
May 23 , 2020
Bunna Bank has made amendments to lighten the economic impact of the Novel Coronavirus (COVID-19) on different businesses and relieve the pressure on borrowers.
The Bank waived the commission fees for the request of loan extensions beginning March 31, 2020, for the duration of two months. Additionally, it made a 0.75 percentage point deduction on customers working in all economic sectors.
For the hotel, tourism and horticulture sectors, the Bank has made an additional deduction of 2.5 percentage points for a period of three months. It has also arranged a system where customers from these sectors can repay both principal and interest loans after a period of three months.
Customers engaged in export have also been made eligible for a decrease of interest rates of up to five percentage points.
The Bank has increased its transaction allowance for mobile banking and ATMs to 30,000 Br and 10,000 Br, respectively.
Bunna Bank previously donated two million Birr to the COVID-19 Resource Mobilisation Committee.
PUBLISHED ON
May 23,2020 [ VOL
21 , NO
1047]
Commentaries | May 18,2024
Fortune News | May 20,2023
Money Market Watch | Sep 22,2024
Fortune News | Jan 16,2021
Fortune News | Mar 16,2019
Radar | Nov 21,2018
Fortune News | Feb 26,2022
Exclusive Interviews | Jan 05,2020
Agenda | Jun 18,2022
Radar | Oct 03,2020
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
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...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Oct 4 , 2025
Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on Septembe...
Sep 27 , 2025
Four years into an experiment with “shock therapy” in education, the national moo...
Sep 20 , 2025
Getachew Reda's return to the national stage was always going to stir attention. Once...
Sep 13 , 2025
At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the f...