Development Bank of Ethiopia (DBE) has been given the green light from the central bank to establish an enterprise that will undertake assets management. Unlike other permits, for this one the bank had to secure permits from the Ministry of Trade and National Bank of Ethiopia.
One of Ethiopia’s three state owned banks, Ethiopian Development Bank (EDB) extended a total of 3.2 billion Birr loan in the first six months of the current fiscal year to agriculture and manufacturing.
Development Bank of Ethiopia (DBE) announced it has extended a 4 Billion Birr loan to mega projects in the past nine months of the current fiscal year, according to the Ethiopian News Agency.
Development Bank of Ethiopia (DBE) disclosed it has extended a total of 7.5 billion Birr loan in the 11 months of the just concluded fiscal year. Nonetheless, the target was to extend 9.4 billion Birr.
Hailemariam Desallegn, Prime Minister of Ethiopia, has appointed Getahun Nana as the new president to Development Bank of Ethiopia (DBE).
