Today marks a historic milestone for the Local Development Bank – BDL as it officially enters the stock market. This event signals the beginning of a new dynamic for our institution and represents a major turning point for Algeria’s financial market.

A Resounding Success

BDL’s stock market debut has generated significant enthusiasm, exceeding all expectations with a demand 21.74% higher than the initial offering. A total of 44.2 million shares were subscribed, amounting to 61.88 billion Algerian dinars.

The breakdown of subscriptions highlights the growing interest from investors:
79.2% from individual investors,
17.23% from corporate entities,
3.57% from institutional investors.

This achievement reflects the successful efforts to instill a stock market culture and enhance financial inclusion in Algeria.

New Prospects for BDL

Going public opens promising opportunities for BDL. It commits us to further modernizing our services, financing strategic projects, and actively contributing to the country’s economic growth.

A Heartfelt Thanks

We extend our sincere gratitude to all our partners who made this achievement possible, including the Algiers Stock Exchange, the COSOB, the IOB, and the entire BDL team, whose dedication and determination brought this vision to life.

The Journey is Just Beginning!

With this milestone, BDL embarks on a new path of development and innovation in service of the Algerian economy. Together, let’s continue this exciting journey and build a prosperous future for our country