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Bank of Algeria: interest rate ceiling reduced to 5% starting June 29, 2026

July 1, 2026E-bourseebourse.dzTranslated from French
Bank of Algeria: interest rate ceiling reduced to 5% starting June 29, 2026

A stricter framework for interest rates on loans starting June 29. The Bank of Algeria has tightened the regulation of interest rates applied by banks and financial institutions. Through instruction n°06-2026 of June 29, 2026, amending instruction n°08-2016 regarding the conditions for setting excessive rates, the monetary institution halves the allowed tolerance margin for classifying a loan as 'excessive interest rate'. According to the new provisions, a loan will now be considered granted at an excessive interest rate when its rate...

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