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May 3, 2023 | 2 years ago
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Officially approved by the monetary authorities
in December 2022, the National Housing Bank, with a share capital of 80 billion
dinars, will be able to carry out all forms of authorized banking operations,
including those intended to finance the implementation of various housing
programs.
At the same time, the national banking sector
will also see a strategic strengthening of its role at the international scale,
namely through the entry into operation, expected at the end of the current
semester, of two first branches of Algerian public banks abroad, in this case
those located in Nouakchott and Dakar, to serve the African market, pending the
approval of other agencies, in particular the one planned in France to promote
Algerian exports to European markets.
Thus, the planned launch of the activities of
the two largest Algerian banks in Africa at the end of June should constitute a
new key factor in facilitating the act of exporting and thus contribute to
achieving the expected objectives in terms of accelerating the development of
the country’s non-hydrocarbon exports.
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