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September 21, 2025 | 3 weeks ago

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Banks: 5.3% increase in loans to the economy at the end of 2024

According to the annual Bank of Algeria report, loans to the economy granted by the banking sector reached 11,256.5 billion dinars (DZD) at the end of 2024, up 5.3% the previous year.

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The 2024 Bank of Algeria's report highlights stable financing dynamics, with 72.9% of the increase in loans provided by public banks. Credit to the private sector grew by 7.3%, compared with 2.4% for the public sector. Manufacturing industries remain the main beneficiaries, followed by the construction sector. The national banking network has expanded to 1,673 branches, including 102 dedicated to Islamic finance. The latter continues to grow, with outstanding deposits reaching DZD 793.5 billion (+17%) and financing at DZD 532.2 billion (+16%), led by Salam, Mourabaha, and Ijara products. The Algerian banking sector has a balance sheet that can be described as "comfortable": a 12% increase in net income, a 9% increase in money supply, appreciation of the dinar against major currencies, and solvency ratios well above regulatory requirements. The Bank of Algeria emphasizes that these results strengthen the sector's ability to play a growing role in financing the economy and financial inclusion.

September 21, 2025 | algeria-logo

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