Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Rziq chairs a coordination meeting with banks and financial leasing companies

Rziq chairs a coordination meeting with banks and financial leasing companies

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.

Apr 15, 2026radioalgerie.dz
Banking & Finance
Local Development Bank: Increase in financing value to over 1400 billion DZD by 2025

Local Development Bank: Increase in financing value to over 1400 billion DZD by 2025

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.'

Apr 15, 2026radioalgerie.dz
Regulatory & Legal
Two Agreements to Strengthen the Fight Against Financial Crimes in Algeria

Two Agreements to Strengthen the Fight Against Financial Crimes in Algeria

On Tuesday, the General Directorate of Taxes signed two cooperation agreements with both the National Gendarmerie and the Central Office for the Suppression of Corruption, as part of enhancing coordination between the bodies responsible for combating economic and financial crime, money laundering, and terrorism financing, and supporting efforts to protect the national economy and establish transparency. According to a statement from the directorate, the signing ceremony was supervised by Finance Minister Abdel Karim Boualzerd, Justice Minister Hafidh Al-Akhtam Lotfi Boujemaa, and the Secretary General of the Ministry of National Defense, Major General Mohamed Salah Ben Beicha, in the presence of the National Gendarmerie Commander, Major General Broman Sid Ahmed, at the Ministry of Finance headquarters. Watch the full content on Echourouk Online.

Apr 14, 2026echoroukonline.com
Regulatory & Legal
Rziq discusses with banks the facilitation of localization and ensuring the smooth flow of foreign trade

Rziq discusses with banks the facilitation of localization and ensuring the smooth flow of foreign trade

The Minister of Foreign Trade and Export Promotion, Professor Kamal Rziq, chaired a working meeting with representatives of the Professional Association of Banks and Financial Institutions, dedicated to discussing the concerns of economic operators, particularly regarding the banking localization processes related to import programs for the first half of the current year, in order to ensure the proper functioning of foreign trade and facilitate procedures for institutions. According to a statement from the relevant ministry, the meeting, held yesterday Monday at the ministry's headquarters, was attended by the General Commissioner of the Professional Association of Banks and Financial Institutions, Rachid Belaid, along with officials from the ministry and representatives from the banking sector. Read the full content on Echourouk Online.

Apr 14, 2026echoroukonline.com
Banking & Finance
Rziq chairs a meeting with representatives of the Professional Association of Banks and Financial Institutions

Rziq chairs a meeting with representatives of the Professional Association of Banks and Financial Institutions

Algeria, April 13, 2026 (APS) - The Minister of Foreign Trade and Export Promotion, Kamel Rziq, chaired a working meeting today, Monday, with a delegation from the Professional Association of Banks and Financial Institutions, led by the General Commissioner of the Association, Rachid Belaid, to discuss several concerns of economic operators, particularly those related to banking localization, according to a ministerial statement.

Apr 13, 2026aps.dz
Regulatory & Legal
Foreign Trade: Rzig Chairs Meeting with Representatives of the Professional Association of Banks and Financial Institutions

Foreign Trade: Rzig Chairs Meeting with Representatives of the Professional Association of Banks and Financial Institutions

The Minister of Foreign Trade and Export Promotion, Kamel Rzig, chaired a working meeting today, Monday, with a delegation from the Professional Association of Banks and Financial Institutions, led by the General Commissioner of the Association, Rachid Belaid, to discuss several concerns of economic operators, particularly those related to banking localization, according to a ministerial statement. This meeting took place at the ministry's headquarters, in the presence of its officials and representatives from the banking sector, according to the same source.

Apr 13, 2026radioalgerie.dz