Profile – Development Bank of Ethiopia-Horn Affairs

Profile – Development Bank of Ethiopia
Daniel Berhane
July 24, 2017

(hornaffairs) —The Development Bank of Ethiopia (DBE) is a specialized development finance institution, operating since 1909 under various names.

The Development Bank of Ethiopia is mandated with the pro­vision of development credit to pri­ority projects. I.e.: Commercial Agriculture projects; Agro-processing industries; Manufacturing and extractive industries; and Lease Financing Service for Small and Medium Enterprises.

The Development Bank of Ethiopia is supervised by the Public Financial Enterprises Agency (PEFA) and a Board of Management (BoM) consisting of seven senior government officials administers the Bank. The PEFA and BoM are responsible for issuing major policies of the Bank, approval of its strategic and operational plans as well as the close and regular monitoring of the Bank’s operations.

The top Executive Management Committee (EMC), which consists of the President and Six Vice Presidents, is responsible for the overall operations of the Bank.

The President acts as an official representative of the Bank, chairs the Executive Management Committee (EMC) and is ex-offico member of the Board of Management.

The day-to-day operational activities of the Bank is entrusted to fifty two management officers at the headquarter and branch offices.

The bank is headquartered in Addis Ababa with 13 district offices and 110 branches across the country. As of June 30, 2016, the paid-up capital of the Bank stood at birr 7.5 billion. Whereas the total number of employees was 2,059.

Photo - Board members and Executives of Development Bank of Ethiopia (DBE)

Photo – Board members and Executives of Development Bank of Ethiopia (DBE)

The Board of Management (BoM)
1/ Shiferraw Shigute – Board Chairperson

(Appointed on Dec. 2016)

Photo - Shiferraw Shigute, Board Chairperson of Development Bank of Ethiopia

Photo – Shiferraw Shigute

2/ Sileshi Lemma – Board Member  

(Appointed in 2008-2009)

Photo - Sileshi Lemma, Board Member of Development Bank of Ethiopia

Photo – Sileshi Lemma

3/ Wendu Legesse – Board Member

(Appointed on Dec. 2016)

Photo - Wendu Legesse, Board Member of Development Bank of Ethiopia

Photo – Wendu Legesse

4/ Tewodros Gebregziabher – Board Member

(Appointed on Dec. 2016)

Photo - Tewodros Gebregziabher, Board Member of Development Bank of Ethiopia

Photo – Tewodros Gebregziabher

5/ Desalegn Ambaw – Board Member

(Appointed on Dec. 2016)

Photo - Desalegn Ambaw, Board Member of Development Bank of Ethiopia

Photo – Desalegn Ambaw

6/ Wasihun Abate – Board Member

(Appointed in 2008-2009)

Photo - Wasihun Abate, Board Member of Development Bank of Ethiopia

Photo – Wasihun Abate

7/ Alem WoldeGerima – Board Member

(Appointed in 2008-2009)

Photo - Alem WoldeGerima, Board Member of Development Bank of Ethiopia

Photo -Alem WoldeGerima

The Executive Management Committee (EMC)
1/ Getahun Nana – President

Appointed on November 30, 2016.

Previous post: Vice Governor for Financial Institutions Supervision at the National Bank of Ethiopia.

Photo - Getahun Nana - President of Development Bank of Ethiopia

Photo – Getahun Nana

2/ Hadush Gebregziabiher – VP Corporate Services

Appointed on May 2, 2017.

Previous post: Director of Mekele District at DBE.

Photo - Hadush Gebregziabiher, VP Corporate Services of Development Bank of Ethiopia

Photo – Hadush Gebregziabiher

3/ Haileyesus Bekelle – VP Credit Management

Appointed on May 2, 2017.

Previous post: VP, Advisor to the President and acting VP of Corporate Services at DBE.

Photo - Haileyesus Bekelle, VP Credit Management of Development Bank of Ethiopia

Photo – Haileyesus Bekelle

4/ Getachew Waqi – VP Project Financing

Appointed on May 2, 2017.

