08
Apr
One of Ethiopia's oldest and wealthiest commercial banks has halted its lending operations, marking a significant development in the country's financial landscape. The decision comes amidst various procedures undertaken by the bank for loan disbursement, with reports indicating that even those already approved for loans are affected by the suspension. According to sources, customers who had been granted loan approval and were awaiting disbursement have been informed of the temporary suspension. Expressing their frustration, one such customer, preferring anonymity, recounted their experience of having their loan put on hold just as they were anticipating its release. Another customer shared a…