Banks, financial services, lending, and fintech developments
Algeria - Both the National Fund for Savings and Reserve-Bank (CNAP-Bank) and Cash Insurance Company announced in a joint statement the generalization of the marketing of the natural disaster product 'Cat Nat' and the multi-risk housing insurance product 'M A' across all bank agencies nationwide, effective from today, Wednesday.
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Oil prices fell at settlement yesterday, Tuesday. Brent for June delivery dropped by $3.42 to $103.97 per barrel, and May futures for Brent fell by $5.57, or 4.94%, to settle at $118.35 per barrel. West Texas Intermediate futures dropped by $1.50, or 1.46%, to $101.38.
radioalgerie.dz
Takaful is the fastest growing branch of insurance... an increase of 84 percent to 1.4 billion dinars, 36,000 new car contracts in 2025, and digitization raises accident reports. The insurance market in Algeria has achieved an unprecedented leap, surpassing for the first time the threshold of 200 billion dinars, stabilizing at 200.5 billion dinars by the end of 2025, with a remarkable growth of 8.8 percent. Amid this performance, Takaful insurance emerged as one of the most exciting surprises, achieving an explosive growth rate of 84.3 percent in just one year, despite the novelty of this activity and its limited size. However, in contrast, the number of reported files and accidents rose to more than 1.26 million files, while the value of reports recorded a sharp decline of 16.6 percent...
echoroukonline.com
Bank 'Al Baraka Algeria' has announced the enhancement of its initiatives to support professionals through a new and comprehensive financing offer based on two aspects: financing for exploitation and investment for economic operators, which includes several advantages and incentives. A statement from the bank specialized in Islamic banking, which 'Echorouk' received a copy of, indicated that as part of its strategy aimed at developing the national economy and supporting its actors, Bank 'Al Baraka Algeria' announces the launch of a new financing offer dedicated to professionals, divided into two solutions: 'Exploitation Pro' financing and 'Investment Pro' financing. The source pointed out that this offer comes within a comprehensive approach to support professionals, including a current account and a CIB interbank card for businesses, as well as various digital services.
echoroukonline.com
Algeria - The Committee for Organizing and Monitoring Stock Exchange Operations "KOSOUB" has been organizing a training course for journalists since yesterday, Monday, in Algiers, focusing on alternative financing mechanisms, particularly through the financial market, with the aim of enhancing the role of economic media in disseminating reliable financial information.
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7 training sessions and 42 hours of qualification for auditors across 13 national hubs. A delegation from the Financial Action Task Force is expected in April to assess reforms as part of its efforts to quickly exit the FATF's grey list. Indicators confirm that Algeria has made significant progress in drying up money laundering channels and tightening monitoring and oversight mechanisms, shifting its current focus to horizontal and vertical training for various stakeholders, including judges, accountants, auditors, economic operators, and legal professionals. This transformation aims to unify practices, enhance compliance levels, and establish a culture of prevention, ensuring effective and sustainable application of standards.
echoroukonline.com
Gold prices rose by about 45 dollars during trading on Monday, continuing to gain for the second consecutive session as the U.S. dollar index declined. Contract prices increased.
iqtissadalbalad.dz
The Algerian insurance market has crossed, for the first time in its history, the symbolic threshold of 200 billion.
ecotimesdz.com
AL24 News - Brent crude at $110.17 per barrel - news
al24news.dzAL24 News - Increased demand for the dollar amid uncertainty in Middle East talks - news
al24news.dz
Algeria - The Algerian company for insurance and export guarantees (CAGEX), active in the field of export credit insurance, intends to strengthen its presence on the African continent this year by establishing itself through Algerian banks in both Mauritania and Senegal, in order to ensure optimal support for Algerian exporters, as announced today Thursday by the company's CEO, Zouheir Laich.
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Algeria - The Ministry of Finance announced today, Thursday, in a statement, the extension of the subscription deadlines for sovereign sukuk of the Ijara type until April 30, with the aim of expanding the participation base and enabling the largest number of investors, whether institutions or individuals, to contribute to this important financial initiative.
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