Ordinary & Extraordinary General Meeting – A Milestone Successfully Achieved
On Sunday, June 29, 2025, in Algiers, the Banque de Développement Local – BDL held its first Ordinary and Extraordinary General Meeting since its listing on the stock exchange. This event marks a major milestone in the Bank’s history, which is now firmly engaged in a trajectory of sustainable performance, innovation, and strengthened governance.
2024 Results Show Strong Growth:
The General Meeting was the occasion to present the financial results for the fiscal year 2024, which were unanimously approved:
- Turnover up 25%, reaching 96 billion DZD;
- Net Banking Income (NBI) up +29%, reaching 67 billion DZD;
- Net profit increased significantly: nearly 23 billion DZD (+31%);
- Total assets exceeding 1,800 billion DZD, a rise of +14%.
Expanding Activity Indicators:
- Growth in traditional financing: +9%;
- Exceptional expansion in Islamic finance: +3500%, reaching 291 million DZD;
- Continued growth in electronic payments: over 280,000 operations in 2024 (+27%).
Dividends Delivered: 5.55%
One of the highlights of this General Meeting was the distribution of a 5.55% dividend to shareholders — a return higher than the initial forecast of 4.25%.
This reflects the financial strength of BDL and its firm commitment to a strategy focused on value creation, transparency, and sound governance.
Shared Governance & Climate of Confidence:
The joint holding of the Ordinary and Extraordinary Meetings took place in a calm, professional, and constructive atmosphere, attended by:
- Representatives from the Ministry of Finance;
- Individual and institutional shareholders;
- The COSOB, Algeria’s financial market regulatory authority;
- And the Algiers Stock Exchange – SGBV.
This meeting also enabled the renewal of the Board of Directors, in line with corporate governance standards applicable to listed companies.
A Public Bank Looking to the Future:
BDL reaffirms that a public institution can combine financial performance, digital innovation, and strong shareholder engagement.
This gathering confirmed the ambitions of a modern, client-focused bank that is firmly committed to the future.
BDL delivers on its promises — and this is just the beginning.
Contact
- 3312 or +213 21 99 48 00
- info@bdl.dz
BDL – More than a bank, an investment opportunity
The Banque de Développement Local – BDL has taken a historic step by opening its capital to the public, becoming the second public Algerian bank listed on the stock exchange.
Its shares are now available on the secondary market, offering individuals, companies, and institutional investors the opportunity to actively contribute to its growth.
Why invest in BDL shares?
- Strong financial foundation:With over 40 years of experience, BDL benefits from a wide branch network and a diversified client base.
- Growth potential:Committed to supporting SMEs, BDL is a key player in the development of the national economy.
- Transparency and regulation: BDL shares are traded on a regulated market, ensuring investor safety and clarity.
How to buy BDL shares?
- Contact an approved IOB (Intermediary in Stock Market Operations).
- Follow the share price on official platforms.
- Place a purchase order through the intermediary.