cbe

USD
119.2044
121.5885
,
GBP
151.6068
154.6389
,
EUR
128.8242
131.4007
,
CHF
135.1907
137.8945
,
SEK
10.985
11.2047
,
NOK
10.6319
10.8445
,
DKK
16.953
17.292
,
DJF
,
JPY
0.7647
0.78
,
CAD
84.1768
85.8604
,
SAR
31.7455
32.3804
,
AED
32.4569
33.106
,
INR
,
KES
,
AUD
76.786
78.3217
,
ZAR
,
CNY
16.3865
16.7142
,
KWD
382.1324
389.775

awash

USD
120.0062
122.4063
,
EUR
130.1225
132.725
,
GBP
147.5321
150.4827
,
CHF
130.4711
133.0805
,
SAR
28.9491
29.528
,
AED
29.5682
30.1595
,
CAD
78.4838
80.0534

abyssinia

USD
120.0068
122.4069
,
GBP
148.5277
151.4983
,
EUR
130.7594
133.3746
,
AED
32.6736
33.3271
,
CHF
129.4259
132.0144
,
SEK
10.0689
10.2703
,
NOK
9.7899
9.9857
,
CAD
73.909
75.3872
,
SAR
31.9541
32.5932
,
CNY
15.787
16.1028

abay

zemen

CAD
86.3497
88.0767
,
EUR
130.8394
133.4562
,
GBP
155.9361
159.0548
,
SEK
11.2515
11.4765
,
USD
120.0802
122.4818

buna

USD
119.8034
122.1995
,
EUR
131.2601
133.8853
,
GBP
146.6456
149.5785
,
AED
31.2201
31.8445
,
SAR
31.2023
31.8263
,
CAD
71.2526
72.6777
,
AUD
64.239
65.5238
,
JPY
0.6597
0.6729

nib

USD
119.2683
121.6537
,
GBP
154.3027
157.3888
,
EUR
129.1831
131.7668
,
CHF
137.612
140.3642
,
CAD
85.891
87.6089
,
AED
32.4716
33.1211
,
SAR
31.7558
32.3909

berhan

USD
120.6255
123.038
,
EUR
131.2767
133.9023
,
GBP
149.777
152.7725
,
CAD
86.7435
88.4784
,
AED
32.8402
33.497
,
CNY
16.9477
17.2867

wegagen

USD
120.0486
122.4496
,
GBP
155.9551
159.0742
,
EUR
130.841
133.4578
,
CHF
138.7642
141.5395
,
SEK
11.2606
11.4858
,
JPY
0.7923
0.8082
,
CNY
16.9389
17.2776

dgb

USD
119.021
121.4014
,
GBP
146.3958
149.3237
,
EUR
129.0519
131.6329
,
CHF
129.402
131.99
,
CAD
77.8372
79.3939
,
SAR
28.7127
29.2869
,
AED
36.6611
37.3943

enat

USD
120.7705
123.1859
,
EUR
135.9369
138.6556
,
GBP
153.7218
156.7962
,
CAD
88.7489
90.5239
,
CNY
17.632
17.9846
,
AED
33.82
34.4964

ahadu

USD
120.5769
122.9884
,
GBP
154.3672
157.4545
,
EUR
130.5387
133.1495
,
CAD
58.8603
61.8033
,
SAR
21.7111
22.7967
,
AED
22.1751
23.2839

addis

EUR
130.0743
132.6758
,
GBP
156.0891
159.2109
,
USD
120.161
122.5642
,
CHF
138.8823
141.66
,
JPY
0.7881
0.8039

dashen

USD
120.0064
122.4065
,
EUR
130.1231
132.7255
,
GBP
147.5325
150.4832
,
CAD
78.4839
80.0536
,
AED
29.5679
30.1593
,
SAR
28.9492
29.5281
,
CNY
15.0434
15.3443

oromia

USD
121.3066
123.7327
,
GBP
157.6622
160.8155
,
EUR
132.0179
134.6583
,
CHF
140.2551
143.0602
,
SAR
33.2703
32.9409
,
AED
33.0257
33.6862
,
JPY
0.7939
0.8097

lion

USD
120.1164
122.5187
,
GBP
150.6671
153.6804
,
EUR
130.4723
133.0817

developmentbank

USD
121.0859
123.5076
,
GBP
156.8547
159.9918
,
EUR
131.9231
134.5615
,
CHF
139.9675
142.7669
,
SEK
11.3468
11.5737
,
NOK
11.0091
11.2293
,
DKK
17.693
18.0469
,
DJF
0.6782
0.6917
,
JPY
0.7964
0.8123
,
CAD
87.0057
88.7459
,
SAR
32.2208
32.8653
,
AED
32.9656
33.6249
,
INR
1.4402
1.469
,
KES
0.935
0.9537
,
AUD
79.6745
81.268
,
SDR
161.238
164.4627
,
ZAR
6.8959
7.0338
,
CNY
17.0041
17.3441
,
KWD
394.9701
402.8695

