DBE Undertakes 1^st Q Management Meeting

Development Bank of Ethiopia (DBE) had undertaken it’s 2019/20 First Quarter Management Members Meeting on November 01& 02/2019 at the Ministry of Trade & Industry Conference Hall.

At the opening of the meeting, President of the Bank, Ato Haileyesus Bekele said the objective of this meeting is to review and evaluate task performances, identify major problems and discuss on the way forwards. 

During the meeting, the 2019/20First Quarter Performance Report of the Bank was presented by Vice Presidents, Strategy, Change and Communication Directorate at the corporate level as well as by three selected districts and  profoundly evaluated and discussed over by management members of the Bank.

 The report revealed performance of the Bank, problems encountered during the quarter, corrective measures employed, strengths and weaknesses observed, evaluation and monitoring processes and overall the Bank’s loan provision performances were evaluated.

Accordingly, the Bank’s first quarter performance registers satisfactory labeling 85% by approving birr 2.18 billion, disbursing birr 1.98 billion and collecting birr 3.3 billion from project and lease financing services. 

The Bank also sold Great Renaissance Dam Bond to birr 167.45 million during the quarter under review.

After the presentation, issues with respect to prudent lending, maximizing collection of loans and reducing NPLs, increasing great renaissance dam bond sale especially in districts, transparent system for promotion and transfer of employees and over all attitudinal change across employees and management members are openly discussed. 

Finally, President of the Bank, Ato Haileyesus Bekele urges all management members of the Bank working in different levels should work aggressively to contribute share by scaling up the country’s economy by earning export proceeds and getting tax revenue for the government, creating employment opportunities through projects, increasing collection of loans and reducing NPL ratios in view of credit policies and procedures of the Bank.