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National Bank of Ethiopia

This tag is associated with 9 posts

Capital Goods Leasing Business (Amendment) Proclamation No. 807/2013


PROCLAMATION No. 807/2013 PROCLAMATION TO AMEND THE CAPITAL GOODS LEASING BUSINESS PROCLAMATION WHEREAS, it has became necessary to amend the Capital Goods Leasing Business Proclamation No.103/ 1998; NOW, THEREFORE, in accordance with Article55 (1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: 1. Short Title This Proclamation … Continue reading

Regulation of Mobile and Agent Banking Services National Bank of Ethiopia Directives No. FIS /0112012


LICENSING AND SUPERVION OF THE BUSINESS OF FINANCIAL INSTITUIONS DOWNLOAD (.pdf) Regulation of Mobile and Agent Banking Services Directives No. FIS /0112012 Whereas, use of technology and innovative financial service delivery channels such as mobile devices and agents have significant contribution in deepening financial service accessibility to the wider section of the population at an … Continue reading

2009/10 (2002 E.C.) Council of Ministers Regulations


Regulation no. 160-2009 National Lottery Administration Re-establishment Regulation no. 161-2009 Coffee Quality Control and Transaction Regulation no. 162-2009 Irrigation Development Investment Incentives Regulation no. 163-2009 Wildlife Development, Conservation and Utilization Regulation no. 164-2009 Council of Ministers Income Tax (Amendment) Regulation no, 165-2009 Ethiopian Postal Service Enterprise Establishment Regulation no. 166-2009 Work Permit Fees (As Amended) … Continue reading

Limits on Board Remuneration and Number of Employees Who Sit on a Bank Board Directives No. SBB/49/2011


Brief Note This directives limits the total remuneration to be payed to members of board of directors of a bank to a maximum of 74, 000.00 Birr. (Fifty two thousand Birr)According to article 4.1 of the directive,  Annual board compensation to a director shall not exceed birr 50,000 (fifty thousand birr). In addition o this … 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

The Requirements to Carry on Insurance Business in Ethiopia


(Taken from Law of Banking, Negotiable Instruments and Insurance Prepare by Fasil Alemayehu and Merhatbeb Teklemedhn Sponsoredby Justice Justice and Legal System Research Institute)            The Requirements to Carry on Insurance Business Art 656 of the Commercial Code provides that the law shall determine the conditions under which physical persons or business organizations may carry … Continue reading

PROCLAMATION No. 718/2011 A PROCLAMATION TO PROVIDE FOR NATIONAL PAYMENT SYSTEM


PROCLAMATION No. 718/2011 A PROCLAMATION TO PROVIDE FOR NATIONAL PAYMENT SYSTEM WHEREAS, the national payment system is an essential component of the financial infrastructure of the country, whose safety, security and efficiency is critical to ensure financial stability, economic growth and financial inclusiveness; WHEREAS, it has became necessary to provide rules on establishment, governance, operation, … Continue reading

PROCLAMATION NO. 591/2008. A PROCLAMATION TO AMEND THE NATIONAL BANK OF ETHIOPIA ESTABLISHMENT PROCLAMATION


PROCLAMATION NO. 591/2008.   DOWNLOAD (pdf) A PROCLAMATION TO AMEND THE NATIONAL BANK OF ETHIOPIA ESTABLISHMENT PROCLAMATION WHEREAS, for the rapid economic development of Ethiopia stable price and foreign exchange rate and healthy financial system are being necessary; WHEREAS, it is necessary for the National Bank of Ethiopia to undertake such other activities as are conforming … Continue reading

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