Tag: National Bank of Ethiopia

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ET Switch Completed Transactions worth 1.2 Billion Birr

ET Switch SC, company established by the banks in Ethiopia and the National Bank of Ethiopia, disclosed it completed transactions worth 1,175,089,410 Birr since it

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Native Ethiopians Need to Bridge a Transition to Liberalization

Last week, the National Bank of Ethiopia issued a new directive-Manner of Relinquishing Shareholding of Foreign Nationals of Ethiopian Origin in a Bank or Insurer.

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National Bank of Ethiopia tells Foreign Nationals to return share certificates

The National Bank of Ethiopia (NBE) has issued a directive to all banks instructing that all shareholders with foreign citizenship should return their share certificates to the banks. The

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Ethiopia looks to Islamic Finance to tap Domestic Savings

Ethiopia's central bank aims to develop Islamic finance to help expand financial access and inclusion, part of wider government efforts to mobilize domestic resources to

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Zemen Bank In Ethiopia Receives A Serious Blow

Delivering a serious blow to Zemen Bank, one of the players in the private banking industry of Ethiopia, which is also known for operating on

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Bank’s Aggregate Capital Increased By 19 Percent

National Bank of Ethiopia (NBE) disclosed aggregate capital of banks in Ethiopia has increase by 19 percent during the 2014/2015 fiscal year. The annual report of

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Banks To Issue Standardized Cheques

National Bank of Ethiopia (NBE) is to pilot use of standardized cheques in all banks of Ethiopia beginning from the end of November 2015, Addis

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Shake-Up At Cooperative Bank Of Oromia

This week saw a major shake-up at the Cooperative Bank of Oromia (CBO), a stellar private bank, which for two years in a row ranked

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National Bank Of Ethiopia Sacks CBO's Top Officials

The National Bank of Ethiopia has dismissed top officials of the Cooperative Bank of Oromia, The Reporter has learnt. Among the official who were dismissed include

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NBE Approves Dashen’s Asfaw Alemu As President

National Bank of Ethiopia (NBE) has approved the appointment of Acting President of Dashen, Asfaw Alemu as president on Friday, May 15, 2015, Addis Fortune

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Ethiopian Reinsurance Companies Under Formation

A consortium of 13 insurance companies swung into action to establish a re-insurer following the issuance of a directive on May1, 2014 by the National

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Ethiopia To Introduce Secondary Bond Markets Next Year

 Ethiopia will develop a secondary market in government and corporate bonds next fiscal year to expand the country’s fundraising options, a central bank official said. The

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