2merkato

Development Bank of Ethiopia said its Non-Performing Loan (NPL) ratio during the past fiscal year was 40 percent. In the 2013/14 fiscal year, the ratio was only 9.9 percent. According to Haileyesus Bekelle, president of the bank, the rise of the NPL ratio is attributable to the ineffectiveness of rain dependent commercial farming projects. In addition to the commercial farming projects ineffectiveness, the president said, the rise is also attributable to hard currency shortage, inadequate power supply, unrests that occurred in some parts of the country over the past few years and ineffectiveness of mega projects financed by the bank.

Development Bank of Ethiopia (DBE) announced selling of Grand Renaissance Dam bonds worth 1.4 billion Ethiopian birr in the concluded Ethiopian Fiscal Year.  

Development Bank of Ethiopia President, Isaias Bahire, told Walta Information Center that preparations are underway to involve farmers and pastoralists across the nation in the purchase of bonds in the current fiscal year.

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 Development Bank of Ethiopia (DBE) announced plans to extend 112 billion Birr loan for priority projects in GTP II period, according to The Reporter.

Development Bank of Ethiopia (DBE) disclosed it is set to launch a new banking service for Small and Micro Enterprises (SMEs) that are growing to medium as well as large enterprise categories.