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
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 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 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) 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) 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
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 LICENSING AND SUPERVISION OF BANKING BUSINESS -Ethiopian National Bank Directives
Directive No. SBB/19/96 Approval of Appointment of an Independent Auditor LICENSING AND SUPERVISION OF BANKING BUSINESS -Ethiopian National Bank Directives
LICENSING AND SUPERVISION OF BANKING BUSINESS -Ethiopian National Bank Directives 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 … Continue reading
