Sunday, June 16, 2024

Tag: Banking

Bill to allow gradual opening of financial sector

The National Bank of Ethiopia (NBE) is revising the Banking Business Proclamation, as part of its legal framework amendment aimed at allowing foreign banks...

Central Bank to green light ethio telecom’s micro credit permit request

The National Bank of Ethiopia (NBE) will green light ethio telecom’s request to offer a digital micro-credit and saving services via its Telebirr platform,...

Amhara bank requests operational license to launch service this month

Central bank is evaluating its readiness One of the new entrants to the banking industry, Amhara Bank, filed a request at the central bank to...

Central Bank begins drafting new directive for specialized banks

Officials at the National Bank of Ethiopia (NBE) are drafting a new directive to set new requirements needed to establish a mortgage bank in...

Private creditor to provide one billion birr to homebuyers

Plans to charge an interest rate below 15 percent Ethiopia’s first self-proclaimed private mortgage bank, Goh Betoch Bank, announced its plans to disburse one billion...

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