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...
Financial Services
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Chapter | Banking & Financial Services from The Report: Algeria 2013
Interviews & Viewpoints | OBG talks to Abdelhakim Berrah, President, Commission for Stock Market Organisation and Supervision from
How would you explain the limited number of companies listed on the Algerian stock exchange?
Articles & Analysis | Market moves: The prospect of more private equity-driven IPOs is cause for optimism from
While still at an early phase of development, with few listed securities, Algeria’s capital markets are set to see a host of new listings. The exchange’s second initial public offering (IPO) of a private company took place in June 2013 (the first was in 2011), with several other firms expected to follow suit. The government is also working on a plan...
Interviews & Viewpoints | Mohammed Laksaci, Governor, Bank of Algeria, on the challenge of financing SMEs from
The main challenge for the Algerian economy over the next decade is to achieve greater economic diversification. High and broad-based productive investment is required now more than ever, particularly in sectors such as the manufacturing industries and tradeable services other than trade and transport. As in many other countries, in Algeria...
