Banks, financial services, lending, and fintech developments
Oil prices fell in early trading this Friday. Brent crude futures dropped by $1.34, or 1.35 percent, to $98.05 per barrel. West Texas Intermediate crude futures also fell by $1.65, or 1.74 percent, to $93.40 per barrel, reducing the gains made in the previous session.
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The Minister of Foreign Trade and Export Promotion, Kamel Rezig, chaired a coordinating working meeting on Wednesday that included ministry officials and representatives of the professional association of banks and financial institutions.
The Minister of Foreign Trade and Export Promotion, Kamel Rezig, emphasized the need to enhance coordination among various actors in the banking and financial system, aiming to facilitate foreign trade operations and improve support for economic operators, especially regarding the banking localization procedures for estimated import programs in the fields of management and equipment, alongside developing financing mechanisms through financial leasing. This came during his chairing of a coordination working meeting yesterday, Wednesday, which included ministry officials and representatives of the professional association of banks and financial institutions, in addition to commercial banks authorized to engage in foreign trade and financial leasing companies, where the meeting was dedicated to presenting and clarifying the recent related procedures.
Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rzig, chaired a coordination working meeting today, Wednesday, which included ministry officials and representatives of the professional association of banks and financial institutions, as well as commercial banks authorized to engage in foreign trade, and financial leasing companies, according to a statement from the ministry.
Algeria - The total loans granted by the Local Development Bank in 2025 exceeded 1400 billion DZD, with a notable development in Islamic banking activities, according to the bank's director general, Mohamed Mebarek.
The total loans granted by the Local Development Bank in 2025 exceeded 1400 billion DZD, with a noticeable development in Islamic banking activities, according to the bank's general manager, Mohamed Mebarek. Mebarek explained to 'APS' that the value of loans granted surpassed 1400 billion DZD during the past year, marking an increase of 186 billion DZD compared to 2024, which reflects, as he said, 'the expansion of financing activities and support for investment in various sectors.' In this regard, the official confirmed that the bank continues its role as a financial partner in major structural projects, having notably contributed to the financing of the western mining line, seawater desalination plants, in addition to major agricultural projects in the southern provinces.
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The total loans granted by the Local Development Bank in 2025 exceeded 1400 billion DZD, with a notable increase in Islamic banking activity.
The Minister of Foreign Trade and Export Promotion, Kamel Rziq, chaired a coordination working meeting today, Wednesday, which included ministry officials and representatives of the professional association of banks and financial institutions, as well as commercial banks authorized to engage in foreign trade, and financial leasing companies, according to a statement from the ministry. This meeting was dedicated to presenting and clarifying the recent procedures related to changing banks or banking agencies within the framework of banking localization operations for the estimated import programs, particularly those resulting from the suspension of foreign trade activities at some banks, the same source clarifies.
The total loans granted by the Local Development Bank in 2025 exceeded 1400 billion DZD, with a notable development in Islamic banking activities, according to the bank's director general, Mohamed Mebarek. Mr. Mebarek explained to /APS that the value of loans granted surpassed 1400 billion DZD during the past year, marking an increase of 186 billion DZD compared to 2024, which reflects, as he said, 'the expansion of financing activities and support for investment in various sectors.'