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The National Bank of Ethiopia (NBE; Amharic: የኢትዮጵያ ብሔራዊ ባንክ) is the central bank of Ethiopia. Its headquarters are in the capital city of Addis Ababa. Mamo Mihretu is the current governor of the bank. [2] The bank is active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion ...
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[2] [3] In 1963, a new banking law allows split into the National and Commercial Bank of Ethiopia. The law included other commercial banks to operate, including foreign banks operated 51% owned by Ethiopians. The biggest of these was the Addis Ababa Bank, owned by 40% owned by British owned Grindlays Bank, and had 26 branches by 1975.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
Teklewold Atnafu (Ge'ez: ተክለወልድ አጥናፉ; born on 26 October 1963) is an Ethiopian politician who governed National Bank of Ethiopia for nearly two decades. [1] [2] Teklewold is serving as a board member for the Commercial Bank of Ethiopia since 2020. [3]
Governors of National Bank of Ethiopia (4 P) This page was last edited on 11 November 2021, at 09:05 (UTC). Text ... This page was last edited on 11 November 2021, ...
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
Addis Ababa Bank was an affiliate that National and Grindlays Bank had established in 1963 and of which it owned 40%. At the time of nationalization, Addis Ababa Bank had 26 branches. The merger of Addis Ababa Bank with CBE made CBE the sole commercial bank in Ethiopia, with 128 branches and 3,633 employees. [6]