Central Bank Increases Minimum Paid-Up Capital to 5b Br

Apr 15 , 2021

Commercial banks in business have four years to increase their paid-up capital to five billion Birr. Banks under formation that have already raised an equity of over 500 million Br from the public are required to comply in seven years.

A directive issued by the National Bank of Ethiopia (NBE) on April 12, 2021, has more than doubled the minimum capital threshold, revising the existing directive issued in 2008. It is the second amendment after the minimum capital requirement was increased two years ago to two billion Birr.

Whether in business or under formation, all banks are required to submit their action plans for capital increase to the central bank, the directive says. The cut date for the minimum capital requirement is set for June 30, 2026.

Share This Post

Facebook

Twitter

Google+

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Central Bank Increases Minimum Paid-Up Capital to 5b Br

Related Posts

Most read

Latest News

Editor's pick

Commentaries

Africa's Minerals Shapes the Future of Global Power

Climate Action Requires Debt Relief

Fineline

Leaders of the National . . .

When the country’s most. . .

Editorial

When Pension Funds Nap Inflation Steals the Blanket

Policymakers Trudge Down a Path of Punitive Taxation

Overseas Job Push Evokes Hopes at Home, Hardship Abroad

Officials Bank on Student Service to Patch a Fractured Country

Gallery

Parliament Approves New Cabinet Members

Sunday With Eden

Is Struggle the Secret Ingredient in Parenting?

When the Lens Crosses a Line

Life Matters

Less Stuff, More Life

The House That Deceit Built

Drop us a message

COVID UPDATE

Central Bank Increases Minimum Paid-Up Capital to 5b Br

Africa's Minerals Shapes the Future of Global Power

Climate Action Requires Debt Relief

Leaders of the National . . .

When the country’s most. . .

When Pension Funds Nap Inflation Steals the Blanket

Policymakers Trudge Down a Path of Punitive Taxation

Overseas Job Push Evokes Hopes at Home, Hardship Abroad

Officials Bank on Student Service to Patch a Fractured Country

Parliament Approves New Cabinet Members

Is Struggle the Secret Ingredient in Parenting?

When the Lens Crosses a Line

Less Stuff, More Life

The House That Deceit Built

Drop us a message

COVID UPDATE

Recommend Links;