Investment funds for the Wilaya
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Further to provisions of the article 100 of the Ordinance relating to the complementary finance law 2009, the government has created 48 investment funds for all wilayas and the management of which, on behalf of the State, was entrusted, under agreements signed with the Ministry of Finance, to five (05) investment companies three (03) of which are already operational:

    DJAZAIR ISTITHMAR, whose capital is owned at 70% by BADR bank and 30% by the CNEP BANK.

    SOFINANCE, a company created by National Council of the State Participation.

    FINALEPa joint venture between Algeria / Europe

The two remaining, the BEA and the BNA, will be responsible for managing these funds pending the establishment of two subsidiaries specialized in “investment capital”.

The main provisions governing these investment funds are:

1.Mission:

  • Financing projects realized by young promoters by equity participation in the capital of the SME
  • To facilitate undercapitalized SME access to bank credit by improving their financial structure.

 2. Financing of each fund: by revolving allocation of 01 billion DA on an account of special affectation of the Treasury.

 3. Maximum level of intervention: a 49% stake in the SME Upper limit to 50 million dinars unless dispensation by the Ministry of Finance.

 4. Forms of intervention: the equity participation can be made for the following cases:

  • The risk capital for SME creation.
  • The development capital.
  • The financing for restructuring, transfer and repurchase of shares held by another investment capital company with the aim of ensuring the sustainability of SMEs and to safeguard its jobs.


 5. Eligible activities: Apart from the activities of trade and agriculture that are not eligible for this scheme, each investment company or bank will propose to the Ministry of Finance the activities to be supported.

 6. Eligible legal forms of SME to be financed:

  •  SMEs having the Statutes of joint stock company "SPA".
  •  SMEs having the Statutes of Limited Liability Company "SARL"

 7. Criteria for selection of financed projects:

  • The nature of the project especially in terms of its technical feasibility and its market.
  • The quality of the business plan and financial feasibility of the project.
  • The quality of management.
  • The contribution to the creation of employment.
  • The contribution to regional economic development.
  • The contribution preserving the environment

 8. Monitoring of investments
The company of capital of investment or the bank administrator of the investment fund is obliged to have a representative in SME where it
took a participation to follow it and control it

 9. Reimbursement Fund
The exit from the investor capital in financed SMEs occurs 3 to 5 years from the date of
acquisition.

Territorial presentation and coordinates of Investment Companies:

Company Coordinates List of Wilayas
   El Djazair Istithmar :

EL DJAZAIR ISTITHMAR, Spa

- Head office: 1, les Halles Centrales, Belouizdad 16108 EL- Hamma Anassers

  :  021 67 68 07
: 021 676807

  • 16- Algiers
  • 44-Ain Defla
  • 46-Ain Temouchent   
  • 23-Annaba
  • 07-Biskra
  • 25-Constantine
  • 24-Guelma
  • 33-Illizi
  • 40-Khenchla
  • 26-Média
  • 30-Ouargla
  • 48-Relizane
  • 41-Souk Ahras
  • 11-Tamanrasset
  • 12-Tébessa
  • 13-Tlemcen
   SOFINANCE:

Société Financière d'Investissement,
de Particiption et de Placement


   Head office: 34, Avenue Mohamed Belkacemi, Les Annassers, Alger

: 021 47 66 00 à 03
         :  021 47 66 30    
           

 www.sofinance.dz
  • 05-Batna
  • 06-Bejaia
  • 09-Blida
  • 31-Oran
  • 04-Oum El-Bouaghi    
  • 14-Tiaret
   FINALEP:

Financière Algéro- Européenne de Participation,Spa

-  Head office: Route Nationale N°11 Villa CHEZA, Staoueli, Alger (16), Algérie

021 39 34 94
          021 39 20 20       

 www.finalep.com.dz

  • 32-El Bayadh
  • 18-Jijel
  • 19-Sétif
  • 22-Sidi Bel Abbes
  • 21-Skikda
  • 42-Tipaza
    Filiale BNA:

Banque Nationale d'Algérie -BNA-


-  Head office: 8 Bd Ernesto Che Guevara – Alger

: 021 43 95 26 -  43 97 59
  : 021 43 94 94      
       

  
www.bna.dz
  • 01-Adrar
  • 08-Béchar
  • 35-Boumerdes
  • 10-Bouira
  • 36-El Taref
  • 29-Mascara
  • 43-Mila
  • 27-Mostaganem
  • 45-Naâma
  • 37-Tindouf
   Filiale BEA:

Banque Extérieure d’Algérie -BEA-

 Head office : 11, Boulevard Amirouche – Alger, Algérie.
48, Rue des Frères Bouadou Bir Mourad Rais, Alger.

: 021 44 90 25 à 34
          :021 56 17 40        
     
 
 www.bea.dz
  • 34-Bordj-Bou-Arréridj   
  • 02-Chlef
  • 17-Djelfa
  • 39-El-Oued
  • 47-Ghardaia
  • 03-Laghouat
  • 28-Msila
  • 20-Saida
  • 38-Tissemsilt
  • 15-Tizi-Ouzou

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