Banking & Finance

Banks, financial services, lending, and fintech developments

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Mobilizing Resources for Africa's Development at the Annual Meetings of the Continental Bank

Mobilizing Resources for Africa's Development at the Annual Meetings of the Continental Bank

Tomorrow, Monday, the annual meetings of the African Development Bank Group will open in the Congolese capital, Brazzaville, where the large-scale mobilization of resources to finance economic development on the African continent will be the main focus of its work. The continental development bank meetings are expected to attract more than 3000 delegates, including heads of state, senior officials in the economic and financial fields, along with key players from the sector …

May 24, 2026al24news.dz
Local Development Bank Proposes Dividend Distribution of 107 Dinars to Its Shareholders

Local Development Bank Proposes Dividend Distribution of 107 Dinars to Its Shareholders

The Local Development Bank recorded positive financial results during the fiscal year 2025, as the Board of Directors proposed a dividend distribution of 107 Dinars per share, following a net profit of 27.3 billion Dinars, an increase of 19.16 percent compared to the previous year, reflecting improved profitability levels and the continued upward performance of the banking institution. According to a statement from the Local Development Bank, which 'Echorouk' received a copy of, the bank's Board of Directors held its meeting on May 16, 2026, chaired by the Chairman of the Board, to study and approve the social accounts for the fiscal year ending December 31, 2025, where the recorded results showed the bank's continued achievement of positive financial and commercial performances that reflect the strength...

May 24, 2026echoroukonline.com
Revenue of the 2023 budget rises by 24% after the settlement law was published in the official journal

Revenue of the 2023 budget rises by 24% after the settlement law was published in the official journal

The law related to the settlement of the 2023 budget was published in issue 37 of the official journal, showing a 24% increase in the state's general budget revenues compared to the previous year, with a final budget deficit of 1572.71 billion dinars. According to law No. 26-11, signed on May 12 by President Abdelmadjid Tebboune, the final results of the state's general budget revenues for the fiscal year 2023 amounted to 9021.11 billion dinars. View the full content on Echourouk Online.

May 24, 2026echoroukonline.com
27 countries seek emergency funding from the World Bank

27 countries seek emergency funding from the World Bank

27 countries have begun to establish crisis mechanisms that allow them to quickly access funding from the World Bank's existing programs since the outbreak of the war on Iran. The World Bank document revealed by Reuters did not mention the names of the countries or the total amount of funds that are likely to be requested. It stated that three countries have agreed to new instruments since the conflict began...

May 23, 2026al24news.dz
Currency Markets.. Stability of the Dollar Near Its Highest Levels Amid Anticipation of the American-Iranian File

Currency Markets.. Stability of the Dollar Near Its Highest Levels Amid Anticipation of the American-Iranian File

The US dollar has shown notable stability today, Friday, maintaining levels close to its highest peak in six weeks. This stability comes after a night of sharp fluctuations in the markets, driven by mixed signals and speculation surrounding the future of negotiations between Washington and Tehran, as investors cling to hopes of a near breakthrough.

May 22, 2026al24news.dz
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Algerian Post: Important Announcement Regarding the ATM 'GAB'

The Algerian Post announced today, Thursday, the adoption of an update to the interface of the ATM 'GAB'. The Algerian Post confirmed in its statement that this measure is part of the continuous improvement of our electronic cash services. Furthermore, starting today, the PIN will be verified on the second screen after inserting the card, instead of the first screen as was previously the case. The aim of this update is to reduce the duration of transactions and improve the performance and effectiveness of our electronic cash services, ensuring a smoother and faster user experience.

May 22, 2026iqtissadalbalad.dz