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

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]

How useful was this post?

Click on a star to rate it!

Average rating 4 / 5. Vote count: 1

No votes so far! Be the first to rate this post.



Related Posts

Put your comments here

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

Editors' Pick

Editorial

Policy Unpredictability Pernicious, When Frequented Dreadful

Dec 24 , 2022

Biniam Mikru heads the department of cabinet affairs under Mayor Adanech Abiebie. But...

Agenda

Is the Coffee Bonanza Here to Stay?

Jul 2 , 2022 . By RUTH TAYE

On a rainy afternoon last week, a coffee processing facility in the capital's Akaki-Qality District was abuzz with activ...

Editorial

Financial Sector-sourced Glucose Drips No Remedy to Save Economy

Nov 27 , 2021

Against my will, I have witnessed the most terrible defeat of reason and the most sa...

Editorial

Contingency Economic Plan Necessary to Reconcile with Political Storm

Nov 13 , 2021

Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...

Commentaries

Inflation Destroys Rotten Governments

The recent worldwide surge of inflation is forcing political change, reminding us how...

Is Industrial Policy Like Vitamin C, Penicillin?

Vitamin "C" may not be particularly effective at preventing the common cold or treati...

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

Betting Big on Capital Markets in the Land of Banks, Bureaucracy

Nov 25 , 2023

Ethiopia's quest to develop a functioning capital market is a demanding yet not unach...

Ethiopia's Maritime Dreams Set Sail in Choppy Geopolitical Waters

Nov 18 , 2023

Prime Minister Abiy Ahmed (PhD) has made a fervent call for landlocked Ethiopia to ga...

Post-Pretoria, Economic Woes, Unresolved Conflicts Test Fragile Peace

Nov 11 , 2023

In November last year, a ray of hope pierced the gloomy skies of Ethiopia as the Pret...

Is Ethiopia's Dalliance with Import Substitution an Insanity in Repetition?

Nov 4 , 2023

In the corridors of economic policy-making, a quote often attributed to Albert Einste...

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

Youth Shoulder the Weight of Economic Instability

I have encountered fresh graduates with degrees in notable professions such as medic...

Breaking Free from the Echo Chamber of Self

In the innocent days of childhood, life revolves around the tiny selves as parents in...

Life Matters

The Fine Line of Self-serving Prejudice

Over the weekend, I attended a wedding where my husband was one of the protocols. Des...

Bottling Up Trouble

A familiar coffee shop along my daily commute serves a variety of hot and cold beverages, packaged in disposable plastic cups for takeout. T...

Back
WhatsApp
Telegram
Email