Algeria Gate: The Crédit Populaire d’Algérie (CPA) has sold its stake in the capital of Aresbank, a Spanish bank specialising in particular in the financing of international trade between Spain, North Africa and the Arab world. The operation, recorded at the end of July 2026, ends the Algerian presence in the capital of the Madrid-based institution.
The CPA’s holding was, however, very limited: the Algerian public bank held only 0.14% of the capital, against 99.86% for the Libyan Foreign Bank, also owned by the Libyan State. With this withdrawal, the Libyan bank thus becomes the sole shareholder of Aresbank.
A bank oriented towards international trade
Founded in 1975, Aresbank has specialised in international trade operations, particularly between Spain and Arab countries, as well as in interbank operations.
The institution is also posting improving results. In 2025, Aresbank recorded a profit of 16 million euros, up 21% year-on-year, while its loan portfolio reached approximately 733.3 million euros. The number of operations processed also rose by 25%.
The bank is currently pursuing an expansion strategy in Spain, with notably the recent opening of a branch in Valencia, in addition to its establishments in Madrid, Barcelona and Bilbao. It also plans to develop new products, particularly in the field of Islamic finance.
A withdrawal that comes in a particular context
The CPA’s decision comes at a time when relations between Algiers and Madrid are experiencing a phase of rapprochement after several years of diplomatic tensions.
Spanish Prime Minister Pedro Sánchez visited Algiers in July 2026 with the aim of relaunching cooperation between the two countries in several areas, notably energy, trade, investment and judicial cooperation.
The CPA’s withdrawal from Aresbank therefore does not signify a general disengagement by Algeria from Spain. It is above all an operation concerning a very minority stake in a bank whose control was already largely held by Libya.
With this disposal, Aresbank is now fully controlled by the Libyan Foreign Bank, while the CPA ends a presence in the capital that represented only 0.14%.


