Fineline | Mar 16,2019
April 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.
Fineline | Mar 16,2019
Fortune News | Jan 25,2020
Radar | Sep 10,2021
Fortune News | Aug 14,2021
Fortune News | Nov 27,2018
My Opinion | Dec 25,2021
Viewpoints | Dec 11,2021
View From Arada | Feb 01,2020
Sunday with Eden | May 23,2021
Radar | Jan 31,2021
Fortune News | 43216 Views | Jul 18,2020
Fortune News | 36699 Views | Sep 01,2021
Photo Gallery | 32320 Views | May 06,2019
Photo Gallery | 29416 Views | Mar 17,2019
The terms corporate accountability, corporate ethics, corporate citizenship, corporat...
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...
When the country’s most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...
January 15 , 2022
Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is...
January 7 , 2022
There has not been much research to put a number on high costs wars inflict on Africa...
January 1 , 2022
It is a norm to emphasise grand structural changes to address the myriad political pr...
December 25 , 2021
In the words of Herbert Hoover, the 31st president of the United States, it is older...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
I lived in Tanzania some time ago, working on a project. I met new people who came f...
Or see contact page