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Financial and banking reform: The State embarks on a new phase

The financial and banking reform launched at the beginning of this year with the partial privatization of a first public bank on the stock market is set to enter a new implementation phase in 2025, thanks in particular to the green light given last Wednesday by the Conseil des participations de l'Etat (CPE) to the effective launch of the operation to open up the capital of the Banque de développement local (BDL).

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Financial reform in Algeria: towards banking modernization and greater financial inclusion

Algeria is pursuing its financial reform with two major projects scheduled for 2025: the IPO of a second public bank, the BDL, and the acceleration of the development of electronic means of payment.

Banque de Développement Local (BDL) (Bank for Local Development) will open 30% of its capital to private investors via a public share offering, a move approved by the Conseil des Participations de l'État (CPE) (Board of State Holdings). This operation follows on from the successful IPO of Crédit Populaire d'Algérie (CPA) earlier this year, which raised DZD 112 billion, a significant proportion of which came from unbanked funds.

This initiative aims to diversify economy financing sources, modernize banking governance, and integrate funds circulating outside official channels. At the same time, the government plans to step up the use of electronic payments, notably via mobile payments and the extension of electronic payment terminals (EPTs) to retailers.

These reforms aim to reduce the predominance of cash, accelerate financial inclusion, and strengthen modern banking services, thereby consolidating the national economy.

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Financial and banking reform: The State embarks on a new phase

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