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Directives

This category contains 28 posts

Directive No 46/2007 Issued to Provide for the use of Sales Register Machines


Directive No 46/2007 Issued to Provide for the use of Sales Register Machines  1.      Issuing Authority This Directive is issued by the Minister of Revenue pursuant to the power given by Article 22 of the council of Ministers Regulations to provide for the obligatory use of sales Register machines No 139/2007. PART ONE GENERAL  2.      … Continue reading

Basic requirements for the formation of a consortium of Charities and Societies


Basic requirements for the formation of a consortium of Charities and Societies Following the coming in to force of Charities and Societies Proclamation no. 621-2009, the executive organ has issued regulations and directives for the implementation of the law. The Council of Ministers, which is delegated with a general power of issuing regulations for the … Continue reading

Interest Free Banking Directives Number SBB/51/2011


LICENSING AND SUPERVISION OF BANKING BUSINESS Directives to Authorize the Business of Interest Free Banking   DOWNLOAD (PDF) Directives Number SBB/51/2011 WHEREAS there has been increasingly strong public demand for interest free banking products in Ethiopia; WHEREAS supply of such products by banks has to be carried out in a safe and sound manner; WHEREAS there … Continue reading

ASSET CLASSIFICATION AND PROVISIONING FOR DEVELOPMENT FINANCE INSTITUTIONS Directives No. SBB/ 48/2010


LICENSING AND SUPERVISION OF BANKING BUSINESS Directives No. SBB/ 48/2010     DOWNLOAD (PDF) ASSET CLASSIFICATION AND PROVISIONING FOR DEVELOPMENT FINANCE INSTITUTIONS 1. Issuing Authority These Directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by articles 21 and 22 of Banking Business Proclamation No. 592/2008. 2. Short Title These … Continue reading

Directive No. SBB/40/2006 AMENDMENT OF BRANCH OPENING


Directive No. SBB/40/2006 AMENDMENT OF BRANCH OPENING Directive No.  SBB/40/2006 AMENDMENT OF BRANCH OPENING 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 Article 5(4) of the Licensing and Supervision of Banking … Continue reading

Directive No. SBB/41/2007 Transfer Duties and Responsibilities Related to Establishment and Operation of Export Credit Guarantee Scheme from the National Bank of Ethiopia


Directive No. SBB/41/2007 Directives to Transfer Duties and Responsibilities Related to Establishment and Operation of Export Credit Guarantee Scheme from the National Bank of Ethiopia to Development Bank of Ethiopia Whereas, national exporters need to compete on an equal footing with other exporters in increasingly competitive foreign markets and satisfy foreign buyers’ requirements; Whereas, it … Continue reading

Directive No. SBB/45/2008 RESERVE REQUIREMENT (4th Replacement)


Directive No. SBB/45/2008 RESERVE REQUIREMENT (4th Replacement) Whereas, the National Bank of Ethiopia is vested with powers, duties and responsibilities of monetary management and regulation and supervision of banks; Whereas, statutory reserve requirement, which obliges banks to hold a proportion of their deposit balance with the National Bank of Ethiopia, is one of the important … Continue reading

Directive No. SBB/44/2008 LIQUIDITY REQUIREMENT (3rd replacement)


Directive No. SBB/44/2008 LIQUIDITY REQUIREMENT (3rd replacement) 1. Issuing Authority This 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 16 of the Licensing and Supervision of Banking Business Proclamation No. 84/1994. 2. Definitions … Continue reading

LICENSING AND SUPERVISION OF BANKING BUSINESS -Ethiopian National Bank Directives « Ethiopian Legal Breif


Directives No. SBB/46/2010 Customer Due Diligence of Banks WHEREAS, sound know your customer policies and procedures constitute an essential part of internal control and risk management aspects of banks; WHEREAS, there is a need to strengthen internal control and risk management systems of banks to prevent them from exposure to undue reputational, operational, legal and … Continue reading

Directive No. SBB/21/96 Manner of Reporting Financial Information


Directive No. SBB/21/96 Manner of Reporting Financial Information LICENSING AND SUPERVISION OF BANKING BUSINESS -Ethiopian National Bank Directives

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