Banque de développement local

Banque de développement local
TypeJoint-stock company[1]
SGBV: BDL
IndustryBanking
Founded30 April 1985 (1985-04-30)
Headquarters5, rue Gaci Amar,
Staoueli, Algiers Province
,
Algeria
Key people
Kamel Mansouri, director-general
Total assetsUS$11 billion (2024)[2]
OwnerGovernment of Algeria (100%)
Number of employees
4,424 (2018)[3]
Websitewww.bdl.dz
Footnotes
Bank code: BDLODZAL

Banque de développement local (BDL; Arabic: بنك التنمية المحلية; Berber: lbanka n unegmu amnaḍan) is an Algerian public bank established in 1985.

History

BDL was established on 30 April 1985 by Decree No. 85-85, which also defined its functions, operating procedures and resources. The decree specified its principal mission as “contributing to the economic and social development of local authorities”.[4] To this end, the decree stated that “banking activities carried out by other financial institutions and falling within the bank’s remit are transferred to it”,[5] a provision that affected the Crédit Populaire d'Algérie.

In July 2018, BDL launched a Mastercard card, allowing customers to make online purchases and to carry out payments and withdrawals in foreign currency abroad. A Visa card was also introduced.[6]

In December 2024, the partial opening of BDL’s capital, amounting to 30%, was announced ahead of its listing on the Algiers Stock Exchange.[7] In March 2025, the bank was listed on the Stock Exchange and became the eighth publicly traded company in Algeria.[8]

Structure

In July 2023, BDL had a network of 164 branches across Algeria.[9]

Governance

Until 29 April 2021, BDL was headed by a president and chief executive officer. It was subsequently placed under a chairman of the board and a director-general.[10]

References

  1. ↑ "Transformation en Entreprise publique économique, société par actions" (PDF). Journal officiel (in French). 16 August 1989. pp. 791–793.
  2. ↑ "Africa's Top 100 Banks 2024: Going global". African Business. 24 September 2024. Retrieved 24 May 2025.
  3. ↑ "Rapport annuel 2018" (PDF). bdl.dz (in French). Archived from the original (PDF) on 31 July 2023.
  4. ↑ Ecofin, Agence. "Algérie : la Banque de développement local s'introduit en bourse". Agence Ecofin (in French). Retrieved 25 May 2025.
  5. ↑ "Décret du 30 avril 1985 portant création de la banque de développement local et fixant ses statuts" (PDF). Journal officiel (in French). 1 May 1985. p. 387.
  6. ↑ "La "Mastercard" et la "Carte Visa" arrivent". L'Expression (in French). 2023. Archived from the original on 7 July 2023. Retrieved 25 May 2025.
  7. ↑ "Bourse d'Alger : ouverture du capital de la BDL avec 44,2 millions de nouvelles actions mises en vente". aps.dz (in French). 20 January 2025.
  8. ↑ The first listing was held on Thursday: BDL officially enters the stock market Algeria Invest
  9. ↑ According to information published on the bank’s website.
  10. ↑ "Changement à la tête des six banques publiques". TSA (in French). 29 April 2021. Retrieved 25 May 2025.

See also

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