CBE increases loan rates, faces backlash from industry stakeholders
The Commercial Bank of Ethiopia (CBE), a state-owned financial institution, has adjusted its credit interest rates, a decision that has incited criticism from industry stakeholders. Critics argue that the bank is misunderstanding its responsibility to protect the nation’s economic stability. Simultaneously, CBE has expanded its range of loan offerings.
Earlier this week, CBE announced the adjustment of its loan interest rates, marking the first revision in four years.
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Source: capitalethiopia
@Ethiopianbusinessdaily
The Commercial Bank of Ethiopia (CBE), a state-owned financial institution, has adjusted its credit interest rates, a decision that has incited criticism from industry stakeholders. Critics argue that the bank is misunderstanding its responsibility to protect the nation’s economic stability. Simultaneously, CBE has expanded its range of loan offerings.
Earlier this week, CBE announced the adjustment of its loan interest rates, marking the first revision in four years.
Read More
Source: capitalethiopia
@Ethiopianbusinessdaily