Banking & Finance

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Regulatory & Legal
Strict Regulatory Measures Against Banks Delayed in Localizing Export Operations

Strict Regulatory Measures Against Banks Delayed in Localizing Export Operations

The Bank of Algeria reminded licensed bank managers in a letter on Tuesday that all export operations for goods and services must be localized within a maximum 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 the central bank's memo. Read the full content on الشروق أونلاين.

Jul 28, 2026echoroukonline.com
Banking & Finance
Algerian Popular Credit Launches Visa Card for Currency Exchange for Travelers

Algerian Popular Credit Launches Visa Card for Currency Exchange for Travelers

Algeria - The Algerian Popular Credit announced the launch of the CPA VISA Classique international card (a card dedicated to benefiting from the currency exchange right) which is a new banking product aimed at travelers, allowing them to benefit from the currency exchange right for travel abroad in accordance with applicable regulations. In a statement yesterday, Monday, the bank clarified that this card is exclusively dedicated to the amount granted under the currency exchange right for travel abroad.

Jul 28, 2026aps.dz
Regulatory & Legal
Banks are required to localize export operations within a maximum of 48 hours

Banks are required to localize export operations within a maximum of 48 hours

The Bank of Algeria issued a memorandum today, Tuesday, directing banks to localize all export operations of goods and services within a maximum of 48 hours. This starts from the date of receiving a complete file, as part of the measures taken to promote and facilitate exports. The Bank of Algeria emphasized the need to strictly adhere to this deadline. It noted that 'any unjustified delay exposes the concerned bank to strict supervisory measures in accordance with the applicable regulatory provisions.'

Jul 28, 2026radioalgerie.dz
Banking & Finance
Changes at the Helm of Banks and the Return of the CEO Position

Changes at the Helm of Banks and the Return of the CEO Position

The appointments included, in phases, the National Bank, the External Bank, and the National Savings and Reserve Fund, aiming for unified leadership and faster decisions, as well as reducing decision-making timelines. The Ministry of Finance is opening a new chapter in the management of public banks, after it began adopting the position of CEO instead of General Manager and Chairman of the Board in banks, marking the first change of its kind in the governance model within public banking institutions in 5 years, since 2021. This transformation has so far included the appointment of Mustafa Ben Alqama as CEO of the Algerian National Bank, Hosni Ben Abbas as CEO of the Algerian External Bank, and Kahina Bougdir as CEO of the National Savings and Reserve Fund.

Jul 26, 2026echoroukonline.com
Banking & Finance
Officially... Withdrawal of 750 Euros from ATMs abroad is possible

Officially... Withdrawal of 750 Euros from ATMs abroad is possible

The service is available for holders of Islamic accounts for payments in hotels, restaurants, stores, and other online purchases allowed during their stay abroad. It is possible to fund parents' cards from children's accounts. Algerian banks have started announcing the details of the new currency exchange right as it comes into effect, revealing unprecedented services and facilities for travelers abroad. In addition to clarifying the procedures for benefiting from the tourism grant, banking institutions officially confirmed that international bank cards allow their holders to withdraw from ATMs abroad, and to pay at millions of stores, hotels, and restaurants, and to carry out online purchases linked to...

Jul 24, 2026echoroukonline.com
Banking & Finance
ECOTIMES

Mohamed Krim, management consultant and former bank CEO: "This is not a change in doctrine regarding debt"

Afreximbank announced the release of 200 million dollars in favor of Shoreline and Arkad SpA, and CEPSA tasked with executing part of the 980 million dollar contract with SONATRACH for the HBR project in Algeria. What does this concretely mean for Algeria? Is it a form of external financing for the country? Mohamed Krim: The announcement from Afreximbank does not mean that Algeria has benefited from a loan of 200 million dollars nor that SONATRACH has incurred debt with this institution. It is financing granted to Shoreline and Arkad SPA, the companies tasked with...

Jul 23, 2026ecotimesdz.com
Banking & Finance
ECOTIMES

Evolution of banks in 2025: Rush for Treasury bonds

It should be noted that in 2024, private banks had invested 620 billion dinars in Treasury bonds. How can we explain this rush and the growth of Treasury bonds in the portfolios of private banks? "We observe a very significant evolution in recent years: private banks are increasingly involved in trading public securities. This activity now represents an important source of their revenues and characterizes a very significant evolution of the business models that are already deployed by private banks," analyzes Rachid Sekak. He adds that ...

Jul 23, 2026ecotimesdz.com