Addis Ababa, Ethiopia – March 5, 2025 (ABN )
Ethiopian Investment Holdings (EIH) held a half-year performance review dialogue today with the Development Bank of Ethiopia (DBE), assessing its achievements for the business year of 2017 EC.
During the period under review, DBE generated Birr 7.42 billion in revenue, reflecting a 24.7% growth compared to the same period last year. Additionally, the Bank recorded Birr 11.29 billion in loan collections, surpassing its target by 109.7% and achieving a 71.2% increase from the previous period.
EIH commended DBE’s remarkable progress and provided strategic guidance to further enhance foreign currency generation, fund mobilization, non-performing loan (NPL) reduction, and overall profitability. The discussions focused on strengthening the bank’s role in financing key development projects and ensuring its sustainability in Ethiopia’s evolving financial sector.
The performance review underscores DBE’s critical role in accelerating economic development through targeted financial support for priority industries, infrastructure, and entrepreneurship. EIH reaffirmed its commitment to working closely with DBE to enhance its operational efficiency and long-term impact on the national economy.
