Banks, financial services, lending, and fintech developments
The 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 caused by the war with Iran, pushing the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end has negatively affected sentiment and raised concerns...
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Finance: The BA organizes a study day in Algiers on the instruction related to the KYC procedure -Ebourse - Finance-Insurance
ebourse.dz
Half a million contactless payment cards and 29,000 deferred payment cards in the banking market, 4,713 ATMs across the national territory, and 104,000 electronic payment terminals. Algeria recorded an unprecedented leap in electronic payment activity during the first months of 2026, after the value of online transactions exceeded 107 billion dinars in January alone, primarily driven by payments related to the 'Aadl 3' program, alongside the expansion of digital services for paying pilgrimage costs, administrative service fees, and electronic commercial transactions. These figures reflect the rapid shift towards the use of modern payment methods and the gradual decline in reliance on cash liquidity.
echoroukonline.com
Finance Minister Abdel Karim Boulzerd urged banks and financial institutions to enhance communication by organizing regular meetings to clarify the new procedures recently established by the Bank of Algeria regarding 'Know Your Customer'. The minister noted in a speech today, Monday, May 18, on the occasion of a study day organized by the Bank of Algeria on the instruction related to Know Your Customer, that 'banks and financial institutions are required today to organize numerous meetings to explain the new procedures related to Know Your Customer and clarify how to implement this instruction for employees, as bank agencies are the ones that deal directly with citizens and economic operators, especially traders,' according to the Algerian News Agency.
echoroukonline.com
Algeria - The Bank of Algeria organized today, Monday in Algiers, a study day on the instruction recently issued 04-2026 related to the Know Your Customer (KYC) procedure applicable to banks, financial institutions, and the financial services of Algeria Post, with the participation of several government members, aimed at explaining, exchanging views, and discussing the provisions contained therein, aimed at enhancing transparency in transactions and various financial procedures.
aps.dzAlgeria - The Minister of Finance, Abdel Karim Boualzerd, highlighted today in Algiers the role of banks and financial institutions in implementing the new procedures recently established by the Bank of Algeria regarding 'customer due diligence', calling for enhanced communication through organizing regular meetings to clarify and explain these measures for the benefit of employees and workers in the banking and financial sector.
aps.dz
Today, Monday, the finance ministers of the Group of Seven major industrialized nations are meeting in Paris, in an attempt to find common ground to alleviate the severity of global economic tensions and coordinate supplies of vital raw materials. French Finance Minister, Bruno Le Maire, stated that the agenda for the Paris meeting will focus on what he described as entrenched imbalances in the global economy that fuel trade disputes and threaten potential disruptions...
al24news.dz
The Minister of Finance, Abdel Karim Boualzerd, highlighted today in Algiers the role of banks and financial institutions in implementing the new measures recently established by the Bank of Algeria regarding 'customer due diligence', calling for enhanced communication through organizing regular meetings to clarify and explain these measures for the benefit of employees and workers in the banking and financial sector.
radioalgerie.dz
“Air Algérie” raises its capital by 100 billion and “Krapsi” enters the stock market with 62 billion. The “single window” mechanism to expedite file studies and digital platforms for order processing have recorded remarkable indicators in the Algerian stock market recently, with a significant jump in trading volume, value, number of investors, and transactions, coinciding with new movements indicating that the financial market is entering an unprecedented expansion phase. After having only five companies in 2024, the number is expected to rise to 10 companies with the ambition of reaching 13 companies by the end of 2026, as new companies like “Air Algérie” and “Krapsi” are nearing entry into the market, along with other files under study, notably “Insagh”. The bond market has also started to record growth indicators...
echoroukonline.com
A circular note dated May 14, 2026, strengthens the control of import operations and introduces a new prerequisite for loading goods by the foreign supplier. The article Importations: The Bank of Algeria imposes bank domiciliation before any loading of goods first appeared on ECOTIMES.
ecotimesdz.com
Treasury bonds offer a return that is significantly higher than that of banks. This attracts private banks, the
ecotimesdz.com
Al Baraka Bank, specialized in Islamic banking, has reached financing of approximately 220 billion dinars since the beginning of this year, with more than 90 percent directed towards the economy and companies in line with the efforts of the country's high authorities, making it one of the largest Islamic banks in the North African region. This announcement coincided with the unveiling of a digital platform that allows for the settlement of bills, including electricity and the dues of the 'Aadl' agency, as well as transfers from one account to another. These figures were revealed during the celebration of Al Baraka Bank's 35th anniversary, which took place on Thursday evening at the 'Marriott' hotel in Bab Zawwar, where the general manager of this bank specialized in Islamic financing indicated...
echoroukonline.com