With objective of decreasing nonperforming loans of banks, the National Bank of Ethiopia is set to introduce a centralized database with credit information of all bank borrowers in the country.
The Ethiopian Parliament on Thursday approves 21.2 billion birr (about $613 million) long term loan to poorly performing Development Bank of Ethiopia (DBE).
NEWS- The 18 commercial banks in Ethiopia have disbursed a total loan of 221 billion birr (about $6.44 billion at the current exchange rate) to their customers during the first ten months of the budget year started July 2019.
