Abyssinia Bank has announced that it disbursed over USD 349.94 million in loans during the current fiscal year to help alleviate Ethiopia’s foreign exchange shortage and support the country’s import trade.

The bank revealed that in the third quarter alone, more than 1,000 customers received a total of USD 189.08 million through its foreign exchange allocation system, enabling them to import essential goods and services.

The bank emphasized that these efforts reflect its strong commitment to addressing customer needs and supporting national economic priorities.

In a statement, the bank reaffirmed its dedication to contributing to the country’s economic stability by responsibly allocating foreign currency.

Source: Fana BC