Previous post: Director of Branch Operation Directorate at DBE.

Photo - Getachew Waqi, VP Project Financing of Development Bank of Ethiopia

Photo – Getachew Waqi

5/ Teshome Aelmayehu – VP Lease Financing

Appointed in Dec(?) 2016.

Previous post: Manager of Strategic Planning and Development Effectiveness Process at DBE.

Photo - Teshome Aelmayehu, VP Lease Financing of Development Bank of Ethiopia

Photo – Teshome Aelmayehu

6/ Endalkachew Mihretu – VP Finance and Banking

Appointed on May 2, 2017.

Previous post: Director of International Banking at Bunna International Bank.

Photo - Endalkachew Mihretu, VP Finance and Banking of Development Bank of Ethiopia

Photo – Endalkachew Mihretu

Senior Management Members
(In office at least since March 2017)

1/ Tsige Genet, Director, Customer Relationship Management Directorate I

2/ Zebideru Debebe (f), A/Director, Customer Relationship Management Directorate II

3/ Yilma Abebe, Director, Internal Audit Directorate

4/ Taye Jiru, Director, Project Rehabilitation and Loan Recovery Directorate

5/ Taddesse Tolcha, Project Appraisal Directorate I

6/ Genet Yirgu (f), Director, Project Appraisal Directorate II

7/ Gacho Wara, Director, Compliance and Risk Management Directorate

8/ Meseret Tilahun (f), Chairperson, Loan Approval Team I

9/ Tekle Zewde, Chairperson, Loan Approval Team II

10/ Workashe Chema, Director, Strategic Planning and Change Management Directorate

11/ Getnet Temechew, Director, Legal Affairs Directorate

12/ Markos AklileBirhan, Director, Human Resource Management Directorate

13/ Hailu Misganaw, A/Director, Corporate Promotion and Communication Directorate

14/ Dereje Daba, Director, Equipment Supply and Follow-up Directorate

15/ Gedion Mekonnen, Director, Lease Financing Follow-Up Directorate

16/ (  ), Director, Branch Operation Directorate

17/ Hunengaw Zegeye, Director, Project Data Management Directorate

18/ Tsehay Taye, Director, Project Follow-Up and Loan Collection Directorate I

19/ Bekabil Berhanu, Director, Project Follow-Up and Loan Collection Directorate II

20/ Tsegaye Negussie, Director, Project Evaluation and Loan Portfolio Management

21/ Samson Getachew, Director, Information Technology Services Directorate

22/ Tirfu Adhanom, Director, Finance and Accounts Management Directorate

23/ Yohannes Belachew, Director, International Banking Service Directorate

24/ Getachew Seyoum, Director, Property and Facility Management Directorate

25/ Frew Kassa, Director, Corporate Bond Management Directorate

26/ Berhanu Taye Tola, Director, Research and Business Development Directorate

27/ Worku Fekade, Manager, Ethics and Compliant Management Office

28/ Dr. Behailu Kassaye, Director, Special Fund Administration and RUFIP Directorate

29/ Abiyot Daida, Director, Engineering Service Directorate

30/ Kifle Haileyesus, Assistant to the President (Director Level)

31/ Ebba Regassa, Executive Assistant

32/ Getahun Checkol, Executive Assistant

33/ Wondesen Bazabeh, Executive Assistant

34/ Jemal Seid, Director, Hawasa District

35/ Sisay Biru, Director, Jimma District

36/ Atsbeha Abay, Director, Adama District

37/ Gebremedihin Hadera, Director, Addis Ababa District

38/ Aberu Asmamaw (f), Director, Bahir Dar District

39/ (   ), Director, Mekele District

40/ Kindyihun Bele, Director, Gondar Distric

41/ Tibebu Bezuneh, Director, Wolayita Sodo District

42/ Melese Maruta, Director, Butajira District

43/ Kedir Beshir, Director, Dessie District

44/ Hailu Fitta, Director, Diredawa District

45/ Eba Benti, Director, Nekemte District

46/ Teramaj Tesfaye, Director, Gambella District

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