BADR Bank Offers 90% Financing for Public Transport Buses

The Banque de l’Agriculture et du Développement rural (BADR) has launched a new financing product designed to support transporters in renewing the public passenger transport fleet. This initiative includes coverage of up to 90% of the acquisition cost for new buses, aligning with public efforts to facilitate the withdrawal of buses exceeding 25 years of age from service. The move represents a significant step towards modernizing transport infrastructure and improving service quality across the nation.

The financing mechanism allows private transporters, whether individuals or legal entities, to acquire new buses with a personal contribution of 10% of the acquisition price, all taxes included. Additionally, the scheme is bolstered by a 20% state subsidy, providing substantial support to eligible operators. The product is available through both classic financing options and Islamic finance via the Mourabaha formula, featuring a repayment period of 10 years and an initial grace period of six months.

According to the public bank, this new offering is integral to its policy of assisting economic operators and professionals across various sectors. By providing tailored financing solutions, BADR aims to support the renewal of production and transport assets, thereby strengthening national economic activity. The bank has reiterated its commitment to accompanying public programs and initiatives that possess significant economic and social dimensions, mobilizing its financing capacities to meet the diverse needs of operators.