
Radar | Nov 16,2019
Jun 14 , 2022
Regulators at the central bank have cut reserve requirements for commercial banks down by half to five percent.
It comes less than a year after the banking supervision directorate at the National Bank of Ethiopia (NBE) raised the requirement to 10pc of deposits. The reversal is hoped to ease the liquidity problem the industry faces. Finance Minister Ahmed Shide raised liquidity issues in the banking industry during question time in Parliament a couple of weeks ago.
Banks are compelled to keep their monthly average reserve-to-deposit ratio at no less than seven percent. The updated directive became effective last week.
Fortune News | Mar 13,2021
Fortune News | Mar 09,2019
Agenda | Jan 15,2022
Fortune News | Jun 27,2020
Radar | Aug 14,2021
Photo Gallery | 67463 Views | May 06,2019
Photo Gallery | 59233 Views | Apr 26,2019
Fortune News | 51882 Views | Jul 18,2020
Fortune News | 51526 Views | Sep 01,2021
Mar 25 , 2023
At a crossroads, Addis Abeba finds itself on the precipice of monumental transformati...
Mar 18 , 2023
Ethiopia's economy once hailed as a paragon of growth and development, now faces a co...
Mar 11 , 2023
Ethiopia is rapidly emerging as one of China's top African debtors, second only to An...
Mar 4 , 2023
Once again, Ethiopia has claimed international attention in the past few weeks for re...