Tag Archives: Development Bank of Ethiopia (DBE)

DBE president submits resignation! Nation wonders why this one of the nation’s oldest banks become terrible performer! TPLF needs to provide explanation!

19 May

Posted by The Ethiopia Observatory (TEO)

by The Reporter May 19, 2018

Almost two years after joining the Development Bank of Ethiopia (DBE), Getahun Nana, former vice-governor of the National Bank of Ethiopia (NBE), has tendered his resignation to the Office of the Prime Minister, The Reporter has learnt.

This came almost two years after the removal of Esayas Bahre, a long-serving president of the policy bank, who left the Bank in 2016 after he was suspended from his post.

It is to be recalled that Esayas’s tenure came to an abrupt end after his dismissal by the Public Financial Institutions Supervision Agency, an institution tasked with overseeing the state-owned banks.

The resignation of Getahun came as a surprise and said to have followed an intense meeting with the Board of the Bank, chaired by Minister of Agriculture & Livestock, Shiferaw Shigute.

There were frustrations over the levels of Non-Performing Loans of the Bank which is still above the 15 percent maximum cap set by the National Bank of Ethiopia.

According to the Bank’s nine-month report, following the incoming of Getahun–DBE has started to show few improvements in its Non-Performing Loans (NPLs) ratio.

The report indicates that NPL has declined from 28 percent to 20.54 percent. From the total NPL basket, the majority is accounted for by two sectors: manufacturing and commercial farming. As of January, 2018, DBE’s NPL level is 8.6 billion birr.

Geathun has in fact disclosed of his frustrations over the performance of the bank and the pressure he had to withstand to his close friends in the banking industry, a close source told The Reporter.

Sources from DBE have also said that the controversial case of one indebted textile factory and the fact that it has billions of unpaid loans might have created a problem to Getahun.

The Bank, instead of foreclosing the factory or taking measures, has decided to tolerate, another official from the Bank disclosed to The Reporter.

Given its current status, taking a measure against this factory might send a bad message to the overall foreign direct investment in the country and particularly investments in textile.

In addition to this, the factory employs thousands of people, explained the official.

These two cases I think are behind the frustrations of Getahun which boiled down to tendering his resignation, said a second official.

The Reporter has also learnt from sources that there was a meeting held between the members of commercial farm investments and Shiferaw as of last week.

“During the meeting, we have expressed our dissatisfaction over the Bank,” said a commercial farm investor.

Getahun was the fourth president of DBE, the only policy bank of Ethiopia, following Esayas, Wondowesen Teshome, and Moges Chemere in the last 25 years.

Before his appointment, he was one of the longest serving financial sector watchdogs at the central bank and served as a vice governor of the National Bank of Ethiopia (NBE) for seven years. He was appointed by the then Prime Minister Hailemariam Desalegn to revive DBE.

The removal of Esayas, which was at the time largely related with a controversial finding by a study conducted in the Office of the Prime Minister that exposed the misuse of loans disbursed to commercial farms, particularly in Gambella Region has put the bank in a limelight.

Following the incoming of Getahun, the Bank has limited the amount of loans to commercial farms and completely stopped disbursing loans to rain fed commercial farms.

Looking at its third quarter of this year’s performance, the Bank disbursed 1.9 billion birr from its initial plan of 2.5 billion birr. From this, the 55.5 percent was disbursed to the manufacturing sector followed by a 22.7 percent and three percent of financing made to SMEs in form of a lease finance and agriculture respectively.

Getahun came from a regulatory part of the financial sector, so operating such a complicated Bank must be a hard job, according to a former senior official of the Bank.

Following the submission of his resignation to the PM, his letter had to be accepted by the PM to be cleared to leave.

The Reporter’s repeated efforts to contact Getahun using phone calls and texts messages bore no fruit.

 

Related:

What a mess at DBE! Boils down to TPLF’s inefficient use of bank’s resources to beneift TPLF members

Gambela land grab breeds TPLF lawlessness & corruption; DBE & its ponzi scheme at the centre of it!

