Governor of the National Bank (Central Bank) unveils the new bank directives (Stock market to start next year)
Posted: 18 Aug 2020, 17:27
- Depositing more than 1.5 million birr outside the bank system is now illegal.
- Banks are allowed to borrow directly from abroad.
- Stock exchange is coming (in final stage)
- Non-banking companies are allowed to do banking services such as ATMs and others
- Regional Micro finance institutions are now allowed to transform themselves into full banks
- Banks are allowed to borrow directly from abroad.
- Stock exchange is coming (in final stage)
- Non-banking companies are allowed to do banking services such as ATMs and others
- Regional Micro finance institutions are now allowed to transform themselves into full banks