Directive No. SBB/13/1996
NAMING OF OFFICERS
1. Issuing Authority
These directives are issued by the National Bank of Ethiopia pursuant to the
authority vested in it by Article 41 of the Monetary and Banking Proclamation
No. 83/1994 and by article 36 of the Licensing and Supervision of Banking
Business Proclamation No. 84/1994.
Unless a General Manager, Chief Executive or Principal Officer of a bank is
member of the Board of Directors of the bank, it is prohibited to designate him as a Managing director.
3. Effective date
These Directives shall enter into force as of 8th day of April 1996