Debub Global Bank profit up 33 percent
Annual Profit of Debub Global Bank of Ethiopia for the budget year concluded June 30, 2020 has increased by 33 percent from the previous year to 376 million Birr before tax.
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Tag: nonperforming loan
Ethiopia set to introduce centralized bank borrowers database
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.
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Development Bank of Ethiopia secures $613 million government loan
The Ethiopian Parliament on Thursday approves 21.2 billion birr (about $613 million) long term loan to poorly performing Development Bank of Ethiopia (DBE).
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Ethiopian banks’ loan disbursement grows 24 percent
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.
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