The Senegalese financial center will soon be enriched with a new bank. This is the Algerian bank of Senegal. The approval file is in the circuit. It was filed on January 19.
The Senegalese financial center will soon be enriched with a new bank. This is the Algerian bank of Senegal. The approval file is in the circuit. It was filed on January 19.
“The launch of the bank is scheduled for the first half of 2023 given the incompressible regulatory processing times for the approval file set at three months,” said Algerian Finance Minister Laaziz Faid, who gave the announcement. information reported by Afrimag and taken over by Vox Populi.
Laaziz Faid made this announcement, according to the same source, before the Algerian National People’s Assembly (APN), during the debate on the bill on credit and currency.
The advent of the Algerian Bank of Senegal is part of a program to set up Algerian banks in France and in sub-Saharan Africa. Laaziz Fad emphasizes that this deployment “takes on a geostrategic character for the Algerian State both politically and economically”.
Besides Senegal, Mauritania is the other African country concerned by this strategy.
