The Algerian External Bank (BEA) announced that it has provided a bond loan worth DZD 15 billion (approximately USD 110 million) to support Tosyali Algérie's expansion project for flat steel production.
BEA stated that this financing was carried out in collaboration with public banks in the country, noting that the agreement not only contributes to industrial investments but also demonstrates confidence in the local banking system and production-oriented projects.
The statement emphasized that this process both strengthens investor confidence and represents a step toward supporting long-term growth in industry. BEA General Manager Houari Rahali stated that this collaboration sets an exemplary financial model for all parties involved.
Tosyali Algérie, which aims to increase flat steel production with its integrated production structure, plans to further expand its production capacity in the region with this investment. BEA, on the other hand, views this financing process as a development that increases industrial production, diversifies the economy, and strengthens the financial sector.
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