The National Bank of Ethiopia lifts the loan freezing imposed on borrowers for entities and individuals acquiring a foreclosed properties.
The lifting will allow buyers of foreclosed properties from commercial banks get an access to loans.
The restriction has been also lifted for borrowers processing mortgage loans, while producers of coffee and sesame have been given the same access.
Likewise, similar measures have been applied to importers that have been allowed to get loan to settle payment for letter of credit.
