Compared to the previous year, annual profit of Bunna International Bank of Ethiopia has declined by about 43 million Birr…
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Ethiopia allows local banks to borrow from foreign banks
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local…
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New bank set to enter Ethiopia market
Goh Betoch Bank, a new financial institution that aims to reintroduce mortgage banking (loan for housing construction) in Ethiopia, offers…
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Ethiopia opens banking business for foreigners with Ethiopian descent
The House of Peoples’ Representatives (Ethiopian Parliament), in its second urgent session today, has approved draft proclamations of banking.
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Ethiopia’s state bank deposit surpasses $17 billion
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently…
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Ethiopia PM discusses reform with bankers
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms…
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Banking in Ethiopia remains promising in the face of adversity
The banking sector in Ethiopia remains promising through it has been changed by both infrastructure and stringent policies and regulations,…
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Addis host Ethiopia Banking, Information Communications Technology Summit
Aiming at familiarizing banking professionals with the latest industry trends and technology solutions for emerging challenges in the banking industry,…
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Banking business in Ethiopia booming
Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing…
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