FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Apr 4 , 2020

Abay Bank has waived fees that have been imposed on loan rescheduling, early settlement charges as well as ATM transaction fees as of the beginning of this month.

Abay Bank has waived fees that have been imposed on loan rescheduling, early settlement charges as well as ATM transaction fees as of the beginning of this month.

The Bank, which also decided to reduce meetings and training, has made adjustments following the slowdown that occurred in the economy after the spread of Novel Coronavirus (COVID-19). To reduce physical contact at the branches, the bank increased the one-time cash withdrawals from ATMs to 10,000 Br. It has distributed sanitary products like soap, sanitizer, masks and gloves to all its employees and has put pregnant women and staff with health complications on leave. It has cut down its working hours from 9:00am to 6:00pm and has its employees working in shifts.


See All Our Coronavirus Coverage in One Place

Beginning this week, the Bank donated three million Birr to the national committee that is mobilising resources to ward off the potential spread of COVID-19.



So far, Ethiopia has reported 35 confirmed cases, and three of them have fully recovered and been discharged from treatment centres.

Please give us your feedback on our COVID-19 coverage



PUBLISHED ON Apr 04,2020 [ VOL 21 , NO 1040]

[ratemypost]


Related Posts

[ssba-buttons]

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

The Iran War Is Fueling a Global Debt Shock

The war in the Middle East has caused a sharp spike in oil, gas, and food prices, cre...

The Right Incentives for Climate Action

As wars reshape global energy markets, short-term priorities, from securing fossil-fu...

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

The Elections Offered Order at the Centre, Silence at the Edges

Jun 6 , 2026

For a political veteran as controversial as Getachew Reda, last week's national elect...

Mistaking Development Theatre for Public Trust Has a Cost

May 30 , 2026

Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...

Tax Push Tests How Much Pain Taxpayers Can Bear

May 23 , 2026

An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting t...

T-Bills Trap Begins in the Federal Government's Own Budget

May 16 , 2026

The federal budget tells a troubling story about inflation, debt and reform. The prob...

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

A Journey of Survival, Forgiveness, Giving Back

Some stories arrive without fanfare, yet stay with us long after they are told. They...

When Ordinary Lives Rewrite Poverty

There are moments in life that leave people changed forever. A few days ago, I attended a conference at a religious inst...

Life Matters

We Don't Need Cover Letters We Need Conversations

We live in an age that celebrates efficiency, automation and convenience, yet the mod...

Beyond the Scoreline, How Foreign Football Becomes Local Identity

The recent celebrations in Addis Abeba following Arsenal's success were, to put it bl...