capital opening - Banque de Développement Local

The sale of the shares will end in...

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« The Banque de Développement Local (BDL) is launching a Public Savings Call (APE) as part of its capital opening. This operation involves the issuance of 44,200,000 shares for subscription, each with a nominal value of 1,000 DZD. The issue price of the shares is set at 1,400 DZD, with a discount of 146.39 DZD on a share value of 1,546.39 DZD. The total amount of the capital increase is 61,880,000,000.00 DZD, distributed as follows:

Segment A : Reserved for Algerian nationals residing in the country, this category represents 40% of the total shares available for sale, amounting to 17,680,000 shares. The minimum purchase threshold is set at 10 shares, providing an opportunity accessible to a wide public.

Segment B : Intended for professional, institutional, and qualified investors, this category represents 30% of the shares, or 13,260,000 shares. The minimum purchase threshold is set at 1,000 shares, targeting strategic players capable of making a significant contribution to the investment.

Segment C : Dedicated to legal entities under Algerian law, this category also covers 30% of the shares, or 13,260,000 shares. The minimum purchase threshold is set at 500 shares, allowing local businesses to actively participate in the development of the bank.

The proceeds from this capital increase represent a total amount to be raised of 61,880,000,000.00 DZD, including 44,200,000,000.00 DZD for the capital increase and an issuance premium of 17,680,000,000.00 DZD. These funds will be used to strengthen the equity of BDL. They will support its development, increase its capacity to finance new ambitious projects, and consolidate its financial position, while continuing its key role in supporting the national economy.

This project is part of a strategic vision aimed at modernizing the bank, expanding its horizons, and better meeting the expectations of its clients and partners.

The financial statements of the BDL

Contact

3312 or +213 21 99 48 00
info@bdl.dz

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Prospectus

Placement syndicate

BDL shares are available through reputable banks and specialized institutions. These partners are at your disposal to assist you and simplify each step of purchasing your shares.

Find the nearest branch and take advantage of this exceptional investment opportunity now.

IOB	Nombre d'agences	Localisation
BDL	169 branches	Choose a BDL branch
CPA	167 branches	Choose a CPA branch
BNA	227 branches	Choisir une agence BNA
BADR	340 branches	Choose a BADR branch
BEA	101 branches	Choose a BEA branch
CNEP	206 branches	Choose a CNEP branch
SGA	104 branches	Choose a SGA branch
INVEST MARKET	2 branches	Choose a INVEST MARKET branch
TELL MARKETS	1 branche	Choose a TELL MARKETS branch

Frequently Asked Questions

What is the capital opening of BDL?

The capital opening involves a 30% increase in the BDL's share capital through the issuance of 44,200,000 shares available to the public at a price of 1,400 DZD per share.

When will the public offering be available?

The subscription period is set from January 20, 2025, to February 20, 2025.

Why is BDL opening its capital to the public?

This operation aims to stimulate the Algerian financial market, support the bank's growth, and strengthen its role in financing the national economy.

How was the price and value of BDL shares determined?

The value and price of BDL shares were determined by various factors, including the evaluation of the bank's assets, its financial performance, growth prospects, market demand, and overall economic conditions. It is also worth noting that BDL was assisted by the expert firm CETIC, specialized in this field.
The bank's evaluation was also validated by the Commission for the Organization and Supervision of Stock Market Operations (COSOB).

Rights and benefits for investors

Shareholders will benefit from the following rights:
- Right to vote at general meetings.
- Right to information on the bank's management.
- Preferential subscription rights in case of a new capital increase.
- Right to dividends, if the general meeting decides to distribute them.

What are the risks associated with investing in a bank opening its capital?

BDL, a reference public bank for 40 years, posted a total balance sheet of 1,080 billion DZD and a net profit of 17,558 million DZD as of December 31, 2023, an increase of 199% year-on-year. With a solid financial structure and a key role in financing the economy, purchasing shares in BDL represents a reliable opportunity, supported by the stability of the Algerian financial sector.

Will dividends be subject to taxation?

No, dividends distributed to BDL shareholders will be exempt from taxation for a period of 5 years.
This means that the income generated from your shares will not be taxed during this period, allowing you to maximize the profitability of your investment.

Can shares be purchased for minors?

Yes, it is entirely possible to purchase shares for minors. Here are the details:

The purchase must be made by the legal representative of the minor (parent or guardian).
The shares will be registered in the name of the minor, but the management of associated rights (such as voting and dividends) will be handled by the legal representative until the minor reaches the age of majority.
This approach allows for investing in the minor’s future while benefiting from the advantages associated with the capital opening of BDL.

What is the procedure for purchasing shares during a bank's capital opening?

Interested investors can purchase shares either directly from all BDL branches across the country or from all branches of banks and institutions that are part of the placement syndicate for this operation.

What are the return prospects for BDL?

BDL recorded a 199% growth in its net profit in 2023, reaching 17,558 million DZD. These results reflect the bank's financial strength.

What are your competitive advantages compared to other financial institutions?

BDL is a reliable public bank that has been operating for 40 years. It differentiates itself from other banks through its deep knowledge of the local market and its extensive network of branches. It also offers a wide and comprehensive range of traditional, Islamic, and digital banking products and services, all provided at competitive rates.

What are your bank's plans to expand its geographical presence or diversify its product and service offerings?

BDL's banking branch network has grown from 152 branches in 2020 to 169 branches today, reflecting a clear commitment and strategy to develop a branch network that is close to citizens and easily accessible. Additionally, we are continuously working to enhance our digital services to reduce our clients' travel and to respond to the growing shift toward digitalization in Algeria.

What technological innovations do you plan to implement to improve customer experience and your competitiveness?

It is important to note that BDL is a bank with a centralized information system. This powerful IT architecture allows it to offer high-quality services at a lower cost. As a result, the customer experience is optimized, with services such as deposits and withdrawals available at all BDL branches, complemented by a digital offering that streamlines the customer journey and reduces the need for travel.

How can I subscribe online to BDL shares?

To make share subscriptions more accessible, BDL has introduced a dedicated digital platform where you can subscribe online via the following link:
https://www.bdl.efawtara.com/.

This online system is designed to be simple, fast, and secure, enabling subscribers to participate in the capital opening from anywhere and at any time.

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