Ethiopian News, Current Affairs and Opinion Forum
Ethoash
Senior Member+
Posts: 26144
Joined: 20 Apr 2013, 20:24

how access bank killed holland car , Ethiopian first car

Post by Ethoash » 02 Aug 2019, 12:27



ACCESS bank u know who killed the founder ኤርሚያስ አመልጋ now they killed holland car

it start out with loan approval, once the loan approved and Holland car in good faith imported car part with out notice access bank canceled the loan released date and delay it for next 6 month at this time the damage already done ...

this ceo of access bank try to tell us the bank have right to cancel anytime ... once the loan signed and closed the bank cant cancel it because a lot of cost involved by then the Holland car already imported the car part thinking the loan will be there for him to pay the cost ...

the smart CEO telling us HOLLAND CAR CEO should have other means to pay if that the case why he need to borrow .. even if they cancel the loan why they did not give him back his collateral so that he can get loan from other bank ... u cant deny loan while holding collateral this is all around sad story..

i think Dr, Abiy must be involved and bailout holland company .. Dr. Abiy should have billion of dollar for war chest... which he can give away for promising company for example Access bank is failing they go back to traditional bank where they keep on opening branch far cry from ኤርሚያስ አመልጋ dream . so bringing ኤርሚያስ አመልጋ and tell him to run the show ... if we want to win the war over poverty this is the general we should use..

another one is addis fortune newspaper is responsible for all failure of access bank, and real estate development and Holland bank and many other business failure those newspaper should be held responsible why they report bad news about the industry and kill them ....