Internet and mobile banking in Algeria are still in the early stages of development, but market observers see these technologies as having great potential to improve financial inclusion if the relevant legal, regulatory and logistical frameworks are put in place.
TAX ANALYSIS: The Algerian tax system is structured and governed through five key tax codes:
Algerian investment law, under its reframed policy published in August 2016, is deemed to be a general frame of legislation, the purpose of which is to define the general policy of investment for both foreign and local investors. Among the key changes made to the investment law was the removal of the pre-emption right and the limitation of...
Capital markets represent a financing alternative for Algerian companies, especially considering the current economic trend marked by a decrease in liquidity and foreign currency reserves. The stock market will simultaneously provide non-inflationary financing means to economic agents and have better savings yields.
Algeria’s banking sector has held up relatively well despite recent macroeconomic weakness. Credit growth remained in positive territory through the first three quarters of 2017, albeit having slowed from the double-digit rates seen prior to 2016. Lenders are capitalised well in excess of Basel III norms, while profitability remains high,...
What opportunities does the diversification of the Algerian economy present for the sector?
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