BDL reduces loan interest rates
To satisfy housing demands increase
Saturday Jun 16 2007.
A responsible source in Local Development Bank (BDL) revealed to “El Khabar” that the bank has decided to reduce interests’ rate on housing loans to reach 5.75% for customers who have already a count in the bank, and 6.25% for those who have not.
The bank used to impose interest rates between 6.25 and 6.5 %. Property promoters would also benefit from that reducing decision.
The same source added that the new decision is to be implemented by the beginning of the current week. The bank has been engaged in financing 30 thousand projects since 2002, injecting thus about 35 billion dinars.
According to the same source, BDL has also been engaged in financing projects of National Agency for Youth Employment’s Support (ANSEJ), National Unemployment Fund (CNAS) and Micro Credit National Management Agency (ANGMC).
In this frame, the bank has announced a meeting to be held tomorrow in Al Marssa hotel, which would gather bank senior officials and representatives from the three programs to discuss cooperation possibilities between the two parties.
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