Banking & Finance

Banks, financial services, lending, and fintech developments

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Alliance Insurance Launches New Window to Accompany the Expansion of Islamic Banking

Alliance Insurance Launches New Window to Accompany the Expansion of Islamic Banking

Alliance Insurance announced the launch of its new Takaful insurance window under the name 'Alliance Takaful', as part of its strategy to diversify its services and accompany the national dynamics for the development of Islamic banking. The company clarified, in a statement issued yesterday, that this initiative received unanimous support from shareholders during the extraordinary general assembly, and comes as part of its commitment to support the development of the Islamic financial system in Algeria and respond to the transformations taking place in the national market. Read the full content on Echourouk Online.

Jun 9, 2026echoroukonline.com
Starting Thursday.. the Algerian Popular Credit Bank closes its branches for this reason

Starting Thursday.. the Algerian Popular Credit Bank closes its branches for this reason

The Algerian Popular Credit Bank (CPA) announced that all its branches across the country will be closed on Thursday, June 11, 2026, starting from 12:00 PM, for technical reasons. The bank clarified in a notice addressed to its customers that services will resume on Sunday, June 14, 2026, according to the usual opening hours of the branches. View the full content on الشروق أونلاين

Jun 8, 2026echoroukonline.com
Insurance Companies Mobilized to Accelerate Pending Compensation!

Insurance Companies Mobilized to Accelerate Pending Compensation!

Smart systems and a digital platform, along with dispute forecasting, aim to improve file management. 'Remote expertise' accelerates damage assessment instead of traditional inspections. The National Insurance Council has ordered a clear and strict acceleration in processing compensation files and reducing payment deadlines for customers, amid increasing complaints about delays in settling files within insurance companies, which the council considers a direct factor affecting citizens' trust in the sector and its effectiveness. In the editorial of the latest issue of the National Insurance Council magazine, which 'Echorouk' reviewed, the Secretary-General of the council, Abdel Hakim Ben Bouabdallah, confirmed that the issue of compensation deadlines is no longer just an organizational matter, but has become a strategic challenge that necessitates a reconsideration of methods.

Jun 7, 2026echoroukonline.com
Record Gains for 'Alliance Insurance' Strengthen Its Financial Resilience

Record Gains for 'Alliance Insurance' Strengthen Its Financial Resilience

The company 'Alliance Insurance' recorded positive financial results in 2025, supported by growth in insurance activity and improved investment performance, enabling it to strengthen its position among the leading private insurance companies in Algeria, according to the financial data approved during the mixed general assembly held on June 4, 2026. The results showed an increase in the company's turnover to 6.77 billion Algerian Dinars, an increase of 8.3 percent compared to 2024, while the net individual profit reached 611.4 million Dinars, recording a growth rate of 16.2 percent. Total assets rose to 16.33 billion Dinars compared to 14.54 billion Dinars in the previous year, while private funds exceeded 6.11 billion Dinars.

Jun 7, 2026echoroukonline.com
Al Salam Bank Algeria finances the 'Dzaïr Land' environmental project

Al Salam Bank Algeria finances the 'Dzaïr Land' environmental project

Al Salam Bank Algeria is financing the environmental project 'Dzaïr Land', located in the Sidi Ghilas forest in the Tipaza province, from Thursday, June 4 to Saturday, June 6, 2026. According to a statement from the bank, which 'Echorouk' received a copy of, this initiative is part of the bank's strategic vision aimed at enhancing its role as an active citizen institution and promoting its products compliant with Islamic Sharia principles, particularly the 'Green Account' product that aligns perfectly with the bank's environmental and awareness values. This approach is based on supporting youth and educational recreational initiatives, initiated by the Youth and Sports Directorate of Tipaza province and the Outdoor Activities and Exchanges Association.

Jun 6, 2026echoroukonline.com