Citibank Algeria Increases Capital By $10Mn
Citibank has increased the capital of its Algerianoperations from AD500mn ($7mn) to AD1.2bn ($17mn), Mr. Kamel Driss, countrycorporate officer of Citibank in Algiers, has told MEES. According toMr. Driss the increase reinforces Citibank痴 commitment to Algeria which beganwhen the bank opened a representative office in 1992 and later set up afully-fledged bank in June 1998 (MEES, 8 June, 1998).
The capital increase...