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%...
Financial Services
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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.
Sarawak’s small and medium-sized enterprises (SMEs) are on course for strong growth this year as more companies tap into spin-off projects engendered by larger players’ investments in the state’s special economic zone.
Economic update | Mongolia banks under pressure
23 Dec 2014
Banks in Mongolia are facing weaker profits this year as one of Asia's fastest growing economies cools, triggering a downpour of higher borrowing costs and an increase in non-performing loans, while credit rating agencies are watching the banks' vulnerability to China's continued economic slowdown.