption.
The latter also posted a slight increase, to 5.137 billion dinars (+108 MD), confirming a progressive displacement of credit uses towards immediate needs rather than long -term investment.
A recomposition over three years
Compared to previous years, the evolution is clear:
- 2022 : +6.3 % with an outstanding 26.8 billion dinars.
- 2023 : +5.9 %, despite a more restrictive monetary policy.
- 2024 : +4.0 %, first slowdown alert.
- 2025 (S1) : +0.57 %, or a projected growth of only 1 % over the year.
Never, for five years, credit to individuals had experienced such a level. But it is no longer just a question of volume: it is the very nature of credit which is transformed.
Prudence and arbitrations
Experts see it as a double trend: on the one hand, the Household prudence Faced with the high cost of money; on the other, a Recomposition of financial arbitrations. Housing is retreating, improving habitat is gaining momentum, and consumption is maintained.
In short, Tunisians not only reduce their use of credit: they change the logic. The financing of a long -term real estate project gives way to more pragmatic choices, turned towards the maintenance and needs of everyday life.
Read also: Tunisia – Housing: three households out of four owners, but the crisis persists!
