Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Local Development Bank Announces 50% Reduction on Consumer Loans During Ramadan

Local Development Bank Announces 50% Reduction on Consumer Loans During Ramadan

The Local Development Bank announced today, Saturday, in a statement, an exceptional 50% reduction on the absolute profit margin on consumer loans according to Islamic banking, aimed at purchasing electrical and electronic appliances, during the month of Ramadan. These loans, which comply with the 'consumer Murabaha' formula, benefit from an 'exceptional reduction of 50% on the profit margin, which decreases from 8.5% to 4.25%, allowing citizens to finance their projects under more favorable conditions,' according to the public bank that is launching this initiative for the second consecutive year.

Feb 21, 2026radioalgerie.dz
Economic Policy
China: IMF Maintains Its GDP Forecast for 2026

China: IMF Maintains Its GDP Forecast for 2026

The International Monetary Fund has kept its economic growth forecast for China at 4.5 percent this year, noting in its annual review of the Chinese economy for 2025 that there are risks of weak domestic demand and a slowdown in the global economy. The Fund confirmed that real GDP grew by 5 percent in 2025, achieving China's official growth target for this year, while continuing...

Feb 20, 2026al24news.dz
Technology & Digital
In detail.. This is how electronic payment figures came in Algeria for 2025

In detail.. This is how electronic payment figures came in Algeria for 2025

Electronic payment in Algeria witnessed significant growth in 2025, with the value of online transactions increasing by 179%, and payments through electronic payment devices doubling, while reliance on mobile payment rose by 29%. According to data from the cash machine collection, the figures are as follows: Read the full content on الشروق أونلاين

Feb 19, 2026echoroukonline.com
Regulatory & Legal
APS | مصارف ومالية

Insurance: Governance and Financial Solvency Focus of Seminar in Algiers

Algiers - A seminar was held yesterday, Tuesday, in Algiers, bringing together experts and stakeholders in the insurance sector, focusing on the importance of enhancing governance mechanisms within insurance companies to ensure their financial sustainability and improve their performance, amid the regulatory and economic transformations the sector is experiencing.

Feb 18, 2026aps.dz
Trade & Exports
China Records Current Account Surplus Last Year

China Records Current Account Surplus Last Year

China's current account recorded a surplus of $734.9 billion in 2025, confirming China's position as the world's largest exporting country despite trade tensions. This was shown by data from the State Administration of Foreign Exchange in China released today, Wednesday. The capital account and financial account recorded a deficit last year of $760.2 billion after netting...

Feb 18, 2026al24news.dz
Banking & Finance
744.45 billion dinars is the market value of the Algerian Stock Exchange in 2025

744.45 billion dinars is the market value of the Algerian Stock Exchange in 2025

The Algerian Stock Exchange recorded significant growth in its performance during 2025, with a market value of 744.45 billion dinars at the end of the year, an increase of 42.70 percent compared to 2024. The trading value in the secondary market also rose by 444 percent to reach 15.02 billion dinars compared to 2.76 billion dinars in 2024, while the annual trading volume surged by 498 percent, recording 7.78 million traded securities compared to 1.3 million securities in the previous year. In the context of market expansion, the Chairman of the Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada, revealed during a meeting dedicated to presenting the semi-annual report for 2025 that five institutions are currently showing interest in listing on the stock exchange.

Feb 18, 2026echoroukonline.com
Banking & Finance
Electronic payment in Algeria continues to grow in 2025 supported by the public services sector

Electronic payment in Algeria continues to grow in 2025 supported by the public services sector

Electronic payment in Algeria grew by 46 percent during the past year 2025, driven particularly by the adoption of this payment method by many public administrations to facilitate access to their services. According to the latest report from the Automated Cash Gathering, the total value of electronic payments (via electronic payment devices, online, and mobile phones) reached 939 billion DZD in 2025, compared to 643.8 billion DZD in 2024.

Feb 18, 2026radioalgerie.dz