Algerian Businessmen To Lend Billions For Government

Finance Minister Abderrahman Benkhalfa prepared a time “calendar” to receive the businessmen and companies’ owners who are interested in the acquisition of public treasury bonds, which will go on sale starting from next Sunday, worth 50,000 ZDZ per bond.

He started to receive businessmen to discuss the possibility of their participation in the the acquisition of these bonds, which will carry the signature of the buyers or the owners by the beginning of this week, while a large number of them expressed desire to acquire considerable proportion of bonds.

Chairman of the forum for Heads of Institutions, Ali Haddad, said in response to Echorouk question, that he is ready to buy public treasury bonds, which will start on the beginning of next Sunday, at the level of the banks, Algeria Post and the Treasury headquarters.

“As a businessman and chairman of the Forum for Heads of Institutions, I’m ready to accompany the state in this process, and urge businessmen to contribute to the success of the National Loan for Economic Growth. Business owners will buy these bonds in large quantities.”

For his part, President of the National Chamber of Commerce and Industry, Chairman and General Manager of “Amor Benamor”, Eid Ben Amor told Echorouk: “As head of an industrial company in the area of ​​food, I’m ready to buy all the public treasury bonds, because I would not leave them exposed to the recession, and I’ll buy as much as possible bonds. Businessmen should seize this opportunity, by virtue of the considerable interest which is equivalent to 5%. This investment is successful, by virtue of the high economic interest. We do not give charity to the treasury, because the economic interest is seductive. There is a large program at the level of the national Chamber of Industry and Commerce, for the acquisition of public treasury bonds.”

Head of Ben Hamadi group, Abderahman Ben Hamadi, told Echorouk that the company’s accountants are assigned at all its branches to study the possibility of acquiring these bonds and the size of financial liquidity, which will be allocated for this purpose.

“My family members and companies will buy large amounts of bonds. When the state needs us, we are in its service. I’ll buy bonds as a moral person of Ben Hamadi group, and all members of my family will buy large quantities of them, during its launch next Sunday, and we will reveal on the financial envelope which will be allocated for this purpose soon.”

Not far from that, General Manager of “Alliance Insurance”, Hassan Khelifati, expressed his company’s readiness for the acquisition of up to 200 billion ZDZ of the bonds on next Sunday, which is the equivalent of 200 billion centimes.

“Benefit of 5% is a considerable proportion that would bring large profits for dealers. As a collaborator in the financial market, I aspire to acquire the larger proportion of bonds, and convince even customers and partners for the acquisition of these bonds, and encourage the process. We will reveal on the final value of the bonds that will be acquired later, after completing the financial assessment on the level of Alliance Insurance”.