Banks, financial services, lending, and fintech developments
The Banque extérieure d’Algérie (BEA) announced yesterday the launch of an investment credit dedicated to the acquisition of new buses, as part of the mandatory replacement of buses over 25 years old decided by the public authorities. This obligation follows a decision by the Council of Ministers on May 3, which set a three-month deadline for the withdrawal of the affected vehicles.
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The Algiers Stock Exchange had no regulatory framework for trading Sukuk. The SGBV decision No. 01-26 fills this gap by establishing the very first framework for sovereign Ijara Sukuk.
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The Bank of Algeria has introduced a notable relaxation of the rules governing the repatriation of non-hydrocarbon export revenues.
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The Bank of Algeria has opened a wider margin for exporters outside hydrocarbons in granting payment deadlines to their non-resident clients, allowing the deadline to extend to 180 days, or six months. However, it has set a clear limit to this flexibility by requiring prior insurance on the export loan whenever the deadline exceeds 120 days, obliging the exporter to transfer the value of the transaction on the day it is paid by the foreign client. This comes under system No. 26-02 dated July 23, 2026, amending and supplementing system No. 07-01 dated 15 Muharram 1428 corresponding to February 3, 2007, related to the rules applicable to current transactions with abroad and accounts in hard currency. The amendment reveals, upon reading the new Article 61, ...
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Gold prices fell on Friday under pressure from profit-taking, as investors await the U.S. Federal Reserve's stance on interest rates, with expectations of keeping them unchanged during September. The price of gold in spot transactions decreased by 0.5 percent to $4,330.37 per ounce, while U.S. gold futures for December delivery fell by 0.8 percent to $4,386.80. Gold had recorded its highest level since June 5 yesterday before declining by 1.3 percent, thus erasing its gains made during the week. In other precious metals markets, silver fell in transactions.
al24news.dzThe communication cell of the Bank of Algeria warned internet users about the circulation of a fake document on social media networks, titled 'Instruction No. 08-2026 of the Bank of Algeria, dated August 12, 2026', confirming that the document is not related to the bank. The Bank of Algeria clarified that the document circulating on social media platforms is fake, urging citizens and internet users to exercise caution and not to circulate or rely on the information contained in it. The communication cell also confirmed that no amendments have been made to Instruction No. 07-2026 dated July 13, 2026, related to granting the right to exchange for travel abroad using an international payment card or an international payment card designated for the right to exchange.
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The Bank of Algeria warned internet users against circulating a fake document titled 'Instruction No. 08-2026' dated August 12, 2026, confirming that it is not related to its official documents. The bank clarified in a statement on Thursday that no amendments have been made to Instruction No. 07-2026 dated July 13, 2026, concerning the granting of foreign exchange rights for travel abroad using an international payment card or an international payment card designated for foreign exchange rights. View the full content on Echourouk Online.
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The accountant is required to disclose the actual owner or controller of the company. The declaration of suspicion is made without informing the concerned customer, despite Algeria's exit from the gray list of the Financial Action Task Force (FATF) and achieving a step that has been appreciated. Accounting and auditing professionals in Algeria have entered a new phase of strict oversight on funds and financial transactions, after the National Council of Accounting established rules that require accountants, auditors, and certified accountants to report suspicious operations to the Financial Intelligence Processing Unit, while prohibiting them from informing the concerned customer that they are under suspicion. The matter does not stop there, as the professional is now required to disclose the person who is actually behind the...
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Algeria - The guarantees granted by the Investment Loan Guarantee Fund for small and medium enterprises (CGCI-PME) have significantly increased to reach 41 billion dinars in 2025, compared to 35 billion dinars in 2024, according to the authority.
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An instruction dated August 10, 2026 sets the conditions under which approved intermediary banks finance, in dinars, the cash flow of exporters until the shipment of goods.
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An official memorandum obliges financial institutions to expand consumer lending exclusively for local products.
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The Bank of Algeria issued a memorandum on Monday to banks and financial institutions, urging them to intensify efforts to expand family access to consumer loans. The central bank's memorandum stated that 'banks and financial institutions must work to further develop their offerings for consumer loans, while ensuring that: See the full content on الشروق أونلاين The post نحو توسيع استفادة الأسر من القروض الاستهلاكية appeared first on الشروق أونلاين.
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