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.
The Board of Management (BoM)
1/ Shiferraw Shigute – Board Chairperson
(Appointed on Dec. 2016)
2/ Sileshi Lemma – Board Member
(Appointed in 2008-2009)
3/ Wendu Legesse – Board Member
(Appointed on Dec. 2016)
4/ Tewodros Gebregziabher – Board Member
(Appointed on Dec. 2016)
5/ Desalegn Ambaw – Board Member
(Appointed on Dec. 2016)
6/ Wasihun Abate – Board Member
(Appointed in 2008-2009)
7/ Alem WoldeGerima – Board Member
(Appointed in 2008-2009)
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.
2/ Hadush Gebregziabiher – VP Corporate Services
Appointed on May 2, 2017.
Previous post: Director of Mekele District at DBE.
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.
4/ Getachew Waqi – VP Project Financing
Appointed on May 2, 2017.
Previous post: Director of Branch Operation Directorate at DBE.
5/ Teshome Aelmayehu – VP Lease Financing
Appointed in Dec(?) 2016.
Previous post: Manager of Strategic Planning and Development Effectiveness Process at DBE.
6/ Endalkachew Mihretu – VP Finance and Banking
Appointed on May 2, 2017.
Previous post: Director of International Banking at Bunna International Bank.
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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