Banks, financial services, lending, and fintech developments
In order to address the severe economic shocks caused by the escalation of the conflict in the Middle East, the board of directors of the
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The Stock Exchange Operations and Monitoring Committee (COSOB) received today, Tuesday in Algiers, the resident representative of the World Bank Group in Algeria, Jamila Hajbayoglu Jirin, where both sides discussed ways to enhance bilateral cooperation, particularly in the areas of modernizing the financial market and developing alternative financing mechanisms, according to a statement from the committee. During this meeting, the committee's president, Youssef Bouzenada, presented a detailed overview of the key regulatory reforms recorded since 2023, aimed at modernizing the financial market, which resulted in a 'notable improvement in the activity of the Algerian financial market compared to previous years.'
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Algeria - Economic and legal experts highlighted today, Monday, the importance of the legal measures taken by Algeria to recover its embezzled and smuggled funds and properties abroad, considering it a 'result of a rigorous effort by state institutions.'
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The National Company for Recovery and Valorization (SNRV) signed a partnership agreement with the Algerian Company for Insurance and Reinsurance (La CAAR) to enhance the insurance system and support performance sustainability, under the supervision of the CEO of SNRV, Abdelhak Bouzahi, and in the presence of Ammar Maslouh, the CEO of La CAAR. According to a statement from the institution, the signing ceremony was attended by Lahcen Ben Kheda, the Deputy General Manager, and the central directors from the SNRV side, along with the Assistant Technical General Manager, the insurance broker, and the Central Director of Mediation Affairs from La CAAR. View the full content on Echourouk Online.
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In an effort to facilitate banking procedures related to the import of pharmaceutical raw materials, the authorities have decided to abolish the requirement for a pharmaceutical control certificate within the banking settlement file, which constitutes a practical step to simplify the administrative process and expedite the processing of import operations, especially for pharmaceutical manufacturing companies. This measure aims to reduce the time required for file review at banks and lessen the required documentation, allowing for faster financing of imports and ensuring greater fluidity in supplying factories with raw materials, in line with the state's direction towards supporting local production and enhancing pharmaceutical security. Supporting the fluidity of supplying factories with raw materials and expediting file reviews.
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Trade exchanges between Algeria and the United Kingdom exceed 2.77 billion dollars during 2025.
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The commission for the organization and supervision of stock market operations (COSOB) has just developed two new instructions aimed at strengthening transparency.
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Algeria - The Algerian insurance market achieved a turnover of 200.5 billion DZD in 2025, marking an increase of 8.8 percent compared to 2024, according to a situational note from the National Council for Insurance.
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The Commission for the Regulation and Supervision of Stock Exchange Operations (COSOB) issued two new instructions aimed at enhancing transparency in the financial market on Thursday, according to a statement from the institution itself.
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The Algerian insurance market achieved a turnover of 200.5 billion DZD in 2025, marking an increase of 8.8 percent compared to 2024, according to a situational note from the National Insurance Council.
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In the context of efforts to modernize the national maritime sector, GTS, a specialized office in the field, has retained as
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Bank 'Al Salam Algeria' organized a specialized training course in Islamic microfinance on March 31 and April 1, 2026, in Ouargla, benefiting 25 artisans from the 'Harfati' product, under a grant from the Islamic Development Bank. This program is part of a series of initiatives aimed at empowering small project owners, including practical training and field support, following a successful previous experience in Ghardaïa that benefited more than 100 women active in home economics, reflecting the program's impact on enhancing financial inclusion and increasing the capacities of local economic groups. 25 artisans benefit in Ouargla.. and 100 women have achieved their projects in Ghardaïa. Read the full content on Echourouk Online.
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