NO. 7


Financial and Banking News

Regional Banking

Managing Directors of Two Algerian Banks Removed

The managing directors of the state-owned Banque Nationale d'Algerie (BNA)and Credit Populaire d'Algerie (CPA) have been replaced by their deputies in asurprise move which reflects the centralization of Algerian economic planning inthe hands of Prime Minister Sid Ahmed Ghozali and his associates. Mr, Sa'idHocine Mouffok, of BNA, and Mr. Omar Bendarra, of CPA, were appointed...