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Local Development Bank Exceeds 2514 Billion DZD in Granted Loans

September 8, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Local Development Bank Exceeds 2514 Billion DZD in Granted Loans

The total loans granted by the Local Development Bank to its clients exceeded 2514 billion DZD as of June 30, 2026, of which 1019 billion DZD was directed towards investment, while the bank's budget surpassed 2397 billion DZD, according to the bank's CEO, Mustafa Farfara. Farfara explained during the bank's ordinary general assembly that these indicators reflect the 'dynamics of the bank's commercial activity and its ability to mobilize resources and direct them towards financing investments and supporting institutions, professionals, and individuals.' Read the full content on Echourouk Online.

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