Investing.com -- Algeria’s state-owned bank, BNA, announced on Monday that it has doubled its capital to $2.27 billion. The move is aimed at enhancing the bank’s ability to finance the national economy.

Previously, BNA’s social capital stood at 150 billion Algerian dinars. The recent increase brings the figure to 300 billion dinars, marking a 100% rise in capital.

The bank outlined its strategy in a statement, noting that the capital increase is designed to bolster its financial capabilities. This will, in turn, support the bank’s commitment to finance the national economy.

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