The Algerian Union Bank (AUB) in Mauritania is continuing its expansion program and will open a third branch in Zouérate this June, according to its Commercial Director, Mohamed Zerrouki. Currently operating in Nouakchott and Nouadhibou, the bank, which launched operations at the end of 2023, plans to extend its presence further in the Mauritanian capital and other economically active regions.
This move is part of a broader strategy to finance both Algerian exports to Mauritania and investment projects aimed at enhancing bilateral cooperation.
Zerrouki outlined that 2024 has been focused on establishing internal systems, procedures, and a deeper understanding of the Mauritanian market. He emphasized that by 2025, AUB intends to accelerate financing activities, particularly international operations, and to support clients in connecting with Algerian business operators.
The bank is currently reviewing several promising projects from Algerian and Mauritanian investors, with a focus on viability, profitability, and their contribution to strengthening economic ties between the two nations.
With a capital of $50 million and four public Algerian banks as shareholders—CPA (40%), BNA, BEA, and BADR (20% each)—AUB plays a pivotal role in Algeria-Mauritania economic relations. This growing partnership has been marked by multiple cooperation agreements and infrastructure initiatives, notably the 840-km Tindouf-Zouérate road project.
Highlighting the Algerian Product Fair in Nouakchott (May 22–28), Zerrouki stressed its importance in boosting non-hydrocarbon exports and showcasing Algerian industrial capabilities to West African markets through Mauritania as a strategic gateway.
