Banking & Finance

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Economic Policy
The Algerian President summons the Prime Minister and officials directly responsible for the trade and finance sectors

The Algerian President summons the Prime Minister and officials directly responsible for the trade and finance sectors

The Algerian President, Abdelmadjid Tebboune, summoned today, Monday, the Prime Minister and several officials directly responsible for the trade and finance sectors. According to a statement from the Algerian presidency, President Abdelmadjid Tebboune chaired a meeting dedicated to the data received from the Ministry of Foreign Trade and Export Promotion regarding false statements, to closely examine this data. The Algerian presidency's statement confirmed that this data directly affects the national economy and public funds. The statement emphasized the need to take necessary measures against those making false statements, which aim to drain the public treasury as part of a well-prepared plan to undermine the infrastructure of the national economy.

Sep 7, 2026al24news.dz
Banking & Finance
Details of Selling Cars through Halal Installments and Immediate Ownership at the National Bank!

Details of Selling Cars through Halal Installments and Immediate Ownership at the National Bank!

The National Bank of Algeria announced, via its official Facebook page, the provision of a financing formula for purchasing new cars under the Murabaha system, allowing customers to finance up to 90 percent of the car's price, with repayment of the financing amount in monthly installments extending up to 60 months. According to the published announcement that 'Echorouk' reviewed, 'Murabaha for cars' is a sales contract for new cars manufactured or assembled in Algeria, in accordance with Islamic law, where the bank purchases the car from the dealer and then resells it to the customer at an agreed profit margin between the two parties. The process involves the customer selecting the car they wish to acquire, then presenting the invoice and availability certificate...

Sep 7, 2026echoroukonline.com
Banking & Finance
These are the priorities of the Governor of the Bank of Algeria!

These are the priorities of the Governor of the Bank of Algeria!

Banks are required to implement the 'Know Your Customer' procedure and quickly update their customers' data. The monetary law obliges the 'Bank Governor' to present the annual report before the members of parliament. Mohand Bourai assumed his duties as the new Governor of the 'Bank of Algeria' on Thursday, September 3, succeeding Mohamed Lamine Labo who moved to the Ministry of Finance as part of the recent cabinet reshuffle, in a ceremony overseen by Labo himself, in implementation of the President's mandate. Bourai, who until September held the position of General Manager of the Agricultural and Rural Development Bank 'Badr', confirmed his commitment to work with various stakeholders in the banking and financial sector to keep pace with the economic activity in the country.

Sep 5, 2026echoroukonline.com
Banking & Finance
National Savings and Reserve Fund Launches New Service

National Savings and Reserve Fund Launches New Service

The National Savings and Reserve Fund – Bank has launched a new savings scheme aimed at individuals under the name 'Savings Progress'. The National Savings and Reserve Fund stated that this scheme allows for returns on deposits while maintaining the ability to withdraw funds at any time. View the full content on Echourouk Online.

Sep 4, 2026echoroukonline.com
Banking & Finance
Minister of Finance supervises the handover of duties to Mohand Bouraï as Governor of the Bank of Algeria

Minister of Finance supervises the handover of duties to Mohand Bouraï as Governor of the Bank of Algeria

The Minister of Finance, Mohamed Lamine Lbough, oversaw the handover ceremony to Mohand Bouraï, who was appointed as the Governor of the Bank of Algeria, succeeding him. The handover ceremony took place at the headquarters of the Bank of Algeria, in the presence of the agency's officials. In his speech on the occasion, Mr. Lbough stated that 'the President of the Republic has tasked me with handing over the duties to Mr. Mohand Bouraï as Governor of the Bank of Algeria starting from today.'

Sep 4, 2026radioalgerie.dz
Banking & Finance
Appointment of Mohand Bouraï as the new Governor of the Algerian Central Bank

Appointment of Mohand Bouraï as the new Governor of the Algerian Central Bank

Mohand Bouraï assumed his duties as the new Governor of the Algerian Central Bank on Thursday, September 3, succeeding Mohamed Lamine Labo, who was appointed Minister of Finance in the recent partial cabinet reshuffle. Finance Minister Mohamed Lamine Labo oversaw the inauguration ceremony of Bouraï in his new position as Governor of the Bank of Algeria. Read the full content on Echourouk Online.

Sep 3, 2026echoroukonline.com
Banking & Finance
National Savings and Reserve Fund Launches 'Savings Progress'

National Savings and Reserve Fund Launches 'Savings Progress'

The National Savings and Reserve Fund – Bank, today Thursday, launched a new savings scheme aimed at individuals under the name 'Savings Progress'. According to the fund's statement, the scheme allows for returns on deposits while maintaining the ability to withdraw funds at any time. This scheme is based on a mechanism of progressive returns, with an interest rate that increases according to the level of savings achieved, in line with the applicable scale. The fund stated that the accrued interests are calculated and paid quarterly.

Sep 3, 2026radioalgerie.dz