Addis Ababa, Ethiopia (15 May 2023)

The Development Bank of Ethiopia (DBE) has announced an unadjusted (gross) profit of 2.35 billion birr before tax in the nine months of the 2015 Ethiopian fiscal year, according to the Bank’s 3rd quarter report released by the Public Enterprises Holding & Administration Agency (PEHA). This represents a notable increase of 27% compared to the previous year.

During the same period, the bank collected a total income of 71.11 billion birr, indicating its ability to mobilize funds effectively. According to DBE’s social media posts, the increased loan disbursement to the manufacturing sector and lease customers has been a contributing factor to the bank’s performance.

Additionally, DBE has obtained approximately ETB 177 million from loan rehabilitation initiatives and has reached ETB 6.5 billion in lease financing loan provisions. The bank’s activities have also resulted in the creation of 1,379 job opportunities for citizens, as per the report by Addis Maleda.

Source: DBE, Addis Maleda


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Hanna is an aspiring economist in her final year at Addis Ababa University. She has written hundreds of insightful daily stories, analyses, and features about the Ethiopian economy and beyond.

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