Central Bank of Algeria reviews prudential banking regulations

The Monetary and Banking Council, chaired by Bank of Algeria Governor Mohand Bourai, held an ordinary session to evaluate new prudential regulations for banks and financial institutions. This initiative aims to align domestic regulations with international supervision standards, while incorporating the requirements of Islamic banking operations. Key regulations were approved, covering solvency ratios, management of major risks, equity participation, and the classification of loan provisions. Additionally, the Council determined the premium rate for bank deposit guarantees.