Banks, financial services, lending, and fintech developments
Société Générale, Bnp Paribas and Crédit Agricole have disengaged from Africa for various reasons: cost reduction, risk minimization, strengthening of equity. In Algeria, the first two banks display ratios that indicate their solidity and good financial health.
ecotimesdz.com
Algeria - The Bank of Algeria issued a memorandum today, Tuesday, addressed to banks requiring them to localize all export operations of goods and services 'within a maximum of 48 hours' starting from the date of receiving a complete file, as part of the measures taken to promote and facilitate exports.
aps.dz
Contactless and secured cards focusing on deadlines and costs to attract customers. New formations and diversification between classic, gold, platinum, and signature cards. Algerian banks have entered an unprecedented race to attract travelers abroad, following the implementation of the new system to benefit from the tourist currency exchange right of 750 euros for adults and 300 euros for minors. They rushed to launch new international bank cards, offering unprecedented facilities, the most notable being the cancellation of the requirement to deposit amounts in hard currency, reducing card issuance deadlines, and expanding customer options between "Visa" and "MasterCard" cards. Banks are competing to attract the largest number of customers through promotional offers...
echoroukonline.com
The Bank of Algeria reminded in a letter to the directors of accredited banks on Tuesday that all goods and services export operations must be localized within a maximum period of 48 hours from the date of receiving a complete file. Banks are required to 'prioritize export files by simplifying their internal processing pathways while ensuring strict adherence to the mentioned deadline,' according to a memorandum from the central bank. The memorandum emphasized that 'any unjustified delay exposes the concerned bank to strict supervisory measures in accordance with the applicable regulatory provisions.' In addition to adhering to file processing deadlines, the Bank of Algeria stressed the need to 'enhance oversight in the field of foreign trade by ensuring the legality and compliance of the...
echoroukonline.com
The Bank of Algeria reminded licensed bank managers in a letter on Tuesday that all export operations for goods and services must be localized within a maximum of 48 hours from the date of receiving a complete file. Banks are required to prioritize export files by simplifying their internal processing pathways while ensuring strict adherence to the mentioned deadline, according to the central bank's memo. Read the full content on الشروق أونلاين.
echoroukonline.com
Algeria - The Algerian Popular Credit announced the launch of the CPA VISA Classique international card (a card dedicated to benefiting from the currency exchange right) which is a new banking product aimed at travelers, allowing them to benefit from the currency exchange right for travel abroad in accordance with applicable regulations. In a statement yesterday, Monday, the bank clarified that this card is exclusively dedicated to the amount granted under the currency exchange right for travel abroad.
aps.dz
The Algerian Popular Credit announced the launch of the CPA VISA Classique international card (a card designed to benefit from the right of exchange), which is a new banking product aimed at travelers, allowing them to benefit from the right of exchange for travel abroad in accordance with applicable regulations.
echaab.dz
The Bank of Algeria issued a memorandum today, Tuesday, directing banks to localize all export operations of goods and services within a maximum of 48 hours. This starts from the date of receiving a complete file, as part of the measures taken to promote and facilitate exports. The Bank of Algeria emphasized the need to strictly adhere to this deadline. It noted that 'any unjustified delay exposes the concerned bank to strict supervisory measures in accordance with the applicable regulatory provisions.'
radioalgerie.dz
With a total balance sheet of 6,079 billion dinars, the Banque nationale d’Algérie stands out as the largest bank in the country by asset size. The BNA becomes the first bank in Algeria by total balance sheet in 2025. Société Générale Algeria dominates the private sector, ahead of Gulf Bank and Al Baraka.
algerieinvest.dz
The appointments included, in phases, the National Bank, the External Bank, and the National Savings and Reserve Fund, aiming for unified leadership and faster decisions, as well as reducing decision-making timelines. The Ministry of Finance is opening a new chapter in the management of public banks, after it began adopting the position of CEO instead of General Manager and Chairman of the Board in banks, marking the first change of its kind in the governance model within public banking institutions in 5 years, since 2021. This transformation has so far included the appointment of Mustafa Ben Alqama as CEO of the Algerian National Bank, Hosni Ben Abbas as CEO of the Algerian External Bank, and Kahina Bougdir as CEO of the National Savings and Reserve Fund.
echoroukonline.com
New developments regarding currency declaration. A decree published in the Official Journal mandates priority electronic subscription, includes precious stones, and tracks the actual beneficiaries.
ecotimesdz.com
The service is available for holders of Islamic accounts for payments in hotels, restaurants, stores, and other online purchases allowed during their stay abroad. It is possible to fund parents' cards from children's accounts. Algerian banks have started announcing the details of the new currency exchange right as it comes into effect, revealing unprecedented services and facilities for travelers abroad. In addition to clarifying the procedures for benefiting from the tourism grant, banking institutions officially confirmed that international bank cards allow their holders to withdraw from ATMs abroad, and to pay at millions of stores, hotels, and restaurants, and to carry out online purchases linked to...
echoroukonline.com