Banks, financial services, lending, and fintech developments
The Local Development Bank recorded a positive financial performance during the year 2025, as its Board of Directors proposed a profit 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.
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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...
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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.
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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...
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DZD economy aliqtissad dz Algeria economy news
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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.
al24news.dzThe 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.
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Algeria Post announced today, Thursday, the adoption of an update to the interface of the ATM 'GAB'.
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Economy Dz aliqtissad dz Algeria economy news
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Economy of Algeria news
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Setif - The company 'Cash Assurances' will start marketing agricultural risk insurance contracts starting next June in a move aimed at diversifying its offerings and expanding its services, according to what was revealed today, Wednesday in Setif, by the General Director of the company, Widad Belhouchat.
aps.dzThe dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation resulting from the war with Iran, which pushed the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end negatively affected sentiment, raised concerns about inflation, and led to a global sell-off of bonds as the yield on 30-year U.S. Treasury bonds reached its highest level since 2007. President Donald Trump stated that the United States may have to attack Iran again, but he indicated that it wants an agreement to end the war that has caused disruptions in the region.
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