Development Bank of Ethiopia operates as a finance institution in Ethiopia. The company offers current accounts, time deposits, safety deposits, and demand deposits. Its loan portfolio comprises agricultural, industrial, fertilizer, and other business loans. The company also offers medium and long term loans for investment projects, which are engaged in agriculture, agro-processing, and manufacturing industries. It operates approximately 32 branches in Ethiopia. The company was formerly known as Agricultural and Industrial Development Bank and changed its name to Development Bank of Ethiopia in 1994. Development Bank of Ethiopia was founded in 1909 and is headquartered in Addis Ababa, Ethiopia.