Photo Gallery | 175565 Views | May 06,2019
Mar 26 , 2020
Berhan Bank has removed the commission fees it charges when importers extend letters of credit (LC) and reschedule loans, effective today, March 26, 2020.
Aimed at assisting businesses that will be affected by the spread of the Novel Coronavirus (COVID-19), the two fees are waived for the coming two months, according to Abraham Alero, president of Berhan, which made older and pregnant employees stay home for two weeks.
Last week Dashen and United banks took the same fee measure. United has cut the commission fee on a one-period extension request for three months by half, while Dashen fully and partially waived commission fees on automated teller machine (ATM) transactions, as well as validity extensions on letters of credit (LC) and purchase orders.
The Bank has increased the maximum cash withdrawal from ATMs to 10,000 Br with the main aim of decreasing the physical interaction of customers at branches.
It also donated three million Birr to the Ministry of Health - the fourth financial institution to contribute to the Ministry’s effort in fighting the virus. So far, Commercial Bank of Ethiopia (CBE), United Bank and United Insurance have donated 10 million Br, five million Birr and three million Birr to the Ministry.
Photo Gallery | 175565 Views | May 06,2019
Photo Gallery | 165782 Views | Apr 26,2019
Photo Gallery | 156145 Views | Oct 06,2021
My Opinion | 136832 Views | Aug 14,2021
Oct 18 , 2025
The political establishment, notably the ruling party and its top brass, has become p...
Oct 11 , 2025
Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in...
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...
Loading your updates...