DBE Carries Out 2^nd Quarter Meeting

 Development Bank of Ethiopia (DBE) had carried out its 2019/20 Second Quarter Management Members Meeting on January 31^st and February 01, 2010 at the Ministry of Trade & Industry Conference Hall.

At the opening remarks, President of the Bank, Ato Haileyesus Bekele said that the objective of this meeting is to review and evaluate its performances against its plan and from the previous year same period.Accordingly, challenges over areas of improvement have been identified and discussed on the way forwards. 

During the meeting, the 2019/20 Second Quarter Performance of the respective three selected districts namely Wolayita Sodo, Bahir Dar and Hawassa was presented. Similarly, the performance at the Bank level was also presented by vice presidents and Strategy, Change and Communication Directorate and profoundly evaluated and discussed by management members of the Bank.

Therefore, the Bank’s second quarter performance registers satisfactory labeling 87.7% by its BSC performance measurement an approving birr 4.09 billion (100%), disbursing birr 2.42 billion (74%) and collecting birr 1.21(81%) billion from project and lease financing services. 

The strategic reform performance of the Bank also presented and discussed its progress comprehensively.

The Bank also sold Great Renaissance Dam Bond to birr 137.3 million during the quarter under review.

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

In conclusion, President of the Bank, Ato Haileyesus Bekele insists all management members of the Bank working at different levels encouraged to work aggressively in coming three months aims to meet the set targets for the budget year by increasing loan collection, reducing NPLs as well as achieving setback reform targets.