THE COMPANY: Alliance Assurances is a joint stock company founded in December 2004 by a consortium of Algerian investors with an initial capital of AD500m (€4.7m); however, the company did not officially begin operations until 2006. In 2007, Alliance Assurances inaugurated a commercial development programme, which led to a 178%...
Algeria Financial Services
Displaying 73 - 78 of 116
Articles & Analysis | Insurance from The Report: Algeria 2014
Articles & Analysis | The industry is working to improve financing options from The Report: Algeria 2014
Access to finance can be difficult in any emerging market, as indicated by low levels of financial intermediation in the Middle East and Africa, and Algeria is no exception. For small businesses and households, which often face the greatest challenges in accessing credit, lending levels are low in Algeria, even by regional standards. Yet credit to the private sector has...
Chapter | Financial Services from The Report: Algeria 2014
The banking industry in Algeria is characterised by a high level of stability and ample liquidity, which owe much to the country’s robust hydrocarbons revenues. Lending to the economy has been growing strongly, albeit from a low base, and while intermediation rates are low, plans to relax a government ban on consumer credit and launch a new credit registry in 2015 should help facilitate more...
In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.
En Algérie, le secteur de l’assurance a réalisé un début d’année encourageant, enregistrant une forte croissance du volume des primes au premier trimestre 2014 et une progression encore plus importante en 2013, en raison notamment d’un rebond du segment de l’assurance vie suite à l’introduction d’importantes réformes et de projets du gouvernement portant sur l’introduction en bourse d’une partie d’une compagnie publique d’assurance.
Chapter | Banking & Financial Services from The Report: Algeria 2013
The banking sector is making steady progress as stability improves and economic growth continues. Banking assets grew by 8.6% in 2012 to AD9.78trn (€92.9bn), although branch access remains relatively limited, with only one bank per 28,000 inhabitants compared to one per 12,000 people in Morocco and one per 9000 in Tunisia. After years of high non-performing loan rates, the central bank is gaining...