Crédit Populaire d'Algérie announces temporary agency closures and reports record financial results
via Algérie3602 min read
Crédit Populaire d'Algérie CPA announced the temporary closure of all its agencies nationwide starting Thursday, June 11, at 12:00 PM, due to technical requirements. Services are expected to resume on Sunday, June 14, at regular opening hours. The bank reaffirmed its commitment to improving services for its customers. Separately, CPA reported exceptional financial performance for the 2025 fiscal year, with a Net Banking Income PNB nearing 94 billion Algerian dinars DA, marking over 26% growth from the previous year. These results, validated by the Board of Directors on April 23, 2026, reflect the bank's modernization efforts and its ability to achieve record objectives, reaching 114% of its strategic plan. The net result for 2025 was 48.2 billion dinars, an increase of nearly 15% year-on-year. The bank's financial strength also improved, with permanent capital reaching 362.7 billion dinars. The Board of Directors proposed a dividend distribution of 175 dinars per share, representing a 7.61% yield as of December 31, 2025, and an increase of nearly 40% from the previous year. Based on the stock price on April 28, 2026, this yield rises to 8.37%. These historical performances are attributed to a strategy focused on digitalization, diversification of offerings, and the professionalism of its human capital. CPA aims to continue enhancing service quality and optimizing daily performance to ensure sustainable growth and strengthen confidence in the national financial market.
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