Development Bank Loses Its President




Esayas Bahre, long serving president of Development Bank of Ethiopia has left his post, effective November 18, 2016.

Esayas’ tenure came to an end when he received a letter of dismissal from the Public Financial Institutions Supervision Agency, signed by Director General, Sintayehu Woldemichael.

No explanation for his removal was mentioned in the letter, according to source from the Bank.

Esayas, 52 began his career in banking industry at the Commercial Bank of Ethiopia, working his way up to Vice President of Branch Operation & Coordination. He became president of the DBE in 2008

“I am of thinking of having a rest for now,” Esayas told Fortune.

“So far no new nominees for the position of President have come from the Agency,” said Behailu Kassaye (PhD), communication director of DBE.



Published on Nov 28,2016 [ Vol 17 ,No 865]


SHARE :
               


Editorial

The honeymoon appears to have come to an end. Members of the public are...


Agenda

The rapprochement between Ethiopia and  Eritrea has led to the signing...


Fineline

The Revolutionary Democrats concluded their council...


Commentary

The National Bank of Ethiopia needs to take measures to improve the red...


Viewpoint

I love and respect Prime Minister Abiy Ahmed (PhD). I want him to succ...


Opinion

Back in the middle of June, when all the jubilation and hope was in ful...


View From Arada

The rallies of the past weeks are healthy manifestations of citizens’...


Editors Pick
















MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 

SUBSCRIBE TO ADDISFORTUNE


//