Basic information about the
bankBanque de Développement Local (full name: Banque de Développement Local, Arabic: بنك التنمية المحلية, Berber: lbanka n unegmu amnaḍan) is a state-owned bank, established on April 30, 1985. Established by Algerian Legislative Decree No. 85-85, with headquarters in Algiers, Gaci Amar Street 5, Staoueli Area, Algiers 42340. Wholly owned by the Government of Algeria, BDL aims to promote local economic and social development through financial services. In December 2024, BDL announced the opening of 30% of its capital, with plans to list on the Algiers Stock Exchange under the ticker symbol BDL, signaling an important step towards marketization.
BDL's services cover the entire territory of Algeria and a network of branches in all major cities and regions of the country, including commercial outlets, Islamic finance windows and pawnshop branches. Although the exact number of branches is not disclosed, its extensive coverage ensures that customers can easily access services from all over the world. The ATM network is also widely distributed, providing cash access to traditional banking customers. BDL's clients include SMEs, professionals, individuals and families, covering both retail and corporate finance needs.
In terms of regulation and compliance, BDL is strictly regulated by the Central Bank of Algeria (Banque d'Algérie) to ensure that its operations comply with national financial regulations. BDL participates in Algeria's deposit insurance program, which protects clients' deposits, the exact amount of which is not disclosed. There have been no major compliance issues in the near future, but international sanctions may impose restrictions on their international business, and clients need to pay attention to relevant developments.
Financial healthBDL's
financial performance reflects its solid position as a major state-owned bank in Algeria. According to 2016 data, BDL's capital adequacy ratio is 14.26%, which is higher than regulatory requirements, indicating that its capital base is solid. However, the latest data, such as capital adequacy ratio, non-performing loan ratio and liquidity coverage ratio for 2024, is not disclosed. As a state-owned bank, BDL benefits from government support and is financially stable. In 2024, BDL was successfully listed, with a share valuation based on asset valuation, financial performance, growth prospects and market demand, supported by CETIC experts and validated by the Algiers Stock Exchange's Operating and Supervision Committee (COSOB).
Deposit & Loan
ProductsBDL offers a wide range of deposit products, including demand deposits, time deposits, cash vouchers and certificates of deposit. These products support multiple currencies such as the Algerian Dinar (DZD), the US Dollar (USD), and the Euro (EUR). Cash vouchers are a fixed income investment product with a minimum maturity of 3 months, and the rate of return depends on the investment amount and term, for example, the yield of cash bonds with an investment of more than 100 million dinars and a maturity of more than 5 years can reach 5%.
In terms of loans, BDL provides housing loans, car loans, personal lines of credit and SME financing, with a focus on supporting local economic development and employment projects (such as the ANSEJ, CNAC and ANGEM programs). Mortgages support first-time home buyers and property developers, and interest rates and thresholds are not disclosed, but there is an emphasis on competitiveness. Car loans and personal loans can be used for home improvements, holiday expenses, and more, and loan products often offer flexible repayment options, such as early repayment or adjustment of repayment terms. Customers can apply for a loan through bank branches or online platforms, and the specific conditions need to be further enquired.
Digital Service
ExperienceBDL's digital services are one of its core competencies, and its BDL Online Banking and mobile banking app (BDL Mobile App) provide customers with convenient financial management tools. THE MOBILE BANKING APP SUPPORTS FUNCTIONS SUCH AS ACCOUNT MANAGEMENT, REAL-TIME TRANSFERS, BILL PAYMENT (E.G. SONALGAZ AND SEAAL BILLS), DEPOSIT OPENING, AND PREPAID CARD TOP-UPS, AS WELL AS BIOMETRIC TECHNOLOGIES SUCH AS FACIAL RECOGNITION AND FINGERPRINT LOGIN TO ENHANCE THE USER EXPERIENCE. In 2018, BDL further strengthened its digital capabilities with the launch of Mastercard and Visa cards to support online purchases and international payments.
Security
MeasuresBDL's deposits are protected by the Algerian Deposit Insurance Scheme, the exact amount of which is not disclosed, but as a state-owned bank, its funds are safer. Banks employ advanced anti-fraud technologies, such as real-time transaction monitoring, to protect against financial risks. In terms of data security, BDL adheres to a strict privacy policy that protects customer data from unauthorized access.
Distinctive Services & DifferentiationBDL
isknown in the Algerian banking sector for its support and diversification of services for local economic development. The Bank's featured services include:
- SME support: Financing support for SMEs, especially in the agricultural and commercial sectors, through government programs such as ANSEJ, CNAC and ANGEM.
- Islamic Finance: Offering Shariah-compliant financial products that meet the needs of specific customer groups.
- Community Engagement: Support local economic development projects, such as housing finance and employment promotion programs.
Market Position & AccoladesBDL
is one of the main state-owned banks in Algeria and occupies an important position in supporting small and medium-sized enterprises and local economic development. In 2024, BDL was successfully listed on the Algiers Stock Exchange (ticker symbol: BDL) with an opening price of 1,415.00 dinars and a closing price of 1,420.00 dinars, an increase of 0.35%, indicating its market recognition. Known in the Algerian banking sector for its innovation and quality of service, BDL has received several awards, including:
- Best Local Development Bank: for its contribution to local economic development.
- Digital Innovation Award: in recognition of its leadership in digital banking services.
These awards highlight BDL's excellence in innovation, service quality and industry leadership.
SummaryBanque
de Développement Local (BDL) is a long-established and well-serviced Algerian state-owned bank, known for its extensive service network, solid financial position and high-quality customer service. As a bank focused on small and medium-sized enterprises (SMEs) and local economic development, BDL meets the diverse needs of its customers through a wide range of financial products and digital services. Despite the challenges posed by international sanctions and the economic environment, BDL's government background and market position make it competitive in the Algerian financial market. When choosing a BDL, clients should pay attention to its latest financial data and policies to ensure that it meets their personal or business needs.
