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Bank of Algeria sets 0.05 per cent deposit guarantee premium for banks, due by 30 November

13 November 2026 · Algeria Now

Bank of Algeria sets 0.05 per cent deposit guarantee premium for banks, due by 30 November — Photo : El Khabar

The Bank of Algeria has fixed at 0.05 per cent of total deposits the premium that banks operating in the country must pay into the deposit guarantee fund for the 2024 and 2025 financial years, with payment due by 30 November.

The rate is set by Instruction No. 13-2026, dated 11 November and signed by Governor Mohand Bourai. It takes effect from the date of signature. The instruction applies Regulation No. 20-03 of 15 March 2020 on the bank deposit guarantee system and follows a deliberation on 5 November of the Monetary and Banking Council, the central bank's decision-making body for banking regulation.

The premium is calculated on deposits recorded on 31 December 2024 for the first year and on 31 December 2025 for the second. It is payable by banks and branches of foreign banks operating in Algeria, and goes to the Bank Deposit Guarantee Fund, the body meant to compensate depositors if a bank fails. The instruction as published does not give a figure for the total amount to be collected.

The move is part of a wider push by the central bank to update the rules governing the sector. Regulation 26-04, published in the Official Journal on 4 November, allows banks to trade, hold and lend against gold, within a cap on their net position set as a share of their own funds.

A deposit guarantee scheme matters to ordinary savers because it reassures them that their money is protected if a bank fails. Finance Minister Abdelkader Lebbou told deputies on 5 November that the state was counting on cash held outside the banking system, in the parallel market, to be drawn back into formal channels.

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