Tag: DBE
Banks call for amendment to mandatory bond
Commercial banks urged Officials of the National Bank of Ethiopia (NBE) to amend the mandatory rule, which demands financial institutions invest one percent of their outstanding credit on a bond issued to support the Development Bank of Ethiopia (DBE).
DBE lifts 20 percent payment request on leased property
The Development Bank of Ethiopia (DBE) lifted the requirement for businesses to pay 20 percent of the total worth of a leased property.
Benishangul, Gambela accused of illegal land distribution
The Public Enterprises Holding and Administration Agency (PEHAA) accused the Benishangul-Gumz and Gambela regions of illegal land distribution.
Financial institutions amass 3.8 bln birr profit
Three state owned financial institutions under the supervision of the Public Enterprises Holding and Administration Agency (PEHAA) have bagged a combined 3.8 billion birr profit before tax in the first quarter of the fiscal year, the agency said.
DBE sees capital quadruple
The Council of Ministers boosts the policy bank, the Development Bank of Ethiopia (DBE), through a capital injection of 28.5 billion birr, four times the preexisting capital of 7.5 billion birr. This decision was made at the Council’s extraordinary meeting held on May 7, 2020, The Reporter has learnt.