Banks, financial services, lending, and fintech developments
Algeria - Economic and legal experts highlighted today, Monday, the importance of the legal measures taken by Algeria to recover its embezzled and smuggled funds and properties abroad, considering it a 'result of a rigorous effort by state institutions.'
The National Company for Recovery and Valorization (SNRV) signed a partnership agreement with the Algerian Company for Insurance and Reinsurance (La CAAR) to enhance the insurance system and support performance sustainability, under the supervision of the CEO of SNRV, Abdelhak Bouzahi, and in the presence of Ammar Maslouh, the CEO of La CAAR. According to a statement from the institution, the signing ceremony was attended by Lahcen Ben Kheda, the Deputy General Manager, and the central directors from the SNRV side, along with the Assistant Technical General Manager, the insurance broker, and the Central Director of Mediation Affairs from La CAAR. View the full content on Echourouk Online.
In an effort to facilitate banking procedures related to the import of pharmaceutical raw materials, the authorities have decided to abolish the requirement for a pharmaceutical control certificate within the banking settlement file, which constitutes a practical step to simplify the administrative process and expedite the processing of import operations, especially for pharmaceutical manufacturing companies. This measure aims to reduce the time required for file review at banks and lessen the required documentation, allowing for faster financing of imports and ensuring greater fluidity in supplying factories with raw materials, in line with the state's direction towards supporting local production and enhancing pharmaceutical security. Supporting the fluidity of supplying factories with raw materials and expediting file reviews.
Trade exchanges between Algeria and the United Kingdom exceed 2.77 billion dollars during 2025.
The commission for the organization and supervision of stock market operations (COSOB) has just developed two new instructions aimed at strengthening transparency.
Algeria - The Algerian insurance market achieved a turnover of 200.5 billion DZD in 2025, marking an increase of 8.8 percent compared to 2024, according to a situational note from the National Council for Insurance.
The Commission for the Regulation and Supervision of Stock Exchange Operations (COSOB) issued two new instructions aimed at enhancing transparency in the financial market on Thursday, according to a statement from the institution itself.
The Algerian insurance market achieved a turnover of 200.5 billion DZD in 2025, marking an increase of 8.8 percent compared to 2024, according to a situational note from the National Insurance Council.
In the context of efforts to modernize the national maritime sector, GTS, a specialized office in the field, has retained as
Bank 'Al Salam Algeria' organized a specialized training course in Islamic microfinance on March 31 and April 1, 2026, in Ouargla, benefiting 25 artisans from the 'Harfati' product, under a grant from the Islamic Development Bank. This program is part of a series of initiatives aimed at empowering small project owners, including practical training and field support, following a successful previous experience in Ghardaïa that benefited more than 100 women active in home economics, reflecting the program's impact on enhancing financial inclusion and increasing the capacities of local economic groups. 25 artisans benefit in Ouargla.. and 100 women have achieved their projects in Ghardaïa. Read the full content on Echourouk Online.
Algeria - Both the National Fund for Savings and Reserve-Bank (CNAP-Bank) and Cash Insurance Company announced in a joint statement the generalization of the marketing of the natural disaster product 'Cat Nat' and the multi-risk housing insurance product 'M A' across all bank agencies nationwide, effective from today, Wednesday.
Oil prices fell at settlement yesterday, Tuesday. Brent for June delivery dropped by $3.42 to $103.97 per barrel, and May futures for Brent fell by $5.57, or 4.94%, to settle at $118.35 per barrel. West Texas Intermediate futures dropped by $1.50, or 1.46%, to $101.38.