Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
Algerian Insurance Company Raises Its Capital to 40 Billion Dinars

Algerian Insurance Company Raises Its Capital to 40 Billion Dinars

The Algerian Insurance Company has raised its capital from 35 billion dinars to 40 billion dinars by integrating reserves, reflecting the strength of its financial position and enhancing its ability to meet obligations in the fields of insurance and reinsurance. The company stated in a statement issued yesterday, Thursday, that this decision was approved during the extraordinary general assembly held on June 15, coinciding with the ordinary general assembly dedicated to approving the financial statements for the year 2025. Read the full content on Echourouk Online.

Jul 31, 2026echoroukonline.com
Banking & Finance
Banks are 'obliged' to simplify account opening procedures and all banking services

Banks are 'obliged' to simplify account opening procedures and all banking services

In order to enable families to access banking products and services, and to contribute to achieving financial inclusion, banks and financial institutions must take all necessary measures to ensure the prompt and appropriate response to their customers' needs. For this purpose, banks and financial institutions are particularly committed to the following: Read the full content on الشروق أونلاين The post Banks are 'obliged' to simplify account opening procedures and all banking services appeared first on الشروق أونلاين.

Jul 30, 2026echoroukonline.com
Banking & Finance
Bank of Algeria Calls on Banks to Facilitate Access to Banking Services for Families

Bank of Algeria Calls on Banks to Facilitate Access to Banking Services for Families

The Bank of Algeria issued a memorandum to banks and financial institutions requiring them to take all necessary measures to facilitate families' access to banking products and services, as part of enhancing financial inclusion. The memorandum No. 03 issued by the General Directorate of Credit and Banking Regulation on Wednesday, July 29, 2026, aims to enhance families' access to banking products and services and contribute to the development of financial inclusion by obliging banks and financial institutions to ensure a quick and tailored response to their clients' needs.

Jul 30, 2026radioalgerie.dz
Banking & Finance
Algerian Insurance Company Increases Its Capital to 40 Billion Dinars

Algerian Insurance Company Increases Its Capital to 40 Billion Dinars

The Algerian Insurance Company announced today, Thursday, an increase in its capital from 35 to 40 billion dinars. The company stated in a press release that the capital increase will be achieved through the integration of reserves, considering the decision as a reflection of its strong financial position. It noted that the step was formalized on June 15 following the holding of an extraordinary general assembly.

Jul 30, 2026radioalgerie.dz
Banking & Finance
Finances: Why French banks remain in Algeria

Finances: Why French banks remain in Algeria

Société Générale, Bnp Paribas and Crédit Agricole have disengaged from Africa for various reasons: cost reduction, risk minimization, strengthening of equity. In Algeria, the first two banks display ratios that indicate their solidity and good financial health.

Jul 30, 2026ecotimesdz.com
Banking & Finance
"Visa cards" at zero euros in competition among Algerian banks!

"Visa cards" at zero euros in competition among Algerian banks!

Contactless and secured cards focusing on deadlines and costs to attract customers. New formations and diversification between classic, gold, platinum, and signature cards. Algerian banks have entered an unprecedented race to attract travelers abroad, following the implementation of the new system to benefit from the tourist currency exchange right of 750 euros for adults and 300 euros for minors. They rushed to launch new international bank cards, offering unprecedented facilities, the most notable being the cancellation of the requirement to deposit amounts in hard currency, reducing card issuance deadlines, and expanding customer options between "Visa" and "MasterCard" cards. Banks are competing to attract the largest number of customers through promotional offers...

Jul 28, 2026echoroukonline.com
Regulatory & Legal
Localization of all goods and services export operations within 48 hours

Localization of all goods and services export operations within 48 hours

The Bank of Algeria reminded in a letter to the directors of accredited banks on Tuesday that all goods and services export operations must be localized within a maximum period of 48 hours from the date of receiving a complete file. Banks are required to 'prioritize export files by simplifying their internal processing pathways while ensuring strict adherence to the mentioned deadline,' according to a memorandum from the central bank. The memorandum emphasized that 'any unjustified delay exposes the concerned bank to strict supervisory measures in accordance with the applicable regulatory provisions.' In addition to adhering to file processing deadlines, the Bank of Algeria stressed the need to 'enhance oversight in the field of foreign trade by ensuring the legality and compliance of the...

Jul 28, 2026echoroukonline.com