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lunedì 30 settembre 2013

According to a report by the Bank of Algeria "The Algerian banking sector is stable and strong"


According Algeria 360.com,
The bond market , although growth in recent years (2004-2008) , still provides a modest amount of funding.
The severe international financial crisis has not directly affected the Algerian banking and financial system , said the Bank of Algeria in a report on the stability of the Algerian banking system from 2009 to 2011, published in June 2013. The Bank of Algeria said that the Algerian banking system is exclusively oriented funding needs of the national economy.

Moreover, in the context of an underdeveloped domestic financial market , the financing needs of the national economy is very largely provided in the form of direct distribution of loans by local banks , not by recourse to international capital markets . Thus, at the end of 2011 , domestic financing of non-financial economic agents was provided for 97.9% of the banking sector , against 95.5 % in 2010 and 94.5% in 2009 and only 2.1% the financial market ( 4.5% in 2010 and 5.5% in 2009). The financial market is limited to the bond market, while the equity market remains virtually non-existent . The bond market , although growth in recent years (2004-2008) , still provides a modest amount of funding. end of 2011 , this market represented only 0.8% of non-oil GDP , against 1.9% in 2010 , 2.6 % in 2009 and 3.1% in 2008 , given the rare bond issuance in 2009 even without the issue in 2010 and 2011 , in a context of greater to operate on loans previously issued refunds.

"In addition , the Algerian banking sector depends on international capital markets in a very limited way, and that , through the possible need for short-term financing of foreign banks operating in Algeria," says the report of the Bank of Algeria . If the Algerian banking and financial sector has not been affected significantly by the crisis, the authorities are not however remained inactive.

They conducted a series of actions to strengthen the stability of the financial system. The report cites the Bank of Algeria , among others, to measure more closely the effects of the crisis and as it unfolds , raising the minimum capital requirement for banks from 2.5 to 10 billion dinars strengthening the financial structure of public banks ( prepayment by the Treasury bonds corresponding to the purchase of non-performing loans , raising capital from banks 2 ) compliance with accounting standards with international standards and strengthening tools of prudential supervision . According to the Bank of Algeria , " all banks comply with the solvency ratio well above the minimum current , already placing the Algerian banking sector over the threshold - the new Basel III standards - Recommended by international bodies as a result of the financial crisis. " However , the report notes the high rate of non-performing loans in the commitments of public banks, although this rate tends to reduce ( non-performing loans to companies and households to 14.4% against 18.3% in late 2011 to late 2010 and 21.1 % in 2009 ) .

" It is , however, a significant weakness of public banks over their private competitors , knowing that the high proportion of non-performing loans is not due to recent credits .

These receivables are funded at 72 %, " we read in the paper of the Bank of Algeria . However , the report says , the banking sector in its two components, private and public , is characterized by a comfortable standard of profitability ( overall profitability of more than 24 % equity) . " This situation, which does indeed appear that the cost of bank intermediation is not negligible , also reflects the ability of the banking system to cope with a possible increase in risks, or to the cost of its resources " , said the Bank of Algeria , concluding that " the Algerian banking sector is stable and strong ."

Algerian central bank.