Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 217–228 of 665 articles
Energy & Hydrocarbons
Algerian gas flows boost Naturgy's profits amid financial growth and record liquidity expansion

Algerian gas flows boost Naturgy's profits amid financial growth and record liquidity expansion

The Spanish newspaper 'La Razón' reported that long-term supply contracts with Algeria continue to play a pivotal role in supporting the operational performance of Naturgy, which recorded a net profit of 530 million euros by the end of March, an increase of 5%, alongside a 6% rise in earnings before interest, taxes, depreciation, and amortization to reach 1.362 billion euros. The newspaper clarified that Algeria represents a fundamental pillar in securing the company's energy supplies through gas contracts linked to the 'Medgaz' pipeline, which ensures the continuity of supply to the Spanish market and supports the operation of combined cycle plants that play an important role in stabilizing the electricity grid and integrating renewable energies. Watch the full content on Echourouk Online...

Apr 29, 2026echoroukonline.com
Regulatory & Legal
New Conditions for External Commitments of Banks Starting May 2026

New Conditions for External Commitments of Banks Starting May 2026

The Bank of Algeria imposes a ceiling of 50 percent... and immediate application without any transitional period. The aim is to enhance financial discipline and reduce the risks of off-balance-sheet commitments. The Bank of Algeria has imposed a new maximum limit for external commitments of banks, not exceeding 50 percent of their own funds, to be implemented starting May 1, 2026, requiring banks to apply it immediately without any transitional period. In this context, the Bank of Algeria issued a new instruction regarding the determination of the level of external commitments of banks and financial institutions, according to instruction No. 03-26 dated April 26, 2026, amending instruction No. 02-2015 dated July 22, 2015, signed by the Governor of the Bank of Algeria.

Apr 28, 2026echoroukonline.com
Regulatory & Legal
New Directive from the Bank of Algeria to Combat Fraud and Suspicious Transactions

New Directive from the Bank of Algeria to Combat Fraud and Suspicious Transactions

The Governor of the Bank of Algeria, Mohamed Lamine Labo, announced the issuance of a new directive for banks within a week regarding the implementation of 'Know Your Customer' (KYC) standards, in order to adapt the national banking system to the transformations occurring in financing methods. According to Algerian television, Labo clarified during a dialogue session held today, Tuesday, April 28, as part of the second edition of the 'CEO Survey' at the International Conference Center 'Abdelatif Rahal' that this directive will be mandatory for all banks, taking into account the specificities of the activities of economic operators, who can, based on a simple declaration, disclose their future income and how it will be used 'without facing obstacles'.

Apr 28, 2026echoroukonline.com
Regulatory & Legal
Bank of Algeria: Issuance of a directive soon requiring banks to apply 'Know Your Customer' standards

Bank of Algeria: Issuance of a directive soon requiring banks to apply 'Know Your Customer' standards

The Governor of the Bank of Algeria, Mohamed Lamine Labo, announced today, Tuesday in Algiers, the issuance of a new directive for banks within a week regarding the application of 'Know Your Customer' (KYC) standards, as part of an effort to adapt the national banking system to the transformations in financing methods. Mr. Labo explained during a dialogue session organized as part of the second edition of 'CEO

Apr 28, 2026radioalgerie.dz