Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
New agreements with all banks to grant loans exceeding 50 billion dinars

New agreements with all banks to grant loans exceeding 50 billion dinars

The Director General of the Loan Guarantee Fund for Small and Medium Enterprises, El Hadi Tamam, announced the signing of agreements with all licensed banks in Algeria to grant loans exceeding 50 billion dinars, with a guarantee of up to 70 percent to cover the risks borne by the banks. Tamam confirmed, during his appearance on the Multimedia Economy program on Algerian Radio, that the fund has provided loan guarantees exceeding 170 billion dinars since its inception, while the total value of funded projects has surpassed 60 billion dinars, creating 130,000 job positions. Watch the full content on Echourouk Online.

Mar 2, 2026echoroukonline.com
SMEs & Local Business
اقتصاد | الإذاعة الجزائرية

Hadi Tamam: We have signed agreements with all banks to grant loans exceeding 50 billion dinars

Hadi Tamam, the General Director of the Loan Guarantee Fund for Small and Medium Enterprises, confirmed that the fund is continuing to support small and medium enterprises, whether in the establishment phase or in the expansion phase, after the fund's activities were previously limited to medium-term investments or commercial loans. Hadi Tamam, who was a guest on the Multimedia Economy program, added that the fund has signed agreements with all accredited banks in Algeria to grant loans exceeding 50 million dinars with a guarantee not exceeding 70 percent, which is a significant rate to cover the risk borne by the bank.

Mar 1, 2026radioalgerie.dz
Regulatory & Legal
700 trillion… Debts attract the attention of those concerned with 'tax reconciliation'

700 trillion… Debts attract the attention of those concerned with 'tax reconciliation'

The total outstanding collections at the tax administration as of December 31, 2023, reached approximately 7.622,644 trillion dinars, of which 6.991,206 trillion dinars are tax debts. This comes at a time when the government announced a tax reconciliation allowing debtors to settle their situation by paying only 8 percent of their debts, along with other exemptions extending until December 31 of the upcoming year. According to a report issued by the Finance and Budget Committee of the National People's Assembly, related to the budget settlement project for the year 2023, outstanding collections and tax debts in Algeria continue to rise, posing a growing burden on public finances, with total accumulated debts at the tax administration reaching approximately 7.622,644 trillion dinars as of December 31, 2023, and...

Feb 28, 2026echoroukonline.com
Energy & Hydrocarbons
Rising Oil Prices Boost Algeria's Revenues, Brent Set to Reach $80

Rising Oil Prices Boost Algeria's Revenues, Brent Set to Reach $80

Algeria has gained additional financial benefits as oil prices rose to around $72 per barrel, an increase of $12 from the reference price set in the 2026 finance law at $60 per barrel. Barclays Bank has suggested the possibility of Brent crude rising to $80 in the event of significant disruptions in global supplies. The current price level means direct support for oil revenues, with expectations of further increases in revenues if the bank's estimates are realized, which could raise the difference to about $20 additional per barrel compared to the reference used in the budget. Read the full content on الشروق أونلاين.

Feb 28, 2026echoroukonline.com