1,200 billion DA allocated by CNEP-Bank to support investors

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CNEP-Bank has set aside 1,200 billion DA to support investors, said Secretary General of the financial institution Rachid Othmani in Ain Témouchent, APS reported.

The official highlighted that CNEP-Bank is in the process of realizing a new strategy for the next five years (2017-2021), which relies on the support of economic operators who invest in the production, particularly in the industrial and tourist fields.

Othmani said that 1.200 billion DA will be mobilized to support investment projects within the framework of this strategy.

Previously, CNEP-Bank  mobilized around DA 700 billion to support investment in Algeria, of which DA 300 billion was allocated to support a number of partners to finance  national companies, such as Sonatrach and Sonelgaz, as well as other public enterprises such as the SNTF and the SNVI (National Company of Industrial Vehicles) , According to the same official.

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