Development Bank of Ethiopia

The Development Bank of Ethiopia (DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia.

Development Bank of Ethiopia
Native name
የኢትዮጵያ ልማት ባንክ
IndustryFinancial services
Founded1909 (1909)
HeadquartersAddis Ababa, Ethiopia
Number of locations
100 branches, 24 Districts
Key people
  • Tegegnwork Getu (PhD) (Chairman of the Board)
  • Yohannes Ayalew (PhD) (President)
Net income
Birr 373,520,416.00
Number of employees
2400
Websitewww.dbe.com.et

The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: "(a) assist in the development of industrial and agricultural production... (and) (b) foster the investment of private capital for productive purposes..."

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