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المساء
Algerian National Bank supports transport renewal
The National Bank of Algeria announced its contribution to funding the renewal of the transportation fleet as part of the national program to acquire 10,000 buses. The financing includes compensation for buses that have exceeded 25 years of use. The funding offers up to 90% of the bus’s value, with a repayment period of up to 10 years and a six-month grace period before repayment begins. The annual interest rate or profit margin is set at 5.5% excluding fees, with installments payable quarterly. Eligibility requires engaging in transportation activities, possessing the necessary licenses, and submitting the financing application along with the required documents.
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