
Radar | May 09,2020
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]
Money Market Watch | Sep 22,2024
Editorial | Jun 08,2024
Fortune News | Sep 14,2019
Fortune News | Sep 10,2022
Fortune News | Oct 11,2020
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...
Feb 16 , 2025
Madame Kristalina Georgieva, managing director of the International Monetary Fund (IM...
Feb 9 , 2025
This week, the African Union's (AU) annual summit in Addis Abeba is set to be more th...
Feb 1 , 2025
Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take s...
Jan 25 , 2025
Grand ambitions have long driven Ethiopia's successive leaders, but they remain weigh...