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According to his liquidator statements before his dissolution scheduled as of October 8th, the operation embodies in its first step all bank agencies. However these agencies are to be closed down as of next November beginning, so all customers who couldn’t settle their situation within the set timeframe in the regional agencies can head to the Algiers agency. Noteworthy, Rayan bank, not matching the requirements provided for in 4th March 2004 regulation number 04/01 fixing banks and financial institutions minimum capital, has been dissolved by virtue of Algiers Bank’ monetary and credits council decision enacted on 19 March 2006. | ||||||||||||||||||
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Al Rayan Bank liquidator starts customers’ duties payment