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Mentioning some of these problems, the speaker told al-Khabar exploitation authorisation and administrative procedures linking public banks to Algeria Central Bank, chiefly when new agencies are to open, is marred by slowness. Mr. Loukal asserted that foreign banks that are flooding over Algerian banking market are working in better conditions. Foreign banks deals easily with their subsidiaries in Algeria allowing them to speed up and expand their activities more and more. Even the Central Bank of Algeria’s administrative procedures related to foreign banks are easier and shorter and, thus, foreigners are allowed to record high benefits in Algeria beside winning big number of shares in local financial market to the detriment of our public banks added the Chief-Executive Officer of the Exterior Bank of Algeria. In addition Mr Loukal has suggested numerous solutions to settle the aforementioned problems as to work out a well-studied plan to be adopted within his bank, through the opening of a special school to train employers and executives, and the release of a special magazine to consider the main roles attributed to all of the bank’s workers. | ||||||||||||||||||
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State-owned banks face hindrances