Algeria Foreign Bank is a state-owned enterprise. Algerian foreign bank is a state-owned bank in Algeria, established in 1967 and headquartered in Algiers. Bank of East Asia is one of the largest foreign trade banks in Algeria, and its main business includes international trade financing, foreign exchange business, international settlement and cross-border payment. As a state-owned bank, the Bank of East Asia is wholly owned by the Algerian government, and its business objectives and business scope are guided and supervised by the government. Therefore, it can be considered that Algerian foreign bank is a state-owned enterprise.