2024-03-16 15:27:21
ALGIERS – The Local Development Bank (BDL) announced, Saturday in a press release, the launch of a special Ramadhan promotion on its Mourabaha-Consumption offer providing for “a 50% discount on the profit margin” in order to help customers to finance their consumption needs during the holy month at competitive prices.
“On the occasion of the month of Ramadhan, the Local Development Bank announces the launch of a special promotion on its Murabaha-Consumption offer providing for a 50% discount on the profit margin in order to help its clients finance their financing needs. consumption during the holy month while benefiting from lighter conditions and competitive prices”, we read in the BDL press release.
This financing formula allows customers to purchase consumer goods under a Murabaha contract.
Murabaha-Consumption consists of the purchase of new goods and equipment by the Bank for their resale to customers at a cost price increased by a profit margin known and agreed in advance.
Interested customers can “benefit from a profit margin of 4.25% instead of 8.50%”, according to the press release, which ensures that “the examination of financing files is done as quickly as possible and the number of eligible customers is unlimited.
Anxious to fulfill its social role and contribute to sustainable development, the BDL has also set up, on the occasion of the holy month, a special program focused on charitable actions for the benefit of associations active in this field on a global scale. national, with the distribution of Ramadhan baskets, the organization of a collective Iftar and the distribution of Eid clothing to children from needy families.
The program also plans several awareness-raising activities on financial inclusion at the level of schools, universities and shopping centers for the benefit of different segments of society, particularly young people and students.
Alongside these activities, the Bank will present its 2020-2022 financial report.
To carry out this awareness program throughout the holy month, the Bank “mobilizes all its regional departments and agencies across the entire national territory”.
Increase in turnover of 30% between 2020 and 2022
Furthermore, the Bank indicated, in its press release, that it had achieved “good financial performance” over the last three years with “green indicators testifying to the good health of the bank and its ability to meet economic challenges.” .
Regarding the Bank’s net profit, it increased from 2.6 billion DA to 5.9 billion DA between 2020 and 2022, recording an increase of 129%, added the document, according to which the net profit is the one of the main financial indicators which provide information on the bank’s ability to manage its resources and make profits.
Turnover, for its part, increased by 30% between 2020 and 2022, going from 49 billion DA to 64 billion DA.
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