Algiers – The Local Development Bank (LDB) is set to prioritize the development of its digital services and the expansion of its network across Algeria in 2026. This strategic move aims to improve banking coverage, particularly in the newly established provinces, according to a senior bank official in Algiers on Thursday.
The bank’s focus on digitalization is expected to streamline services, enhance customer experience, and reduce operational costs. This initiative aligns with the national agenda for digital transformation and financial inclusion. The LDB plans to invest in upgrading its technological infrastructure and developing new digital products tailored to meet the evolving needs of its clientele.
Simultaneously, the LDB will be working on expanding its physical presence by opening new branches in underserved regions. The expansion of the branch network is intended to bring banking services closer to citizens and businesses, fostering economic growth and development at the local level. The bank will focus on strategic locations that can maximize its impact on regional economies.
The LDB believes that the combination of enhanced digital services and a broader physical network will significantly improve its ability to serve its customers and contribute to the overall development of the Algerian economy. The plan is to have a strong digital footprint complemented by a robust network of branches nationwide.
These initiatives are part of the LDB’s broader strategy to modernize its operations and become a leading financial institution in Algeria. The bank is committed to playing a key role in supporting the country’s economic diversification efforts and promoting sustainable development.
