NO. 38


Financial and Banking News

Regional Banking

Italian Banks Sign Loan Agreements for Algeria Worth $2.7bn, as Plans toRestructure Debt Are Revived

Italian banks have signed loan agreements with Algeria worth $2.7bn as partof the $7.2bn in government guaranteed credits committed by the ItalianGovernment. On 20 June Banca Commerciale Italiana (BCI) signed one loan for$1.2bn and another for $300mn. The following day, Instituto Mobiliare Italianoand and Mediobanca signed a...