 

 

የሕወሃትንና የትግራይን የበላይነትና ትሥሥራቸውን ለያይቶ መገንዘብ ያስፈልጋል!

12 Jan

በከፍያለው ገብረመድኅን The Ethiopia Observatory (TEO)
 

ባለፉት 27 ዓመታት ኢትዮጵያውያን፡ የሕወሃትን የበላይነት ባይቀበሉትም ጠንቅቀው አውቀውታል! በሕወሃት አባሎችና በመላው የትግራይ መካክለል የእኩልነት፣ የሃብትና የተደላደለ ኑሮ ጠበል ለሁሉም ባይዳረስ፣ የትግራይ
የበላይነት ከአድዋ ተጉዞ፣ በመካከላቸው ያሠረጸው ተስፋ በሃገሪቷ መጎርመት መመጀመሩ እያደር ይበልጥ እየታየ ነው!

ደብረጽዮን ገብረሚካኤል ለሕወሃት ሊቀመንበርነት በተመረጡ በሣምንት ውስጥ ነው በሕወሃት ስም የሚነግዱትን ለፍርድ እንደሚያቀርቡ ማስጠንቀቂያ የሠጡት። ይህ ማለት ደብረጽዮን ንጹህና ተሃድሶ በእርግጥ የመሻት ሳይሆነ፡ የኢትዮጵያ ሕዝብ ቁጣ በድርጅቱ ሙሰኝናትና ዘረኝነት መማረሩን ከመገንዘብ ለጊዜው ለመቆጣጠር መሆኑ አያጠራጥርም።

ስለሕወሃት የበላይነት እየተነጋገርን እያለን ትግራዊ ካልሆኑ ኢትዮጵያውያን የተለያዩ አስተያየቶች ተሠንረዋል። ሊሆን አይችልም የሚለው ኢትዮጵያዊነትን ያንጸባረቀ ጥርጥር ከሚያሳዩ — ከዚህ በላይ ምን ያድርጉን — እስከሚሉ በጋለ ቁጣ የተሞሉ ዜጎችም አሉ።

እኔ እንደምገነዘበው፣ ካለፈው ዓመት ይልቅ ዘንድሮ እኔም የሕወሃት የበላይነት አለ ወደሚለው ብቻ ሳይሆን፡ የትግራይም የሚያሰኙኝ ብዙ ምልክቶች እየታዩኝ ነው። እያንዳንዱ ሕዋታዊም ከልብ ያምንበታል።

በሌላ አባባል፣ ለማንኛውም ኢትዮጵያዊ ዛሬ ትልቁ ተግባር የእነዚህን አንድነትና ልዩነት አበክሮ ማየትና መከታተል፣ እንዲሁም የሃገራችንን ነጻ የማውጣቱ ትግል አካል ማድረግ ያስፈልጋል!
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ሃገራችንን ሙልጭ አድረገው የጋጧት እየተዝናኑ፡ ሕወሃት የ210 ባለሃብቶችን ንብረት አገድኩ ይለናል መፍትሄ ይመስል!

10 Aug

Posted by The Ethiopia Observatory (TEO)

አዲስ አበባ ነሃሴ 4፣ 2009 (ኤፍ.ቢ.ሲ) ከሰሞኑ በሙስና ተጠርጥረው ጉዳያቸው በሕግ እየታዩ ካሉ የመንግስት የሥራ ሀላፊዎች፣ ባለሀብቶችና ደላሎች ጋር ግንኙነት ያላቸው የ210 ግለሰቦችና ተቋማት ንብረት ታገደ።
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የልማት ባንክ የተበላሸ ብድር መጠን ከ25 በመቶ በላይ መድረሱ ታወቀ

9 Aug

የአዘጋጁ አስተያየት:-

    “የልማት ባንክ የተበላሸ ብድር፣ ከጠቅላላው ብድርና ቅድሚያ ክፍያ አንፃር ወደ 9.2 በመቶ ለማውረድ ቢያቅድም ወደ 25 በመቶ አሻቅቧል”!
    ይላሉ የመንግሥት የፋይናንስ ድርጅቶች ኤጀንሲ ኃላፊ።

