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FinancialNews


  • 09-10-18

    USD80b loans for Algeria's public, private sectors

    (MENAFN) Algeria's central bank was announced to have backed public and private sectors with over USD80 million of loans during the first six months of this year.

    The Central Bank of Algeria released a report, saying that the amount allocated to the sector is a raise of 6-percent compared to the amount recorded in 2017.

    The Algerian public sector saw its allocated loans register a 7.6 percent jump, reaching over USD39 billion from last year.

    The private sector was also unveiled to have posted a 4.3 percent boost in received loans, standing at around USD40 billion.

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