Social capital was increased to 300 billion Algerian dinars from 150 billion dinars, representing a 100% increase
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Algerian state bank BNA said on Monday it had doubled its capital to $2.27 billion to enhance its capacity to finance the national economy.
Social capital was increased to 300 billion Algerian dinars from 150 billion dinars, representing a 100% increase.
The bank said in statement that this was part of its "strategy to strengthen its financial capabilities and support the financing of the national economy." ($1 = 131.8478 Algerian dinars)
(Reporting by Tarek Amara; Editing by Toby Chopra)
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