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No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

June 30, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

The Bank of Algeria has issued a new directive amending the provisions for determining excessive interest rates on loans, signed by the bank's governor, Mohamed Amine Labou, aimed at recalibrating the regulatory framework for pricing bank loans and enhancing borrower protection from inflated interest rates. The directive No. 06-2026, dated June 29, 2026, relates to the amendment of directive No. 08-2016 issued on September 1, 2016, concerning the methods for determining excessive interest rates, which came into effect from the date of its signing. Read the full content on Echourouk Online.

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