Banking & Finance

Banks, financial services, lending, and fintech developments

Showing 37–48 of 665 articles
Banking & Finance
APS | مصارف ومالية

The market is almost stable at around 57.3 billion DZD during the first quarter of 2026, supported by car insurance

Algeria - The national insurance market achieved a turnover of 57.3 billion DZD during the first quarter of 2026, which is almost stable compared to the same period in 2025 (+0.2 percent), despite the strong performance of car insurance, takaful insurance, and international reinsurance activities, according to a situational note from the National Insurance Council.

Jul 1, 2026aps.dz
Banking & Finance
E-bourse

Bank of Algeria: interest rate ceiling reduced to 5% starting June 29, 2026

A stricter framework for interest rates on loans starting June 29. The Bank of Algeria has tightened the regulation of interest rates applied by banks and financial institutions. Through instruction n°06-2026 of June 29, 2026, amending instruction n°08-2016 regarding the conditions for setting excessive rates, the monetary institution halves the allowed tolerance margin for classifying a loan as 'excessive interest rate'. According to the new provisions, a loan will now be considered granted at an excessive interest rate when its rate...

Jul 1, 2026ebourse.dz
Banking & Finance
Benefits of consumer loans, housing, and leasing during the second half of 2026

Benefits of consumer loans, housing, and leasing during the second half of 2026

The Bank of Algeria issued a new memorandum regarding the determination of ceilings for excessive interest rates applied during the second half of 2026, as part of the implementation of the provisions of Instruction No. 06-2026 amending Instruction No. 08-2016 concerning the methods for determining excessive interest rates, aimed at enhancing the protection of borrowers and ensuring that banks and financial institutions do not exceed the permissible limits when granting loans. The bank clarified, in Memorandum No. 01-2026 issued by the General Directorate of Credit and Banking Regulation, which was reviewed by 'Echorouk', that these ceilings were determined based on the averages of the actual total interest rates reported by banks and financial institutions during the first half of 2026.

Jul 1, 2026echoroukonline.com
Banking & Finance
Insurance: The market is nearly stable at 57.3 billion DZD during Q1 of 2026, supported by car insurance

Insurance: The market is nearly stable at 57.3 billion DZD during Q1 of 2026, supported by car insurance

The national insurance market achieved a turnover of 57.3 billion DZD during the first quarter of 2026, which is nearly stable compared to the same period in 2025 (+0.2 percent), despite the strong performance of car insurance, takaful insurance, and international reinsurance activities, according to a situational note from the National Insurance Council. Damage insurance companies remain the main driver of the sector with an 80.2 percent share of total production, recording a decline of 1.4 percent for nearly 2.5 million contracts signed.

Jul 1, 2026radioalgerie.dz
Banking & Finance
Gold prices heading for worst quarterly performance in 13 years

Gold prices heading for worst quarterly performance in 13 years

Gold prices fell on Tuesday, heading for the worst quarterly performance in 13 years, amid rising concerns about inflation caused by the war in the Middle East. Gold dropped in spot transactions by 0.2 percent to $4008.94 per ounce, after earlier touching its lowest level since November 2025. View the full content on الشروق أونلاين

Jun 30, 2026echoroukonline.com
Regulatory & Legal
E-bourse

Extension until the end of 2026 for the domiciliation of invoices including freight charges

The Professional Association of Banks and Financial Institutions (ABEF) announced the extension, until December 31, 2026, of the exceptional authorization granted to banks for the domiciliation of import invoices including freight charges. In a correspondence addressed to the general managers of banks, dated June 28, 2026, ABEF indicates that it has been contacted by the services of the Ministry of Foreign Trade and Export Promotion regarding this measure, initially implemented as an exception. This decision thus allows establishments...

Jun 30, 2026ebourse.dz
Banking & Finance
Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

The Bank of Algeria has issued a new directive regarding the methods for determining excessive interest rates on loans, which took effect immediately upon issuance. The directive number 06-2026 dated June 29, 2026, amends directive number 8-2016 dated September 1, 2016, concerning the methods for determining excessive interest rates on loans. According to the first article of the text of the directive published by the Bank of Algeria, …

Jun 30, 2026al24news.dz
Regulatory & Legal
Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Interest becomes excessive if it exceeds the market average by more than 5 percentage points. The decision amends instruction 08-2016 regarding the determination of excessive interest rates in a step aimed at recalibrating the legal framework governing the calculation of excessive interest on bank loans. The Bank of Algeria issued a new instruction that modifies the provisions of the instruction in force since 2016, clarifying the reference standard used for classifying loans with excessive interest rates, and establishes the total effective interest rate as the main criterion for measuring the cost of financing. The Bank of Algeria issued instruction number 06-2026, dated June 29, 2026, signed by the bank governor, Mohamed Amine Labou, to amend instruction number 08-2016.

Jun 30, 2026echoroukonline.com
Regulatory & Legal
No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

No Exceeding This Ceiling.. Bank of Algeria Sets Limits on Excessive Loan Interest!

The Bank of Algeria has issued a new directive amending the provisions for determining excessive interest rates on loans, signed by the bank's governor, Mohamed Amine Labou, aimed at recalibrating the regulatory framework for pricing bank loans and enhancing borrower protection from inflated interest rates. The directive No. 06-2026, dated June 29, 2026, relates to the amendment of directive No. 08-2016 issued on September 1, 2016, concerning the methods for determining excessive interest rates, which came into effect from the date of its signing. Read the full content on Echourouk Online.

Jun 30, 2026echoroukonline.com
Regulatory & Legal
Immediate Compensation for Car Accidents Comes into Effect

Immediate Compensation for Car Accidents Comes into Effect

The regional fund for agricultural cooperation in Algiers has launched a new service in the field of car insurance that allows policyholders to receive compensation on the same day the accident is reported, as part of a program aimed at speeding up file processing and modernizing insurance services, according to a statement from the National Fund for Agricultural Cooperation. The statement clarified that the new mechanism, named “PV Minute,” is now available at all regional fund agencies in Algiers, after being implemented for the first time at the regional fund for agricultural cooperation in...

Jun 30, 2026echoroukonline.com