Tag: National Bank of Ethiopia
Curtains close on minimum capital requirements
The deadline for under formation banks to come up to apply for the license with half a billion birr capital has come to an...
NBE’s crackdown on financial illegalities
National Bank of Ethiopia (NBE) announces that it is undertaking massive investigation on those who are involved on illegal financial sector activity including financial...
Insurers furious over gov’t bond stance
The insurance industry express their anger on the decision of the government that forces insurance firms to buy 15 percent bond from Development Bank...
No extension of deadlines prompts NBE
National Bank of Ethiopia (NBE) announces that it will not give any extension for the under formation banks to come up with the required...
NBE sets benchmark with new directive
National Bank of Ethiopia (NBE) has issued the first in its kind directive, ‘open market operations and standing facilities directive no. MFAD/OMO and SFs/001/2021’...
NBE amends bank executives’ directive
The National Bank of Ethiopia (NBE), replaces the ‘requirement for persons with significant influence in a bank’ directive within two years’ time to empower...
Freight forwarders express burden over NBE’s directive
Logistics operators argue that the amended directive of the National Bank of Ethiopia (NBE) on foreign currency earnings and retention is not putting in...
Consultancy to follow after ‘securities market’ ratification
A consultant that has wide expertise in coming up with the idea of a startup capital is expected to be hired as the next...
NBE drafts directive to modernize the money market
The National Bank of Ethiopia (NBE) is drafting a directive on Open Market Operations (OMO) and Standing Facilities (SF) to establish a formal and...
Some banks prohibited from issuing LC
Following the move of National Bank of Ethiopia (NBE) banning some financial firms from issuing letter of credit (LC) the week was catalyzed by...
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