Published: Sunday, February 23, 2025, 1:17 PM – Economy News
Algiers – The Caisse Nationale d’Epargne et de Prévoyance-Bank (CNAB-Bank) announced on Sunday the launch of a new savings plan named “Pro-Invest” (PRO-INVEST), designed for professionals. This plan enables them to finance their investment projects while benefiting from interest-bearing savings, according to a bank statement.
Available to all professionals, whether established or in the start-up phase, this scheme offers a two-stage solution combining gradual savings and preferential financing.
The first stage, lasting 60 months and renewable, allows subscribers to build interest-bearing savings through regular or ad-hoc deposits, starting from DZD 10,000 per month. It features exemption from management fees and significant flexibility in deposit methods. The bank added that after this period, subscribers can access preferential financing to realize their professional projects.
This financing covers various essential investments, such as equipment acquisition, business premises purchase or renovation, and working capital enhancement. Loan amounts vary by sector, reaching up to DZD 50 million for healthcare professionals and DZD 15 million for other sectors.
The “Pro-Invest” plan offers attractive financing terms with a reduced interest rate of 0.25% compared to standard conditions, along with exemption from management fees and a repayment period ranging from 3 to 10 years.
Furthermore, the plan provides additional benefits like the possibility of deferred repayments and extended loan utilization periods, as detailed by the bank.
To subscribe to this savings plan, individuals need to visit a CNAB-Bank branch and submit the required documents, notably proof of professional practice authorization and financial documents.
Through this new offering, CNAB-Bank strengthens its services for entrepreneurs and reaffirms its commitment to supporting them by providing an effective solution tailored to their needs, ultimately aiming to bolster the development and sustainability of their businesses, the same source concluded.
By nor eleslam
