Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Local Development Bank: New Commercial Agency in Ain M'lila

Local Development Bank: New Commercial Agency in Ain M'lila

The Local Development Bank inaugurated a new commercial agency in Ain M'lila 336 today, in the presence of the General Director and his accompanying delegation, alongside the Governor of Oum El Bouaghi and representatives of local authorities. This agency is located at 03 Batna Street, providing various banking products and services for customers, reflecting the bank's direction towards enhancing its field presence and supporting local economic activity.

Apr 23, 2026radioalgerie.dz
Banking & Finance
Framework Agreement between the Ministry of Religious Affairs and Al Baraka Bank Algeria

Framework Agreement between the Ministry of Religious Affairs and Al Baraka Bank Algeria

Today, Wednesday, the Ministry of Religious Affairs and Endowments signed a framework agreement with Al Baraka Bank Algeria, aimed at enabling imams and sector affiliates to benefit from a comprehensive package of banking services, in a move that reflects a trend to enhance cooperation and develop social and professional services. The ministry's statement clarified that this agreement comes within the context of an initiative aimed at supporting the category of imams and sector employees, especially the mosque family, by improving their conditions and responding to their financial needs through integrated banking services compliant with Islamic law.

Apr 22, 2026echoroukonline.com
Economic Policy
APS | مصارف ومالية

Finance Minister Calls from New York to Enhance the Effectiveness of Development Financing and Institutionalize Shared Responsibility

New York (United Nations) - Finance Minister Abdel Karim Boualzerd called from New York for a new logic in development financing, where international financial institutions should genuinely bear their responsibility to overcome the current situation in which countries bear the bulk of financing risks even when the results are weak, a situation the minister described as 'unjust and unfair.'

Apr 22, 2026aps.dz
Banking & Finance
Signing of a Framework Agreement between the Ministry of Religious Affairs and Endowments and Baraka Bank

Signing of a Framework Agreement between the Ministry of Religious Affairs and Endowments and Baraka Bank

On Wednesday in Algiers, a framework agreement was signed between the Ministry of Religious Affairs and Endowments and the Algerian Baraka Bank, in an initiative that reflects the enhancement of cooperation mechanisms and the development of services directed towards imams and sector affiliates, according to a statement from the ministry. This signing comes as an initiative for the sector that reflects the commitment to enhance joint cooperation mechanisms and develop services directed towards the esteemed imams and sector affiliates, especially the mosque community, as clarified in the statement.

Apr 22, 2026radioalgerie.dz
Economic Policy
Boulzerd calls from New York to enhance the effectiveness of development financing and establish shared responsibility

Boulzerd calls from New York to enhance the effectiveness of development financing and establish shared responsibility

The Minister of Finance, Abdel Karim Boulzerd, called from New York for a new logic in development financing, where international financial institutions should actually bear their responsibility to overcome the current situation in which countries bear the largest share of financing risks even when the results are weak, a situation the minister described as 'unjust and unfair'. This came during the minister's participation in the United Nations Forum on Financing for Development held from April 20 to 24 in New York, where he delivered a speech during the general discussion addressing the current challenges facing the international development financing system.

Apr 22, 2026radioalgerie.dz
Banking & Finance
At a price of 1,600 DZD.. 39,000 new shares launched on the Algerian Stock Exchange

At a price of 1,600 DZD.. 39,000 new shares launched on the Algerian Stock Exchange

On Tuesday, the Commission for the Regulation and Monitoring of Stock Operations 'COSOB' granted its approval for the information memorandum regarding the increase of the capital of the public economic institution 'EPE CRAPC EXPERTISE SPA' by 15%, through a public savings offering by issuing 39,000 new shares on the Algerian Stock Exchange, which will be listed in the growth section of the capital market. According to a statement from the commission, the total value of the issuance is 62,400,000 Algerian Dinars, with the price of each share set at 1,600 Algerian Dinars, and a specified maturity date of January 1, 2026. The shares will be issued in the form of bearer shares, non-material, and registered in accounts with authorized account keepers and bond custodians.

Apr 21, 2026echoroukonline.com
Economic Policy
Iran Crisis Costs France Between 4 and 6 Billion Euros and Plan to Freeze Spending

Iran Crisis Costs France Between 4 and 6 Billion Euros and Plan to Freeze Spending

French Economy Minister Roland Lescure revealed on Tuesday that the repercussions of the war on Iran and its impact on energy markets have cost France between 4 and 6 billion euros, as the government prepares to take urgent financial measures to deal with economic pressures. The minister explained in a statement to RTL radio that these losses include increased costs of government debt due to current market tensions, noting that the government will act to contain the effects of the crisis on public finances. Watch the full content on Echourouk Online.

Apr 21, 2026echoroukonline.com
Regulatory & Legal
Agreement between COSOB and the Institute for Research in Islamic Finance to Enhance Competencies

Agreement between COSOB and the Institute for Research in Islamic Finance to Enhance Competencies

The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) signed a cooperation agreement yesterday, Monday, with the Institute for Research and Training in Islamic Finance, aimed at enhancing capabilities in the field of Islamic finance by launching specialized training programs for financial sector professionals. This agreement focuses on preparing and organizing a training program leading to the certification of 'Islamic Financial Market Professionals', allowing participants to obtain accredited qualification certificates that enhance their competencies and support their readiness to meet the demands of this field. Read the full content on Echourouk Online.

Apr 21, 2026echoroukonline.com