Ethiopian Development Bank total capital reachs to 36 billion birr.
The bank has come out of the pressures of the last three years and is moving to do a better job and announced that the total capital of the bank has reached 36 billion birr.
The bank announced this in its statement regarding the fourth round of training for operators of small and medium enterprises.
According to the President of the Bank, Yohannes Ayalew, the bank, which has been in a steep decline in the past three years, is now moving in the right direction.
The president said that three years ago the bank’s capital was 7.5 billion, and even worse, there was a time when it reached two billion birr.
The Bank is officially launching today the fourth round of training for small and medium enterprises and operators with financial support from the World Bank
The World Bank has supported this project with 200 million dollars.
More than 400,000 trainees across the country have registered for this training, and it is known that 112,000 of them will start their training today.
The President added that the training will be provided in 56 cities and 95 centers.
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