Khalifa Bank put into liquidation
Algeria's largest local private bank, Khalifa Bank, has been put into liquidation by the Banking Commission, state radio has reported. Banque d'Algerie (BdA - central bank) in March put the bank into receivership, citing concerns that the incumbent management was failing to take adequate steps to prevent the deterioration of the bank's financial situation (MEED 7:3:03). In November, a freeze was put on any Khalifa ...
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