The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples’ Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the National Bank of Ethiopia’s 15pc threshold. The Committee described the debt settlement as a “brave” step. Following the termination of mandatory nine-percent bond purchases by private banks and insurers in December 2024, DBE established an External Fund Mobilization Department led by a Vice President to secure financing from institutions such as the World Bank and the African Development Bank (AfDB). The bank is also upgrading its core banking system, introducing online project monitoring, pursuing accreditation from the Green Climate Fund, and preparing to issue Green and Sukuk bonds. The Standing Committee urged the bank to strengthen working-capital financing for the agriculture and manufacturing sectors.

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