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CNEP Banque-FGAR: agreement signed to guarantee operating loans for SMEs

On Tuesday in Algiers, CNEP-Banque and the SME Credit Guarantee Fund (FGAR) signed an agreement providing guarantees for operating loans granted to small and medium-sized enterprises (SMEs), the state-owned bank announced in a press release.

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This agreement covers FGAR's coverage of operating loans granted by CNEP-Banque to SMEs through guarantees, explains the same source.

The signing ceremony took place at the headquarters of CNEP-Banque, in the presence of its Chief Executive Officer, Sid Ahmed Bouziani, and the Chief Executive Officer of FGAR, El-Hadi Temmam, as well as executives from both institutions.