DBE Holds its 3^rd Quarter Meeting via Video Conference

Development Bank of Ethiopia /DBE/ held the first ever video conference its Third Quarter Management Meeting in using Zoom platform on May 15 & 16, 2020 aims to prevent the wide-spreading of Corona Virus (COVID-19).

During the two days meeting, performance report of the Bank in all districts and at the corporate level was presented and important discussion was held over by management members of the Bank.

The report covered credit operations, the change related activities, financial, HR and other function’s performance of the Bank for the third quarter and nine months, problems encountered, corrective measures taken, strengths and weaknesses assessed and the way forward.

While chairing the meeting, President of the Bank, Ato Haileyesus Bekele said from this online meeting and discussion, significant inputs will be gathered for the next year plan preparation.

According to the report presented, the credit operations performance of the Bank for this quarter is better than that of the previous year same period. Overall, the Bank registers satisfactory level performance by approving birr 2.3 billion, disbursement of birr 2.2 billion and collection of birr 2.16 billion both in project and lease financing.  

The Bank also sold Grand Renaissance Bond amounted to birr 133.7 million during the quarter.

Finally, Ato Haileyesus Bekele said despite many challenges facing such as COVID-19 pandemic, we should work hard in smarter way to achieve set targets by reducing of NPLs, increasing the volume of bond sales, and loan collection.