Banks, financial services, lending, and fintech developments
Algeria - The National Savings and Investment Fund-Bank announced today, Thursday, the launch of a new savings scheme aimed at individuals under the name 'Epargne Progress', which allows for returns on deposits while maintaining the ability to withdraw funds at any time.
aps.dz
Algeria - The Minister of Finance, Mohamed Lamine Lboud, today Thursday in Algiers, oversaw the handover ceremony to Mohand Bouraï, who was appointed as the Governor of the Bank of Algeria, succeeding him.
aps.dz
Mohand Bouraï assumed his duties as the new Governor of the Algerian Central Bank on Thursday, September 3, succeeding Mohamed Lamine Labo, who was appointed Minister of Finance in the recent partial cabinet reshuffle. Finance Minister Mohamed Lamine Labo oversaw the inauguration ceremony of Bouraï in his new position as Governor of the Bank of Algeria. Read the full content on Echourouk Online.
echoroukonline.com
The National Savings and Reserve Fund – Bank, today Thursday, launched a new savings scheme aimed at individuals under the name 'Savings Progress'. According to the fund's statement, the scheme allows for returns on deposits while maintaining the ability to withdraw funds at any time. This scheme is based on a mechanism of progressive returns, with an interest rate that increases according to the level of savings achieved, in line with the applicable scale. The fund stated that the accrued interests are calculated and paid quarterly.
radioalgerie.dz
Takaful companies with full powers and new windows enter the competition. Sukuk opens new horizons for Takaful insurance to invest its surpluses. The use of digitization and artificial intelligence reduces compensation periods. The Takaful insurance market in Algeria is expanding with the entry of new offers, an increase in the number of agencies, and the opening of subscriptions through banks, allowing customers to find multiple options between property and life insurance and other products, whether in Takaful or traditional forms. Hassen Khalifati, a member of the Algerian Federation of Insurance and Reinsurance Companies, stated to 'Echorouk' that Takaful insurance activity is witnessing significant development, and this type of insurance is starting to find its place in the market, especially with the increasing acceptance...
echoroukonline.com
Mr. Mohamed Lamine Labo officially took office as Minister of Finance today, Wednesday, succeeding Abdel Karim Boualzerd, following the partial cabinet reshuffle carried out by the President of the Republic, Mr. Abdelmadjid Tebboune, yesterday, Tuesday. The handover ceremony took place at the ministry headquarters, attended by the Director General of Customs, General Abdelhafid Bekhouch, ministry officials, and heads of institutions under supervision.
radioalgerie.dz
The price of gold fell today, Wednesday, to its lowest level in over three weeks as investors await U.S. jobs data. Gold dropped in spot transactions by 0.6 percent to $4304.01 per ounce, the lowest level since August 7, heading for a fourth consecutive session of losses, and remained below its 200-day moving average, a closely watched technical level.
radioalgerie.dz
Public authorities have approved a new review of the standards and rates for mandatory insurance against the risks of natural disasters, particularly earthquakes, by determining the contribution rates to be paid based on the seismic zone in which the property is located and the compliance of the building with Algerian earthquake resistance standards. The new decision was published in the official journal reviewed by 'Echorouk', amending and supplementing the decision dated October 31, 2004, concerning the standards and rates applied in the field of insurance against natural disaster risks. The tables attached to the decision reveal the adoption of a new pricing system that takes into account the degree of seismic risk, the strength of the building, and its compliance with earthquake-resistant construction rules.
echoroukonline.com
Analysis of the S1 2026 report from COSOB by Nazim Sini: consolidation, new issuers, liquidity, and prospects for the Algiers Stock Exchange
ecotimesdz.com
'Housing Bank': Knowing the customer is an ongoing process, not a temporary one. 'National Bank' regularly updates files. 'CNAP Bank' generalizes verification procedures. Algerian banks continue to clarify the procedures of the 'Know Your Customer' system for their clients, after starting to audit the identities and files of customers and calling for the updating of personal and banking information. The process is no longer limited to collecting documents and completing files, but aims to ensure that banks have accurate and updated information about the customer's identity, personal and professional status, and the nature of their activity, which allows for enhancing the security of accounts and transactions and improving the quality of banking services. According to data received by 'Echorouk', several banking institutions have intensified awareness operations regarding this system.
echoroukonline.com
The Professional Association of Banks and Financial Institutions sent a letter to the heads and general managers of banks, containing new clarifications regarding the import files for its own account, related to management and equipment, for the first half of 2026, based on a letter issued by the Ministry of Foreign Trade and Export Promotion dated August 26. The letter, numbered 606/2026, specifies the validity periods for the estimated import programs related to management, clarifying the cases in which bank settlement procedures can continue after the specified period for these programs has ended. According to the document reviewed by 'Echorouk', the validity of the estimated import programs for management for the first half...
echoroukonline.com
COSOB granted several approvals and visas in the first half of 2026, including three stock issues for 1.19 billion DA.
ecotimesdz.com