VOL. XLI

No. 23

8-June-1998

ALGERIA

International Banks Provide Algeria With Measured Vote Of Confidence

Conseil de la Monnaie et du Credit, the Algerian licensing authority, is expected toaward two more full licenses to international banks to open branches in Algiers in thenext month. Bahrain-based Arab Banking Corporation (ABC) and France's Societe Generale(SocGen) will participate in joint-venture banks with international and local partners andwill follow Citibank of the US, which received...