Debub Global Bank, one of the youngest banks, has followed the lead of the other banks by cutting interest rates for the hotel and horticulture sectors until June 20, 2020. For the hotel sector, the Bank has introduced a cut of between Two to 2.7 percentage points. For the horticulture sector, the cut ranges from 1.9 to 2.4 percentage points. The Bank has also made a 2.6 percentage point cut to the interest rate for overdraft facilities for hotels and a 1.6 percentage point cut for the horticulture sector. The Bank, which has made the interest cuts effective beginning April 1, 2020, has a total outstanding loan portfolio of 3.8 billion Br as of April 30, 2020. So far, Awash, United, Wegagen, Abay, Zemen and Dashen banks have announced interest rate cuts on lending.
April 10 , 2021
It is not often the case for regional states' leaders to swallow their vanity and dec...
April 3 , 2021
As an Auditor General, he was not the most conspicous of officials in the mainstream...
March 27 , 2021
In an unprecedented turn of irony, just as Ethiopia began an attempt to open up to th...
March 20 , 2021
There is never a dull moment in the tense and combative relationship between regulato...
March 27 , 2021 . By BAMLAK FIKADU
An application developer who has recently taken up hiking to get some exercise, Migno...
February 13 , 2021 . By TADESSE TSEGAYE
In Arada, I stopped over by a hotel in front of Cinema Empire. I sat alone inside wit...
January 30 , 2021 . By FASIKA TADESSE
The Council of Ministers approved a regulation that will establish the Liability &...
January 16 , 2021
It was a sunny day on September 12, 1974. A machine gun mounted on top of a tank was...
