Algerian Radio
The amount of credit granted by the Local Development Bank (BDL) in 2025 exceeded 1,400 billion DZD, according to the bank’s General Manager, Mohamed Mebarek. He noted that the bank also recorded a significant progression in Islamic finance activities during the same period.
In a statement to APS, Mr. Mebarek specified that the value of loans granted surpassed 1,400 billion DZD over the past year, representing an increase of 186 billion DZD compared to 2024. This evolution reflects "the expansion of financing activities and support for investment across various sectors."
He affirmed that the bank continues its role as a financial partner in major structural projects, including the financing of the Western mining line, seawater desalination plants, and large-scale agricultural projects in the southern Wilayas.
Regarding resource mobilization, deposits at the public bank reached approximately 1,663 billion DZD, up 21% compared to 2024. This growth demonstrates strengthened customer trust and an improved capacity to finance the national economy, he added.
Furthermore, Islamic finance experienced remarkable growth. Most branches now feature dedicated windows for this segment, which saw a 29% increase in resource collection.
The scope of Islamic financing has also been expanded, particularly in the field of vehicle acquisition. Additionally, the costs of Islamic real estate financing have been reduced to match conventional financing rates, thanks to state-led support and incentive measures.
Addressing the bank’s performance one year after its listing on the Algiers Stock Exchange, Mr. Mebarek reported a "positive balance sheet, supported by a notable improvement in financial indicators and the increased attractiveness of its shares, reflecting a new dynamic in the bank's activities."
He added that the resources mobilized through the opening of the bank's capital were directed toward supporting banking activities. The institution’s turnover rose from 76 billion DZD in 2023 to 96 billion DZD in 2024, representing a 14% increase.
Regarding the foreign currency payment service via international cards—a first for the national market launched late last year for exporters of goods and services—the official stated that the service has been well-received by economic operators, who are showing growing interest in utilizing it.
The General Manager revealed that BDL is currently developing new digital products to be launched in 2026 as part of its strategy to keep pace with technological transformations and enhance its competitiveness.
Concerning sovereign sukuk, he noted that the subscription process launched by the Ministry of Finance is ongoing. The bank has already reached approximately 75% of its 15.8 billion DZD target, with 11.78 billion DZD effectively subscribed by mid-March, alongside additional confirmed requests exceeding 7 billion DZD.
In terms of financial inclusion, the bank plans to expand its network by opening six to seven new branches in 2026, while setting up 25 digital branches as part of its efforts to modernize services and bring them closer to customers.
Similarly, the bank is working to strengthen its presence in new Wilayas such as El Méniaa, Ouled Djellal, and Touggourt, with branches currently under construction in Béni Abbès and Ksar Chellala to ensure broader national coverage.
By 2026, the bank expects to equip merchants with more than 150,000 electronic payment terminals (EPTs) and install approximately 50 automated teller machines (ATMs), while continuing to develop its digital services, according to Mr. Mebarek.
