Banking

February 3, 2016

1

Luxury Card Launches Three State-of-the-Art Metal Cards with Extraordinary Benefits, Powered by MasterCard

Luxury CardTM has launched three new metal credit card products with patented designs and construction: the top-tier MasterCard® Gold CardTM, the mid-level MasterCard® Black CardTM and the base-level MasterCard® Titanium CardTM.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160203005422/en/

Luxury"...

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January 27, 2016

2

Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28

Bank of America (NYSE: BAC):

To view the full report and tables please click here.

Certain prior period amounts have been reclassified to conform to current period presentation.

This information is preliminary and based on company data available at the time of the presentation.

View this news release online at:

http://www.businesswire.com/news/home/20160119005701/en

...

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January 23, 2016

3

Algeria: Informal currency market soaring with one Euro for 200 Dinars!

This is the first time since the single European currency appeared in 2002 that we’ve arrived at such a staggering rate on the informal hard currency market in Algeria.

Now, it costs no less than 20 banknotes of 1,000 Dinars for a 100 Euro banknote on the strongholds of this kind of informal activity, which by the way is a loss to the Public Treasury owing to the lack of official money exchange offices in the country.


"...

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January 21, 2016

4

State banks on agriculture to ensure diversified non-hydrocarbon development

The State banks on boosting agriculture to ensure a diversified non-hydrocarbon development, said Wednesday Minister of Interior and Local Authorities Noureddine Bedoui in in Ouargla (800-km southeast of Algiers).


"Boosting and encouraging agricultural activities, as sustainable wealth, particularly in the southern regions, are among the main objectives of the State"...

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January 19, 2016

5

NYIF Partners With Exchange Experts to Advise Emerging and Frontier Markets

The New York Institute of Finance announced today that it is partnering with the Global Markets Advisory Group to offer comprehensive consulting services to financial regulators, exchange operators and market participants in emerging and frontier markets.


GMAG, a consortium of former senior exchange and finance executives from the New York Stock Exchange, the Depository"...

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January 18, 2016

6

Grievous penalty awaits people who store money out of banks, says minister

Algeria’s finance minister Abderrahmane Benkhalfa Sunday said businessmen must not store money and should deposit it at banks.

He quoted a verse of the Quran, saying “And there are those who bury gold and silver and spend it not in the way of God: announce unto them a most grievous penalty.”


He believes that banks"...

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January 13, 2016

7

QNB Group: Financial Results for the Year Ended 31 December 2015

QNB Group, a leading bank in the Middle East and Africa, continued to record robust growth in profitability, with Net Profit for 2015 amounting to QR11.3 billion (USD3.1 billion), up by 7.7% compared to 2014.


Based on the strong financial results for 2015 and consistent with QNB Group’s aim of"...

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January 11, 2016

8

The Central Bank of Algeria is going to refinance banks in February

"The Central Bank started to gradually cut liquidity withdrawals. The banks and the financial establishments are expected to return to refinancing from the Bank of Algeria, notably through the re-discounting," Laksaci said while presenting a report on the economic situation of the first ten months of 2015.


The banks have not resorted to refinancing by the banks since 2001,"...

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