The Local Development Bank (BDL) (Arabic ：بنك التنمية المحلية） Is An Algerian Public Bank Established In 1985.
History
BDL Was Established On 30 April 1985 By Decree No. 85-85, Which Also Defines Its Mandate, Operational Procedures And Resources And Specifies Its Basic Task, Namely, "to Contribute To The Economic And Social Development Of The Local Authorities". To This End, The Decree Stipulates That Banking Activities Carried Out By Other Financial Institution Groups Under The Authority Of The Bank Will Be Transferred To The Financial Institution Group ", The Latter Of Which Affects The People's Credit Bank Of Algeria.
In July 2018, BDL Launched MasterCard, Which Allows You To Shop Over The Internet And Make Payments And Withdrawals Internationally In Foreign Currencies. The Same Is True For Visa Cards
Structure
BDL Is Managed By The Chairperson And CEO Until April 29, 2021. Then It Was Entrusted To The Chairperson Of The Board And Managing Director
- Chairperson And CEO (until 29 April 2021)
- Chairperson (as Of 29 April 2021)
- Director General (as Of 29 April 2021)
In July 2023, BDL Has A Network Of 164 Institutions Across Algeria
1. Main Objectives And Functions
The Main Objective Of BDL Is To Promote The Development Of The Local Economy, Especially In The Financing Of Small And Medium-sized Enterprises (SMEs) And Local Projects. Its Functions Include:
- Financing Support: Providing Loans And Financing Solutions To Local Governments, Local Businesses And Projects.
- Economic Development: Promoting Economic Growth And Job Opportunities In The Region By Supporting Local Investment Projects.
- Consulting Services: Providing Advice To Local Governments And Businesses To Help Them Develop Viable Economic Development Plans.
2. Scope Of Services
BDL Offers A Variety Of Financial Services, Including:
- Loans: Providing Long-term And Short-term Loans For Local Projects.
- Investment Financing: Supporting The Investment Needs Of Local Businesses.
- Financial Consulting: Helping Clients With Financial Planning And Project Evaluation.
3. Market Positioning
BDL Mainly Serves Local Governments And Small And Medium-sized Enterprises In Algeria, Especially In Areas With Weaker Economic Development. Through Its Lending And Consulting Services, BDL Strives To Promote The Diversification And Sustainable Development Of Local Economies.
4. Social Responsibility
As A State-owned Bank, BDL Is Also Actively Involved In Social Responsibility Projects Aimed At Improving The Quality Of Life In Local Communities And Supporting Development In Areas Such As Education, Health And Infrastructure Building.
5. Future Outlook
With The Transformation Of The Algerian Economy, BDL Will Continue To Play Its Important Role In Local Economic Development, Supporting Innovative And Sustainable Projects To Promote Overall Economic Growth.
