Bank of Algeria Orders Lenders to Expand Household Access to Banking Services by September
The central bank has instructed banks and financial institutions to simplify procedures, shorten processing times, broaden access to banking products—including Islamic finance—and strengthen financial inclusion through expanded branch networks and digital services before the end of September.
By Dr. Hana Saada
ALGIERS – The Bank of Algeria has directed banks and financial institutions to implement a broad package of measures aimed at improving households’ access to banking products and financial services, as part of a nationwide effort to deepen financial inclusion and modernise customer services.
The directive, issued under Note No. 03 by the Central Bank’s Directorate General of Credit and Banking Regulation on 29 July 2026, requires banking institutions to streamline procedures, improve service delivery and respond more efficiently to customers’ financial needs.
Under the new instructions, banks must simplify access to their full range of financial products and significantly reduce the time required to process customer requests.
The measures specifically call for faster handling of applications related to bank account openings, payment services, electronic banking and card services, financing facilities, and savings products, including those offered under Islamic finance.
The central bank also instructed financial institutions to diversify their product offerings in line with household needs while expanding access through a combination of wider branch networks and enhanced digital banking channels.
Particular emphasis was placed on improving banking accessibility for persons with reduced mobility, senior citizens, and other customer groups requiring tailored services, reinforcing the sector’s commitment to inclusive financial access.
In addition, banks have been directed to strengthen customer information, advisory and support services to improve public awareness of available banking products and encourage greater use of formal financial services.
The Bank of Algeria has set 30 September 2026 as the deadline for all banks and financial institutions to fully implement the new measures across their national branch networks.
Institutions will also be required to monitor implementation on an ongoing basis and introduce any additional measures necessary to achieve the objectives of the central bank’s financial inclusion strategy.
The latest directive forms part of Algeria’s broader efforts to modernise its banking sector, improve customer experience, and expand access to formal financial services as the country advances its digital and economic transformation agenda.
— 𝐄𝐍𝐃 —
Dzair Tube Media Group | Record and Standing
Dzair Tube is a leading Algerian digital journalism platform, delivering high-quality content in Arabic, French, and English. With a daily readership exceeding 500,000, it has established itself among the country’s most influential media organizations.
Recognized for editorial excellence and integrity, Dzair Tube was awarded the President of the Republic’s Prize for Professional Journalist in the Electronic Press category on 22 October 2022. The platform operates from state-of-the-art studios, producing diverse programming across news, sports, culture, entertainment, and religion.
Dzair Tube maintains a robust digital presence, with over 600,000 YouTube subscribers, six million followers across Facebook pages, and more than 70,000 Instagram followers. Its sports daily, Dzair Sport, enjoys over 50,000 daily downloads via its official website, cementing its leadership in multimedia journalism.
Further recognized with the Media Leadership Award by former Minister of Communication Mohamed Laâgab and celebrated at the Hilals of Television awards, Dzair Tube continues to set benchmarks in innovation, influence, and public engagement, serving as a key forum for civic discourse, critical analysis, and public affairs.
Official website: www.dzair-tube.dz | English: www.dzair-tube.dz/en