    በዛሬይቱ ኢትዮጵያ ውስጥ ለኢትዮጵያ ዝሕብ የማይነገረው ነገር ግን ኪሣራው በልማት ባንኲ ላይ የደረሰው የሕወሃት ሰዎች ገንዘቡን እየዛቁ ለሕወሃት ሰዎች በጋምቤላ እርሻ ማስፋፋት ስም ውጭ ሃገር እንዲዝናኑበትና አንዳንዶቹም ቤት ስለሠሩበት መሆኑ ነው።

    ለምንድነው ሕውሃት ይህንን ዘረፋውን በሚሥጢር የያዘው? በዘሩ ስም የተደረገ ዘረፋ በመሆኑ ነው! ዕዳውን የኢትዮጵያ ሕዝብ በግብርና በሌሎች መልክ እየከፈለ ነው!

    የባንኩን መክሠር (25% non-performring loans – NPL) በሌሎች ምክንያቶች ለመሸፋፈን መሞከር፣ ነገ ተመልሶ እዚያው መዘፈቁ ስለማይቀር ዘረፋውን ለማስቀጠል የሚደረግ ጨካኝ የሃገር ሃብት ምዝበራ ዘዴ ነው!

    ይህ በሃገር ጠላቶች የሚፈጸመው ብልግና እስከመቼ ነው የሚቀጥለው?

============
 
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በጋምቤላ የሕወሃቶች ዘረፋ ምክንያት የኢትዮጵያ ልማት ባንክ ከሥሮ አዲስ ካፒታል ቢሰጠውም፣ የብሔራዊ ባንኩ ገዥ አሁም ባንኩ አደጋ ላይ ነው ይላሉ!

4 May

Posted by The Ethiopia Observatory (TEO)
 
አዲስ አበባ፣ ሚያዚያ 26፣ 2009 (ኤፍ ቢ ሲ) የኢትዮጵያ ልማት ባንክ ከሰጠው ብድር መመለሱ የሚያጠራጥረው ገንዘብ ከተቀመጠው ገደብ በላይ መሆኑ ተነገረ።

በዓለም አቀፍ አሰራር መሰረት ንግድ ባንኮች ካበደሩት ገንዘብ ውስጥ መመለሱ አጠራጣሪ የሚሆነው፥ ከአምስት በመቶ በላይ እንዳይሆን ሲፈለግ የልማት ባንኮች ደግሞ ከ15 በመቶ እንዳይበልጥ ነው የሚፈለገው።
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Development Bank of Ethiopia replaces its four vice-presidents

2 May

Posted by The Ethiopia Observatory (TEO)
 
The Development Bank of Ethiopia (DBE), the state policy financier, has replaced four of its vice presidents effective as of May 2, 2017.

Tadesse Hatiya, vice president of credit management, Teka Yibrah, vice president of corporate services, Almaz Tilahun, vice president of finance & banking management and Dereje Awgichew, vice president of project financing, are the VPs who lost their positions.
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ESAT latest news –                       TPLF senior military members rob Ethiopia and run away abroad

20 Feb

Posted by The Ethiopia Observatory (TEO)
 
Could they be extradited to Ethiopia to face justice, or TPLF sabotage the extradition processes?

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Gambella land grab breeds TPLF lawlessness & corruption; DBE & its ponzi scheme at the centre of it!

15 Feb

Posted by The Ethiopia Observatory (TEO)
 


 

Related:

    ambella’s failed commercial agriculture & Tigrean investors; TPLF nepotism, lawlessness & corruption; Sebhat Nega rooting for Tigrean land grabbers: Unequal Ethiopianity is the challenge in 2017 (Part I)

    ተጠያቂነት ያላስከተለው የሕወሃት ዘረኝነትና የኢትዮጵያ ፖንዚ ፖለቲካዊ ኤኮኖሚው የተለያዩ መገለጫዎች

 

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