Development Bank of Ethiopia disclosed it is going to extend a total of 14.56 Billion Birr as loan to new or expanding agro and manufacturing projects.

The above figure has a 7.16 Billion Birr increase when compared to the just ended fiscal year. It also plans to release 12.02 Billion Birr for projects that are already approved.

With regard to sale of bond for the Great Renaissance Dam, the Bank’s performance shows some decline when compared to the 2012/2013 fiscal year’s performance. In the just ended fiscal year the Bank brought in 1.07 Billion Birr from bonds, which shows a 330 Million Birr decrease.

According to Capital, the total amount of band bought for the Dam reached 7.1 Billion Birr.

The newspaper furthered, the previous 346 projects that were made possible by the loans extended have created a total of 22,446 jobs.

DBE is aiming to earn 775.2 Birr during the current fiscal year.

Source: Capital