{"id":12778,"date":"2025-08-10T12:00:17","date_gmt":"2025-08-10T11:00:17","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=12778"},"modified":"2026-09-04T06:12:13","modified_gmt":"2026-09-04T05:12:13","slug":"local-development-bank-net-income-rises-31-to-nearly-dzd-23-billion-in-2024","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=12778","title":{"rendered":"Local Development Bank Net Income Rises 31% to Nearly DZD 23 Billion in 2024"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Algiers \u2013<\/strong> <a class=\"dzsl-auto-link dzsl-external\" data-dzsl=\"external\" href=\"https:\/\/en.wikipedia.org\/wiki\/Special:Search?search=The%20Local%20Development%20Bank\" rel=\"noopener noreferrer\" target=\"_blank\">The Local Development Bank<\/a> (BDL) posted a net income of nearly 23 billion <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?cat=1\">Algerian<\/a> dinars (DZD) in 2024, marking a 31% increase compared to 2023, according to the state-owned bank\u2019s annual report approved by its general assembly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The results show that the bank\u2019s turnover reached DZD 96 billion, up 25% year-on-year, while total assets exceeded DZD 1,800 billion during the same period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Customer deposits grew by 15%, reaching DZD 1,375 billion by the end of 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Approved loans in 2024 increased by 24% to a total of DZD 662 billion. Outstanding loans also recorded a DZD 103 billion rise (+9%), from DZD 1,122 billion in 2023 to DZD 1,225 billion in 2024, reflecting the bank\u2019s continued commitment to financing the national <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?cat=50\">economy<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Listed on the <a class=\"dzsl-auto-link dzsl-internal\" data-dzsl=\"internal\" href=\"https:\/\/dzwatch.dz\/?p=65485\">Algiers Stock Exchange<\/a> since March this year, BDL announced a dividend distribution of 5.5% for shareholders \u2014 exceeding initial forecasts of 4.25%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Algiers \u2013 The Local Development Bank (BDL) posted a net income of nearly 23 billion Algerian dinars (DZD) in 2024, marking a 31% increase compared to 2023, according to the state-owned bank\u2019s annual report approved by its general assembly. The results show that the bank\u2019s turnover reached DZD 96 billion, up 25% year-on-year, while total &hellip;<\/p>\n","protected":false},"author":1,"featured_media":12779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","iawp_total_views":18,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-12778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/12778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12778"}],"version-history":[{"count":2,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/12778\/revisions"}],"predecessor-version":[{"id":73659,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/12778\/revisions\/73659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/12779"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}