News
09 October 2018

Development Bank of Ethiopia's bad loans reach high of 39.4%

Region:
Middle East & Africa

Non-performing loans at the Development Bank of Ethiopia have increased from 25% to 39.4% in the past fiscal year. The figure is far higher than the standard set by the National Bank of Ethiopia at 15% maximum. Low productivity of commercial farmland that the bank extended loans to, intermittent...

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