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January 6, 2026 | 4 months ago

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FGAR joins forces with 15 banks to guarantee operating loans for SMEs

FGAR is teaming up with 15 banks to guarantee operating loans for SMEs by the end of January, expanding its program to provide greater financial support to SMEs.

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The SME Credit Guarantee Fund (FGAR) has begun to include operating loans in its guarantees, signing agreements with three banks since November. This number is expected to reach 15 by January 2026. The ceiling for these loans is set at 50 million dinars, with a guarantee of up to 35 million, representing 70% coverage. This development, made possible by the 2025 Finance Act, marks an extension of the FGAR's remit, which was previously limited to investment loans.

This measure aims to support SMEs, particularly those in the start-up or development phase, which struggle to access financing due to a lack of guarantees. In 2025, the FGAR supported 297 SMEs, generating more than 5,600 jobs, with a project volume of 40.5 billion dinars and 12.29 billion in guarantees granted. The sectors most affected are industry, services, construction, agriculture and fisheries.

By 2026, FGAR plans to officially launch its operating credit guarantee scheme, install a data backup solution in Annaba, modernise its information system and open new regional branches.

January 6, 2026 | algeria-logo

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