Français/English - Arab Banking Corporation, ALGERIA

Corporate Governance
The Board of Directors oversees the bank’s management
and is responsible for controlling the Bank periodically
Arab Banking Corporation - Algeria ( ABC-A) was founded in 1998 (approved to operate by the Monetary and Credit Committee in
1998). It is a subsidiary of ABC-BSC which owns most of its capital (see the table below).
The bank’s registered capital, initially DZD1.183 billion, was increased to DZD2.67 billion in June 2000 and was further increased, pursuant
to a legal obligation, by the exclusive support of its parent company, to go from DZD2.67 billion to DZD10 billion in 2009.
The other shareholders have participated by incorporation of reserves.
List of shareholders and shares held by each of them :
during its sessions.
Number of shareholders
Number of shares
Face value
per share (DZD)
Amount (DZD)
% owned
in the Capital
Arab Banking Corporation (BSC) 876 242 10 000 8 762 420 000 87,62
The Arab Investment Company (TAIC) 41 769 10 000 417 690 000 4,18
Compagnie algérienne d’assurance
et de réassurance (CAAR)
20 884 10 000 208 840 000 2.09
Société Financière Internationale 18 509 10 000 185 090 000 1,85
Other Algerian private investors 42 596 10 000 425 960 000 4.26
Total 1 000 000 10 000 000 000 100
BOARD OF DIRECTORS
The Board of Directors oversees the bank’s management and
is responsible for controlling the Bank periodically during its
sessions. To optimise its supervisory role, this latter has set up
three committees on which its different members sit.
l Governance and Compensation Committee
l Audit Committee
l Risk Committee
These committees are responsible for ensuring the holding of the
Board meeting to examine in more depth the situation of the
Bank respectively in the following domains :
l Good governance (managerial management);
l Optimum management of human resources and related
compensation;
l On-going control and monitoring of the business;
l Credit and risk policy on bank commitments.
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