coop

USD
120.1987
122.6026
,
GBP
129.0412
131.622
,
EUR
128.3486
130.9155
,
AED
32.2482
32.8932
,
SAR
31.5381
32.1689

gadaa

hijra

USD
121.0259
123.4465
,
EUR
130.4763
133.0858
,
GBP
151.9706
155.0101
,
SAR
32.0452
32.6861
,
AED
32.7703
33.4257

amhara

USD
121
123.42
,
GBP
156.7555
159.8783
,
EUR
131.8416
134.4661
,
CAD
86.9503
88.6829
,
AED
32.944
33.601
,
SAR
32.2366
32.8419

tsehay

USD
118.4525
120.8215
,
GBP
151.668
154.7014
,
EUR
129.1962
131.7801
,
CAD
84.2331
85.9178
,
SAR
31.5477
32.1787
,
AED
32.2512
32.8963
,
AED

tsedey

USD
120.9037
123.3218
,
EUR
130.3463
132.9532
,
GBP
153.5069
156.577
,
AED
32.9186
33.577

siinqee

USD
119.5098
121.9
,
EUR
131.9799
134.6195
,
GBP
156.5902
159.722
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
31.8531
32.4902

hibret

USD
119.2
121.584
,
EUR
129.7254
132.3199
,
GBP
154.9242
158.0227
,
CHF
137.8194
140.5758

gohbetoch

USD
121.0353
123.456
,
EUR
129.5533
132.1444
,
GBP
151.1518
154.1748
,
AED
31.0391
31.6599

sidama

nbe

USD
116.9739
123.6307
,
GBP
156.593
158.1589
,
CHF
138.3488
139.7323
,
SEK
11.5545
11.67
,
NOK
11.2109
11.3231
,
DKK
17.5006
17.6756
,
DJF
0.6551
0.6748
,
INR
1.3989
1.4129
,
KES
0.9033
0.9304
,
JPY
0.8144
0.8226
,
CAD
86.879
87.7478
,
AUD
80.4663
81.271
,
SAR
31.1764
31.4882
,
AED
31.8452
32.1637
,
EUR
130.4844
131.7892
,
XDR
157.9966
159.5766
,
ZAR
6.7497
6.8172
,
CNY
16.6345
16.8009
,
KWD
382.7503
386.5778

binance

USDT
139.23
138.38

Development Bank ready to give up to 200 billion birr loan

Development Bank

The  Development Bank of Ethiopia  announced that even if the Bank has sufficient financial arrangements, it has not received any requests from the manufacturing industries

Although the Ethiopian Development Bank has made adequate financial arrangements to support industries, the manufacturing industries have not submitted loan requests as often as required. The number of requests to establish large factories is not sufficient in terms of the financial capacity the bank has built. As Yohannes Ayaleu, President of the Ethiopian Development Bank (Dr.)  stated regarding the performance of the policy bank for the 2015 fiscal year on July 27, 2015, E.C.

Dr. Yohannes stated that although the bank has received as many requests for mega projects as expected, The Bank has not received loan requests for investments in the manufacturing sector.

Development Bank has released more than 14 billion birr loans for two cement projects

It is said that the Development Bank has created the capacity to finance up to eight billion birr for one project, for example, it has financed two cement projects for a total of more than 14 billion birr in the last fiscal year.

“Many projects were supposed to come, but they didn’t, so the bank didn’t give out funds. In its current state, although it can handle (lending) up to 200 billion, what it has lent in the fiscal year is very low,” said Yohannes (Dr.), in the past (before the reform) Development Bank projects were presented to him, and there was a problem of fairness and approval, but now the projects that have come to him

Yohannes (Dr.) also  stated that the country’s demand for cement from cement factories is huge and that there is a gap of more than 70 percent of demand and supply in the current situation, and if further investment is not made in the sector, this gap will increase to 88 percent

In particular, although the country’s demand and supply of cement will not be filled in a short period, he explained that the Development Bank plans to close this gap in the coming years.

The president said that all mega projects of the manufacturing sector, including cement projects to be built in any part of the country, must meet the requirements of the Development Bank and come to the Development Bank

John (Dr.), stated that due to the operational problems of the Development Bank itself, the requests for other such projects, including cement factories, were delayed because they were not approved in time.

At present, the government has announced that they have received responses from the improvement measures taken by the bank in connection with the reform.

In 2013, the bank improved its performance by implementing various new strategies. 4.3 billion birr, 3.9 billion birr in the fiscal year 2014, and 6.4 billion birr in pre-tax profit. The bank has increased its capital from 2.6 billion birr three years ago to 38 billion birr and has announced that it was able to approve 46.4 billion birr loans in the fiscal year ended.

In addition, the disbursement of more than 19.3 billion birr from the approved total loan was explained, and it was mentioned that 13.5 billion birr was able to be collected according to the contract. According to Yohannes (Dr.), at the end of the fiscal year, the bank’s total assets reached 160.8 billion birr, and the total capital was 38

Acting Vice President Corporate Services of Ethiopian Development Bank, Getachew Balai, said that the bank’s reform has increased the number of districts from 12 to 24, the number of branches from 78 to 100, and made it accessible to all areas of the country.