What can be done to widen the base of investors in the Bourse d’Alger?
Algeria Financial Services
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Interviews & Viewpoints | OBG talks to Mustapha Ferfera, Director, Bourse d’Alger from The Report: Algeria 2012
Articles & Analysis | Changing technology: Banks are moving towards increased online services from The Report: Algeria 2012
which hinders the development of mobile e-banking and restricts wider internet penetration. In neighbouring Morocco, for example, internet penetration has increased rapidly since 3G was launched and the majority of internet subscriptions are now via 3G. The percentage of Algerians using the internet in 2011 stood at just 14%, according to International Telecommunications...
High levels of liquidity and a total loan book that accounts for just half of deposits characterise the Algerian banking sector. The industry remains dominated by publicly owned banks, which constitute around nine-tenths of deposits and loans, though foreign-backed private banks are major players in trade finance and are highly profitable. Penetration is roughly in line with neighbouring...
Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Publicly owned insurance firms dominate the sector and held a market share of 70.2% in the first quarter of 2012. Accounting for 91.4% of the total in 2011, property and casualty products make up the majority of premiums, while the life market share stood at 7.6...
Chapter | Capital Markets from The Report: Algeria 2012
Operational since 1999, the Algerian stock exchange, Bourse d’Alger, is characterised by low levels of activity and liquidity, with just three equities and two corporate bonds currently listed and government bonds accounting for over 90% of trading. The total volume of transactions on the bourse was €36.8m in 2011, down from €47.8m in 2010. Trading of government bonds accounted for €33.7m of this...
Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.