Tunisian private banks are demonstrating increased risk aversion, hindering financial support for Small and Medium Enterprises (SMEs). This reluctance to lend is analyzed as a key factor restricting economic growth within the country. The resulting credit crunch negatively impacts Tunisia’s macroeconomic stability, contributing to concerns about both growth and inflation. The analysis, published by Kapitalis, investigates the mechanisms behind this trend and its wider economic consequences. Reduced access to finance for SMEs limits their ability to expand and create jobs. This situation poses a significant challenge to Tunisia’s economic development and requires attention from policymakers to stimulate lending and support business activity. Further research is needed to determine the long-term effects of this banking behavior.