FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

Nib Bank’s Short-Lived CEO Finds a New Home at DBE

Oct 2 , 2024

Finance Minister Ahmed Shide appointed Emebet Melese (PhD), who helmed as president of Nib Bank in May this year, to lead the Development Bank of Ethiopia (NBE), effective October 11, 2024.

Emebet succeeds Yohannes Ayalew (PhD), who stepped down several weeks ago after a four-year tenure. He was credited with steering the state-owned bank away from financial turmoil and restoring its credibility. DBE's turnaround began after the Council of Ministers approved a capital injection of 28.5 billion Br. The Central Bank also mandated that all commercial banks purchase bonds the DBE issues equivalent to one percent of their annual loans, further strengthening its capital base.

He moved to run Amhara Bank, leaving behind a bank that reduced its nonperforming loan ratio substantially.

Before her brief tenure at Nib Bank, Emebet served as vice president at the state-owned Commercial Bank of Ethiopia (CBE), overseeing strategic planning and transformation. She spearheaded initiatives promoting organisational change.

An alumna of Addis Abeba University with a doctorate in business leadership, Emebet focused her dissertation on the role of organisational climate and market orientation in driving innovation within the banking industry. Her academic and professional background may position her to advance sustainable growth and innovation at the DBE.

Emebet declined to comment on the circumstances of her departure from Nib Bank, where she enjoyed generous compensation packages, and her priorities while running the DBE, a state policy bank with a capital base of 39.7 billion Br last year, making it the country's second-largest bank after the CBE.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Currency Float Puts Banks on Edge as Volatility Looms Over the Market

Ethiopia's transition to a floating exchange rate is a moment of profound opportunity...

Ethio telecom's IPO Heralds a New Era in Ethiopia's Capital Market

Ethiopia is at the threshold of a financial reel as Ethio telecom, one of the countr...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Floating the Birr Makes It Struggle to Keep Its Head Above Water

Oct 20 , 2024

Central Bank authorities have unveiled no less than six new guidelines to fine-tune t...

With the Horn Edging to the Brink, Regional Leaders Should Extol Trust

Oct 12 , 2024

In his inaugural address on October 27, 2024, Taye Atseqesellasie, the fifth presiden...

Birr's Unmoored Descent Threatens to Drown an Economy Awash in Debt

Oct 5 , 2024

Not long ago, the sight of exchange bureaus in Addis Abeba was as rare as a cloudless...

Not to Turn the "Land of Origins" into a Land of Uneven Promises

Sep 28 , 2024

In the early 2010s, Ethiopian authorities found themselves at odds with the Internati...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Magical Stories Lost in Bad Content

My 10-month-old daughter who has not been exposed to screens, has developed a keen interest in books and bedtime stories...

Filthy Reality of Public Spaces

I recall watching a historian passionately defend the origins of one of the ancient castles in Ethiopia. What caught my attention was the a...

Life Matters

Threads of a T-Shirt

I witnessed a wave of frustration from my friend when her older brother refused to let her wear his shirt. Her reaction came in the context...

Playgrounds of Neglect

Choosing a kindergarten for my son was supposed to be a straightforward task, but it quickly turned into a path through a landscape of negle...

Back
WhatsApp
Telegram
Email