cbe

USD
56.3942
57.5221
,
GBP
67.8914
69.2492
,
EUR
60.8775
62.0951
,
CHF
61.138
62.3608
,
SEK
4.9131
5.0114
,
NOK
4.8627
4.96
,
DKK
7.3918
7.5396
,
DJF
0.3158
0.3221
,
JPY
0.3401
0.3469
,
CAD
37.7184
38.4728
,
SAR
13.6076
13.8798
,
AED
13.8932
14.1711
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
33.4291
34.0977
,
SDR
,
ZAR
,
CNY
7.0975
7.2395
,
KWD
175.0012
178.5012

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
EUR
60.8824
62.1
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662

abay

USD
56.3778
57.5054
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
CHF
63.9422
65.221
,
AUD
36.9556
37.6947
,
AED
15.3493
15.6563
,
CNY
7.8357
7.9924
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
JPY
0.3753
0.3828
,
KES
0.3861
0.3938
,
NOK
5.3799
5.4875
,
SAR
15.0321
15.3327
,
ZAR
2.9646
3.0239
,
SEK
5.4273
5.5358
,
SDR
74.6893
76.1831

zemen

CAD
41.7892
42.625
,
EUR
60.8824
62.1
,
GBP
70.9853
72.405
,
SEK
5.4273
5.5358
,
USD
56.3778
57.5054

buna

nib

GBP
67.791
69.1468
,
EUR
60.8824
62.1
,
CHF
61.0648
62.2861
,
USD
56.3778
57.5054
,
CAD
37.8192
38.5756
,
AED
13.8911
14.1689
,
SAR
13.6041
13.8762

berhan

wegagen

USD
56.1663
57.2896
,
GBP
67.9979
69.3579
,
EURO
60.9124
62.1306
,
CAD
37.9021
38.6601
,
AUD
33.5177
34.1881
,
CHF
60.8664
62.0837
,
SEK
4.8361
4.9328
,
NOK
4.6333
4.726
,
DKK
7.3141
7.4604
,
DJF
0.3128
0.3191
,
INR
0.6693
0.6827
,
KSH
0.3636
0.3709
,
JPY
0.3477
0.3547
,
SAR
13.4673
13.7366
,
AED
13.7552
14.0303
,
ZAR
3.1723
3.2357
,
CNY
7.0448
7.1857
,
KWD
172.7992
176.2552

dgb

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
CHF
63.9422
65.221
,
CAD
41.7892
42.625
,
AUD
36.9556
37.6947
,
SEK
5.4273
5.5358
,
NOK
5.3799
5.4875
,
DKK
8.1681
8.3315
,
DJF
0.3158
0.3221
,
INR
0.6794
0.693
,
KSH
0.3861
0.3938
,
JPY
0.3753
0.3828
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563
,
ZAR
2.9646
3.0239
,
CNY
7.8357
7.9924
,
KWD
183.0982
186.7602

enat

addis

nbe

dashen

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
CHF
61.0648
62.2861
,
SEK
4.9117
5.0099
,
NOK
4.8688
4.9662
,
DKK
7.3921
7.5399
,
JPY
0.3396
0.3464
,
CAD
37.8192
38.5756
,
SAR
13.6041
13.8762
,
AED
13.8911
14.1689
,
EUR
60.8824
62.1
,
DJF
,
INR
,
KES
,
AUD
33.4448
34.1137
,
ZAR
,
CNY
7.0913
7.2331
,
KWD
174.8588
178.356
,
AED

oromia

USD
55.4509
56.5599
,
EUR
58.7724
59.9478
,
GBP
64.394
65.6819
,
SAR
13.3775
13.6451
,
CHF
59.3141
60.5004
,
AED
13.662
13.9352

lion

USD
56.3778
57.5054
,
GBP
67.791
69.1468
,
EUR
60.8824
62.1

coop

USD
56.3778
57.5054
,
GBP
70.9853
72.405
,
EUR
60.8824
62.1
,
SAR
15.0321
15.3327
,
AED
15.3493
15.6563

gadaa

USD
56.3677
57.4951
,
GBP
67.9242
69.2827
,
EUR
60.7418
61.9566
,
AED
13.8886
14.1664
,
SAR
13.6016
13.8736
,
CHF
61.1023
62.3243

hijra

EUR
61.5525
62.7836
,
USD
56.0843
57.206
,
GBP
71.5355
72.9662
,
AED
15.2681
15.5735
,
CAD
41.9322
42.7708
,
SAR
14.9478
15.2468

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.