Tunisian banks dispute strike legitimacy, warn of sanctions

Tunisia's banking sector faces potential disruption as the Banking and Financial Council (CBF) strongly contests a planned three-day strike by the General Federation of Banks and Financial Institutions. The CBF asserts that banks have fully complied with legal requirements, including all mandated salary increases and allowances as per Decree No. 68 of April 30, 2026. The employers' organization deems the strike call "without any proven social or economic basis." The timing of the strike, set for June 23-25, 2026, is particularly criticized. It coincides with crucial periods for salary payments, bill settlements, and financial transaction closures, potentially harming individuals, businesses, and financial institutions during an already tense economic climate. The CBF is invoking a circular from the Central Bank of Tunisia to ensure the continuity of vital services, such as ATM operations, payment processing, and cash availability at branches. Furthermore, the CBF issued a stern warning regarding sanctions for striking employees, stating that absent workers will face salary deductions proportional to their days of absence and lose benefits tied to their presence. The organization urges staff to consider their professional conscience and the interests of public service.