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[Nov 2017] Development Bank of Ethiopia (DBE) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

DBE Pauses Lending to Farmers

The Development Bank of Ethiopia (DBE) has stopped providing loans to finance commercial agricultural projects for an undetermined period. The Bank issued a circular at the beginning of the month, signed by its President, Esayas Berhe, ordering staff not to process any loans for agricultural projects. This includes both new and expansion projects that may come to its table.

One possible reason for this move is what happened in some projects in Gambella, causing DBE to face a problem, a bank official who wished not to be named, told

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DBE’s Priority Areas Interest Rate on Hold

Development Bank of Ethiopia DBEThe Development Bank of Ethiopia (DBE), biggest lender of  the land, by order of the central bank, is to revise its policy of prime lending modes.

“Due to interest drawbacks, it is believed that the Bank has to protect itself from continuous damage of failed projects.” Esayas Behre, president of the Bank told Fortune.

National Bank of Ethiopia, the central bank,

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