Algerian state bank BNA said on Monday it had doubled its capital to enhance its capacity to finance the national economy.
Social capital was increased to 300-billion Algerian dinars (R41.98bn) from 150-billion dinars (R20.99bn), representing a 100% increase.
The bank said in statement that this was part of its "strategy to strengthen its financial capabilities and support the financing of the national economy".
Algerian state bank BNA doubles its capital to R42bn
Image: REUTERS/Gonzalo Fuentes
Algerian state bank BNA said on Monday it had doubled its capital to enhance its capacity to finance the national economy.
Social capital was increased to 300-billion Algerian dinars (R41.98bn) from 150-billion dinars (R20.99bn), representing a 100% increase.
The bank said in statement that this was part of its "strategy to strengthen its financial capabilities and support the financing of the national economy".
MORE:
Landlocked Burkina, Mali, Niger back sea access through Morocco
Macron says joint Franco-Haiti commission will examine 'painful' past
WATCH | France to expel 12 Algerian agents, recall ambassador
France says Algeria threatening to expel diplomatic staff
Algeria protests France's detention of Algerian consular agent
Algeria and Mali ban flights amid escalating diplomatic crisis
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
News and promos in your inbox
subscribeMost read
Latest Videos