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

Fortune Logo

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]

[ratemypost]


Related Posts

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

Maise Boom Displaces Ethiopia's Native Grains

Nearly three decades ago, the U.S. National Research Council published a landmark ser...

Poverty's Last Mile as Digital Finance Redrawing Inclusion Map

At its most basic level, the goal of economic development is to eradicate poverty. By...

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

Media Council's Edging to Accreditation a Deceitful Drift

Mar 30 , 2025

When the private satellite channel, Ethiopian Broadcasting Service (EBS), aired an em...

Preventing War Far Cheaper Than Paying Its Deadly Price

Mar 23 , 2025

Getachew Redda, head of the Tigray Interim Regional Administration (TIRA), at least u...

A Country Governed by Guesswork, While Millions Lost in the Shadows

Mar 16 , 2025

Ask anyone about the population of Addis Abeba, and a straightforward answer proves e...

The GMO Experiment Can Be Harvest of Hope, Not Seed of Trouble

Mar 9 , 2025

Five years ago, 11 non-governmental organisations (NGOs), together with 40 allies acr...

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 Cycle of Generosity Coming Full Circle

In a world that often prioritizes individual success, it's easy to overlook the profo...

The Convenience Trap

Over the weekend, I watched a mother I know closely hand her children a bag of chips and packed juice for lunch. She isn't the type to welco...

Life Matters

Natural, Enhanced, or Just Exhausted?

As a woman, navigating the world of beauty and attraction often feels like confronting a maze of contradi...

Shining Light on Small Businesses

The bustling streets of Addis Abeba now carry a heavier weight for business owners. The cost of doing business has been steadily rising, wit...