Algerian state bank BNA doubles its capital to R42bn

Algerian state bank BNA said on Monday it had doubled its capital to enhance its capacity to finance the national economy.

The Algerian flag flies outside the Algerian embassy in Paris, France, on April 16 2025. File photo.
The Algerian flag flies outside the Algerian embassy in Paris, France, on April 16 2025. File photo. (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".


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