Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Algeria and Saudi Arabia Discuss Enhancing Financial Cooperation

Algeria and Saudi Arabia Discuss Enhancing Financial Cooperation

Today, Tuesday, Finance Minister Abdel Karim Bouzerd met with the Ambassador of the Kingdom of Saudi Arabia to Algeria, Dr. Abdullah bin Nasser Al-Basiri. According to a statement from the Saudi embassy, the two sides discussed ways to enhance cooperation in the financial and economic fields between the two countries, along with a number of issues of mutual interest. View the full content on Echourouk Online.

Jul 21, 2026echoroukonline.com
Banking & Finance
Instructions to Facilitate the Issuance of International Payment Cards

Instructions to Facilitate the Issuance of International Payment Cards

The Governor of the Bank of Algeria, Mohamed Lamine Labo, directed bank officials to take the necessary measures to facilitate the issuance of international payment cards for citizens wishing to benefit from the currency exchange allocated for travel abroad, during a meeting held at the central bank's headquarters, according to a statement from the bank on Monday.

Jul 20, 2026echaab.dz
Banking & Finance
Instructions to Facilitate the Issuance of International Payment Cards for Beneficiaries of the Currency Exchange Right

Instructions to Facilitate the Issuance of International Payment Cards for Beneficiaries of the Currency Exchange Right

Algeria - The Governor of the Bank of Algeria, Mohamed Lamine Labo, today Monday, directed bank officials to take the necessary measures to facilitate the issuance of international payment cards for citizens wishing to benefit from the currency exchange right allocated for travel abroad, during a meeting held at the headquarters of the central bank, according to a statement from the bank.

Jul 20, 2026aps.dz
Banking & Finance
Bank of Algeria: Instructions to Facilitate the Issuance of International Payment Cards for Beneficiaries of the Currency Exchange Right

Bank of Algeria: Instructions to Facilitate the Issuance of International Payment Cards for Beneficiaries of the Currency Exchange Right

The Governor of the Bank of Algeria, Mohamed Lamine Labo, today Monday, directed bank officials to take the necessary measures to facilitate the issuance of international payment cards for citizens wishing to benefit from the currency exchange right allocated for travel abroad, during a meeting held at the headquarters of the central bank, according to a statement from the bank. This meeting comes as part of the implementation of new measures related to granting the currency exchange right, temporarily, through international payment cards, which came into effect under instruction No. 07-2026 issued last week by the Bank of Algeria.

Jul 20, 2026radioalgerie.dz
Banking & Finance
CNAP-Bank: Opening of two new branches in Douira and Sidi Abdallah

CNAP-Bank: Opening of two new branches in Douira and Sidi Abdallah

The National Savings and Investment Fund-Bank (CNAP-Bank) announced in a statement yesterday, Sunday, the continuation of strengthening its commercial network by opening two new branches today, Monday, in Douira and Sidi Abdallah (Algiers) raising the total number of its branches across the national territory to 234 branches.

Jul 20, 2026radioalgerie.dz
Sustainability & Green Economy
12 thousand and 700 billion in outstanding compensation!

12 thousand and 700 billion in outstanding compensation!

Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...

Jul 19, 2026echoroukonline.com
Regulatory & Legal
After “GAFI”… Towards Removing Algeria from the European Union List

After “GAFI”… Towards Removing Algeria from the European Union List

Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.

Jul 19, 2026echoroukonline.com
Regulatory & Legal
The 750 Euro grant procedure comes into effect this Saturday, and banks inform their customers of the details

The 750 Euro grant procedure comes into effect this Saturday, and banks inform their customers of the details

Starting this Saturday, July 18, 2026, the new procedure for the tourist currency grant, amounting to 750 Euros for adults, will come into effect, with disbursements made via international bank cards. Several banks have rushed to inform their customers about how to benefit from it and the required documents. In this context, the Bank of 'Gulf Algeria' 'AGB' confirmed in a statement to its customers that the grant will be available at the branches for holders of nominal 'Visa' cards, during the period extending from seven to three days before the travel date. The bank also specified the documents to be submitted, which include a round-trip travel ticket or a tax receipt...

Jul 17, 2026echoroukonline.com
Banking & Finance
Revenue of 'Alliance Assurances' Increases by 11 Percent

Revenue of 'Alliance Assurances' Increases by 11 Percent

The company 'Alliance Assurances' achieved growth in its activity during the second quarter of 2026, with its revenue rising to 1.578 billion dinars, compared to 1.424 billion dinars during the same period in 2025, marking an increase of 11 percent. The company stated in a report on its activity indicators for the period from April 1 to June 30, 2026, that the automobile insurance branch continued to lead growth, with its revenue increasing by 15 percent to reach 1.216 billion dinars, while the transport insurance branch also recorded growth of 15 percent, achieving 61.78 million dinars. In contrast, the fire and various risks insurance branch (IARD) experienced a decline of 2 percent, settling at 221.06 million...

Jul 15, 2026echoroukonline.com