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Ethopia: New report reveals concentration of banking loans among few borrowers persists, agriculture sector sidelined  

Ethopia: New report reveals concentration of banking loans among few borrowers persists, agriculture sector sidelined  

Africa Links 24 with Addis Standard2
Published on 2024-12-02 11:02:39

(Photo: AFP)

Addis Abeba – A striking imbalance persists within Ethiopia’s banking industry, where a mere 0.5% of borrowers hold nearly three-quarters of all loans, while the agricultural sector continues to be marginalized in terms of credit access.

A new report from the National Bank of Ethiopia (NBE) reveals that large borrowers—those with credit exposure exceeding 10 million birr—hold 74.8% of total loans.

The NBE attributes this significant concentration of credit to “the past practice of large-scale lending to major state…

Read the full article on Addis Standard

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