Banque d’Algérie mandates banking reforms by late September

The Banque d’Algérie has issued a deadline of late September for all banks and financial institutions to implement new directives aimed at improving banking services. The central bank requires institutions to take all necessary organizational and operational steps to ensure these orientations are effectively applied across their networks.

The roadmap focuses on simplifying procedures and reducing processing times for several key areas, including account openings, payment services, electronic banking, access to financing, and savings products. The goal is to facilitate access to banking services and adapt financial products to better meet the needs of households and local production.