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.

Put your comments here

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



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Getting Debt Sustainability Right in Developing Countries

A slowing global economy, rising trade tensions, and increased risks of recession co...

Foreign Aid Looks Good Now That It's Gone

When Joni Mitchell sang the line "Don't it always seem to go, that you don't know wha...

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

A Country on Life Support Must Not Neglect Its Healers

May 24 , 2025

Public hospitals have fallen eerily quiet lately. Corridors once crowded with patient...

Researchers Churn Out Studies by the Ton. Quality Checks are Causality

May 17 , 2025

Ethiopia pours more than three billion Birr a year into academic research, yet too mu...

Ethiopia's Aid Reckoning Demands a Homegrown Rescue Plan

May 10 , 2025

Federal legislators recently summoned Shiferaw Teklemariam (PhD), head of the Disaste...

When Pension Funds Nap Inflation Steals the Blanket

May 3 , 2025

Pensioners have learned, rather painfully, the gulf between a figure on a passbook an...

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

The Subtler African Stories Lodged in Luxury

Every family has its ritual, one that bookmarks the year and brings everyone back to...

Drowning in Someone's Storm

Friendship is supposed to be a two-way street; a bond built on mutual respect, trust, and support. But when that dynamic shift, and the frie...

Life Matters

Healing the Healers

Reliable information about the recent strike by health professionals in Ethiopia has proven elusive. The public discourse is muddied by sens...

Gambling on Survival

Sometimes it feels like the world has turned into a high-stakes lottery. The kind where everyone is expected to become a millionaire overnig...