Over $60 Billion Came Out Of Algeria Bank In 6 Months

date 2017/09/13 views 1079 comments 0

icon-writer Sofiane.A / English version: Dalila Henache

Loan ratio increased by 7% until the end of June 2017 compared with the previous year, I.e with an increase of DZD 600 Billion, according to the official figures of Algeria Bank, in only 6 months, Head of the Professional Association of Banks and Financial Institutions, Boualem Djabbar, told the Algerian Radio 1, at the program "Morning Guest".

"Loan proceeds were positive during 2017, given the central role of the banks in financing the national economy, especially in the current period, as it should be more effective in financing and accompanying projects to maintain a positive growth rate".

Representative of the banks said that 75% of these loans were directed to investment and that the growth rate of loans in general in the private sector is better than its rate in the public sector.

On the other hand, Boualem Djebbar discussed the modernization of the commercial and internal organization of banks by providing the best services through using new technologies.

As for the agreement that was signed with the Ministry of Labor, Employment and Social Security, to reschedule the debts of ANSEJ and CNAC beneficiaries, Djabbar explained that it was for those who received loans before March 2011.

"With regard to the "participatory loans" or the so-called "halal loans", the public banks prepare themselves in terms of procedural and practical sides", expecting to launch this service in some banks before the end of the current year.

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