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.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
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Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
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The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
