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In 2008 the country's financial system consisted of six public banks, 14 foreign-owned pri­vate banks one financial institution specializing in agriculture and five non-deposit-taking institutions.

The six state-owned banks own about 85% of total assets and extend 80% of total loans. Their foreign counterparts, however, are driving the sector over­haul with products, technology and management practices. The post office also offers simple banking services, with money transfers and savings accounts. Due to their existing network, they are among the most common accounts, particularly for people in out of the way places.

"The number of post offices per capita is current­ly at one to 10, 500," said Mohamed Hammadi, the director general of Algerie Poste. "This is significant­ly lower than the average of the Maghreb and we are pressured to get our branch network in line With our neighbors." The post has 463 ATMs nationwide, but planned 300 more for 2009.

Public sector banks play an important role in the Algerian economy because of their legacy and geographic distribution.

 

 

No of foreign bank branches, 2008
No. of domestic bank branches. 2008
Société Général Algérie
54
Banque de l'Agriculture et du Développement Rural
327
BNP Paribas El Djazair
46
Caisse National d'Epargne et de Prévoyance
221
Natixis
12
Banque National d'Algérie
200
ABC Bank
12
Banque du Développement local
162
Gulf Bank
12
Crédit Populaire d'Algérie
140
Trust Bank 6 Banque Extérieur d'Algérie 86
Citibank 4 Caisse Nationale de Mutualité Agricole 65
Arab Bank 4 Bank of Algeria 49
Calyon 1 Al Baraka Bank Algérie 13
HSBC 1    
SOURCE: BNP Paribas El Djazair   SOURCE: IMF and individual banks  
*The Report Algeria 2010 Oxford buisiness Group
 
 
 







 

 

 

 

 

 

 

 

 

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