The National Bank of Algeria (BNA) and the Credit Guarantee Fund for SMEs (FGAR) proceeded today, Wednesday, January 14, 2026, with the signing of two conventions; the first covers operating credits regarding conventional activity, while the second concerns operating financing for Islamic activity, through the FGAR guarantee, similar to investment credits.
The General Manager of the BNA, Mr. Samir TAMRABET, and the General Manager of FGAR, Mr. El-Hadi TEMMAM, signed these two conventions, the entry into force of which will allow Small and Medium Enterprises (SMEs) to cover their operating needs within the framework of operating credits and financing granted by the BNA.
The signing of these two conventions falls fully within the strategy of permanent collaboration between the two Institutions, namely the National Bank of Algeria and the Credit Guarantee Fund for SMEs (FGAR), whose objective is to facilitate access to short and medium-term banking financing in order to accompany the start-up and expansion of SMEs.
