National Bank of Ethiopia
- News
Banks get more lending room as central bank loosens annual credit limit
(Photo: Michele Spatari/Bl) Addis Abeba –The central bank has eased the annual credit growth restrictions on commercial banks, enabling financial institutions…
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Parliament approves banking proclamation, allowing foreign banks to enter Ethiopia’s financial sector
(Photo: Michele Spatari/Bl) Addis Abeba – After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for…
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New report reveals concentration of banking loans among few borrowers persists, agriculture sector sidelined
(Photo: AFP) Addis Abeba – A striking imbalance persists within Ethiopia’s banking industry, where a mere 0.5% of borrowers hold nearly…
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NBE eases rules for exporters, allowing 50% retention of foreign currency earnings
Mamo Mihretu, Governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – The National Bank of Ethiopia (NBE) has revised…
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NBE mandates adoption of standardized QR codes for digital payments
(Photo: Ethio telecom) Addis Abeba – The National Bank of Ethiopia (NBE) has announced a directive mandating all payment service…
Read More » - Business
Central bank caps forex spread to 2%, tightens transparency on FX fees
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) Addis Abeba – The National Bank of Ethiopia…
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Authorities report significant narrowing of official-parallel market gap a month after reform; launch new remittance campaign to spur foreign market convergence
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – A month following Ethiopia’s transition from a fixed…
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Central bank revises gold pricing policy, eliminates guaranteed premium for local suppliers
(Photo: Social Media) Addis Abeba – The National Bank of Ethiopia (NBE) has announced a major overhaul of its gold pricing policy,…
Read More » - In-Depth Analysis
Ethiopia’s Forex Market Reforms: Tumble or Turnaround?
Following the forex reform, the local birr had exchange rate as high as 90.6 birr per US dollar on 02…
Read More » - Commentary
A plea for evidence-based and relevant monetary policy
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Ayele Gelan (PhD) Addis Abeba – In pursuit of…
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