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  1. #22
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    ALGIERS, July 1 (Reuters) - Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million*) net profit in 2006, a government-owned newspaper reported on Sunday.

    El Moudjahid provided no figure for 2005 but said CPA's total revenue stood at 487.86 billion dinars last year.

    Algeria has short-listed six foreign banks to compete to take a 51 percent stake in CPA. The six are France's BNP Paribas, Societe Generale, Credit Agricole and Natexis, Citibank of the United States and Spain's Banco Santander.

    The sale is part of Algeria's drive to modernise its banking sector and improve its ability to finance investment and growth. Investment bank Rothschild is assisting the government with the sale.

    State banks account for about 95 percent of total bank assets and loan portfolios in the OPEC-member country.

    CPA employs about 4,600 people and has 129 branches around the country, with total assets of 429 billion dinars ($6.0 billion) at the end of December 2005, according to the finance ministry.

    Foreign banks already present in Algeria include BNP Paribas, Societe Generale, Citigroup and Arab Banking Corporation. Deutsche Bank said last month it planned to set up a subsidiary in Algeria to offer services across North Africa.

    (*$1=69.70 Algerian dinars)


  2. #23
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  3. #24
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    Lundi 16 juillet 2007 -- Les data-rooms (audit et consultation) organisés par les six banques internationales préqualifiées pour la privatisation du Crédit populaire d’Algérie (CPA) s’achèveront à la fin du mois de juillet. Selon la ministre déléguée à la Réforme financière, Fatiha Mentouri, ces data-rooms, entamés le 21 mai dernier, «ont eu à gérer une étape complémentaire en raison du doublement du volume de ces opérations d’audit que ces banques doivent effectuer». Ainsi, le délai imparti initialement «n’avait pas permis aux banques préqualifiées d’opérer cette consultation totale».

    Cela étant, «le processus se poursuit normalement », selon Fatiha Mentouri qui a réaffirmé que la privatisation du CPA devrait aboutir avant la fin 2007. En rappelant que les six banques préqualifiées sont BNP Paribas (France), Citibank (Etats-Unis), Crédit agricole (France), Natexis-Banque populaire (France), Santander Banco (Espagne) et Société générale (France). Et en rappelant que le gouvernement a décidé la privatisation partielle du CPA en cédant un bloc de 51% à un partenaire stratégique unique. En précisant que le data-room est une opération d’audit destinée à prendre connaissance de la situation physique, la structure générale, le réseau et la politique des crédits du CPA ainsi que l’environnement bancaire en Algérie.


  4. #25
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  5. #26
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    Mercredi 5 septembre 2007 -- Le ministre des Finances a annoncé que l'ouverture des plis des offres techniques des 6 banques préqualifiées pour la privatisation du Crédit Populaire d'Algérie (CPA) est prévue pour le mois d’octobre 2007.

    «Le processus de privatisation du CPA est actuellement dans la phase de la remise des plis des offres techniques par les banques préqualifiées, l’ouverture des plis est prévue pour le début du mois d’octobre», a déclaré, hier, Karim Djoudi en marge d’une séance plénière de l’Assemblée populaire nationale.

    Notons que les six banques préqualifiées pour cette opération de privatisation partielle (51%) du Crédit populaire d’Algérie sont BNP Paribas (France), Citibank (Etats-Unis), Crédit Agricole (France), Natexis-Banque Populaire (France), Santander (Espagne) et Société Générale (France).


  6. #27
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    ALGIERS, September 5, 2007 (Reuters) - Technical bids by six foreign banks competing to buy a stake in Algeria's Credit Populaire d'Algerie (CPA) bank will be opened in early October, Finance Minister Karim Djoudi said in remarks published on Tuesday.

    On the basis of the submitted information, Algerian authorities will determine which of the six will be allowed to make financial bids for the 51 percent stake offered in CPA, Djoudi was reported as saying by government press agency APS.

    Officials have said in recent months the privatisation of the bank is expected to take place before the end of this year.

    Algeria has short-listed six foreign banks for the process so far: France's BNP Paribas, Societe Generale, Credit Agricole and Natexis; Citibank of the United States, and Spain's Banco Santander.

    The sale is part of Algeria's drive to modernise its banking sector and improve its ability to finance investment and growth.

    Investment bank Rothschild is assisting the government with the sale.

    State banks account for about 95 percent of total bank assets and loan portfolios in the OPEC-member country.

    CPA employs about 4,600 people and has 129 branches around the country, with total assets of 429 billion dinars at the end of December 2005, according to the finance ministry.


  7. #28
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    PARIS (MarketWatch) -- French banks BNP Paribas SA and Credit Agricole SA are the preferred bidders for Algerian State-owned Credit Populaire d'Algerie, French business daily La Tribune reported Monday, without citing any source.

    The current list of bidders for the Algerian bank is BNP Paribas, Credit Agricole, Societe Generale, Citigroup Inc., Groupe Banques Populaires and Santander Bancorp. La Tribune said.

    Bids can be submitted until the beginning of October and the Algerian finance ministry will unveil its decision by the end of the year or beginning 2008.

    In 2002, Societe Generale turned down the Algerian State's offer to buy Credit Populaire d'Algerie.

    The Algerian State could get to EUR1.1 billion from the sale of Credit Populaire d'Algerie, according to La Tribune.


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