Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 145–156 of 780 articles
Banking & Finance
Gold stabilizes near two-week high as US rate hike expectations decline

Gold stabilizes near two-week high as US rate hike expectations decline

Gold prices stabilized this Monday near their highest level in two weeks, after last week's US jobs report, which came in lower than expected, led to a slight decline in expectations for the Federal Reserve (the US central bank) to raise interest rates. The price of gold in spot transactions remained at $4175.02 per ounce, after recording weekly gains of over 2 percent on Friday, following four consecutive weeks of decline.

Jul 6, 2026radioalgerie.dz
Regulatory & Legal
Directive to banks on new procedures regarding import operations!

Directive to banks on new procedures regarding import operations!

The Professional Association of Banks and Financial Institutions has issued a directive to the general managers of banks, informing them of the new procedures for monitoring import files aimed at meeting the needs of institutions for management and equipment materials during the first half of 2026, based on a letter issued by the Ministry of Foreign Trade and Export Promotion dated June 30, 2026. The association clarified, in its letter dated July 1, 2026, which was reviewed by 'Echorouk', that the validity period of the estimated import programs for management materials for the first half of 2026 officially ended on June 30, 2026, except for the customs items that had previously undergone the bank localization procedure, which remain valid...

Jul 3, 2026echoroukonline.com
Economic Policy
Surge in Gold Prices and Consecutive Losses for Oil

Surge in Gold Prices and Consecutive Losses for Oil

Gold prices rose in trading on Thursday, while oil prices continued their noticeable decline and losses in global markets, as the dollar remained stable with investors closely monitoring official U.S. job data, which could clearly outline the upcoming monetary policy directions of the U.S. Federal Reserve. Gold in spot transactions rose to about $4068.61 per ounce, up by 0.92% at the time of writing, after touching its highest recorded levels since June 23 in the previous session, while U.S. futures contracts for gold for August delivery rose to $4082.70 per ounce. View the full content on the...

Jul 2, 2026echoroukonline.com
Banking & Finance
Cashless Cards for Merchants.. Here are New Details for Cashless Transactions

Cashless Cards for Merchants.. Here are New Details for Cashless Transactions

Periodic review of withdrawal ceilings based on usage indicators and needs. Training and awareness for merchants and citizens to expand the use of electronic payment. Algerians conducted more than 8.8 million online purchases in just thirty days, compared to over one million payments via electronic payment devices (TPE), reflecting the significant acceleration in the shift towards electronic payment and the gradual decline in reliance on cash liquidity in daily transactions. Meanwhile, authorities are moving to enhance this path by generalizing the 'Cashless' service and the cash card exclusively for merchants, and encouraging the use of checks, transfers, and electronic clearing when needed.

Jul 1, 2026echoroukonline.com
Banking & Finance
The market is almost stable at around 57.3 billion DZD during the first quarter of 2026, supported by car insurance

The market is almost stable at around 57.3 billion DZD during the first quarter of 2026, supported by car insurance

Algeria - The national insurance market achieved a turnover of 57.3 billion DZD during the first quarter of 2026, which is almost stable compared to the same period in 2025 (+0.2 percent), despite the strong performance of car insurance, takaful insurance, and international reinsurance activities, according to a situational note from the National Insurance Council.

Jul 1, 2026aps.dz
Banking & Finance
Bank of Algeria: interest rate ceiling reduced to 5% starting June 29, 2026

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...

Jul 1, 2026ebourse.dz
Banking & Finance
Benefits of consumer loans, housing, and leasing during the second half of 2026

Benefits of consumer loans, housing, and leasing during the second half of 2026

The Bank of Algeria issued a new memorandum regarding the determination of ceilings for excessive interest rates applied during the second half of 2026, as part of the implementation of the provisions of Instruction No. 06-2026 amending Instruction No. 08-2016 concerning the methods for determining excessive interest rates, aimed at enhancing the protection of borrowers and ensuring that banks and financial institutions do not exceed the permissible limits when granting loans. The bank clarified, in Memorandum No. 01-2026 issued by the General Directorate of Credit and Banking Regulation, which was reviewed by 'Echorouk', that these ceilings were determined based on the averages of the actual total interest rates reported by banks and financial institutions during the first half of 2026.

Jul 1, 2026echoroukonline.com
Banking & Finance
Insurance: The market is nearly stable at 57.3 billion DZD during Q1 of 2026, supported by car insurance

Insurance: The market is nearly stable at 57.3 billion DZD during Q1 of 2026, supported by car insurance

The national insurance market achieved a turnover of 57.3 billion DZD during the first quarter of 2026, which is nearly stable compared to the same period in 2025 (+0.2 percent), despite the strong performance of car insurance, takaful insurance, and international reinsurance activities, according to a situational note from the National Insurance Council. Damage insurance companies remain the main driver of the sector with an 80.2 percent share of total production, recording a decline of 1.4 percent for nearly 2.5 million contracts signed.

Jul 1, 2026radioalgerie.dz