Algeria Private Banking, List of Banks Algeria, Swiss Banks

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Private banks in Algeria with list of commercial banks. Open a bank account in Algeria, Swiss Banks and tax laws. Financial centers and offshore banking.

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  • Banque Exterieure D’Algerie (BEA)
  • Banque Nationale D’Algerie (BNA)
  • Banque de l'Agriculture et du Developpement Rural (BADR)
  • Banque de Developpement Locale (BDL)
  • Credit Populaire d'Algerie (CPA)
  • Cassie d'Eparge et de Prevoyance (CNEP Banque)
  • Cassie Nationale de Mutualite Agricole (CNMA)
  • Banque Al Baraka Algerie
  • Arab Banking Corporation (ABC)
  • Natixis Banque
  • Societe Generale Algerie
  • Citibank
  • Arab Bank Plc
  • BNP Paribas el Djazair
  • Trust Bank Algeria
  • Gulf Bank Algeria
  • Housing Bank for Trade and Finance
  • Fransabank el Djazair
  • Calyon Algerie SPA
  • Al Salaam Bank Algeria SPA
  • HSBC Algeria SPA

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Nearly four times the size of Texas, Algeria is bordered on the west by Morocco and Western Sahara and on the east by Tunisia and Libya. The Mediterranean Sea is to the north, and to the south are Mauritania, Mali, and Niger.

Prior to independence in 1962 Algeria's economy had been dominated by agriculture for a millennium and was known as 'the breadbasket of the Roman empire'. 

However, with rising oil revenues throughout the 1960s and 1970s, the government embarked on a major programme of industrialization which has transformed the economy, making Algeria one of the wealthiest nations in Africa. 

Fuelled by oil revenues, Algeria's economy grew dramatically throughout this period. Declining oil prices during the 1980s drastically reduced economic growth of the now oil-dependent country. Annual per capita income fell from $2,360 in 1988 to $1,541 in 1992. 

As a socialist country, Algeria's entire oil industry is controlled by the state. Although agriculture no longer dominates the economy it remains an important sector. 

During the first half of the 1990s the national budget registered expenditures of $14.6 billion as against revenues of $14.4 billion annually.

 

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