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This is a list of banks in Ethiopia, with summary data for the year 2023 (mostly June). [1] Bank Name Web Site Year Est. No of Branches SWIFT SHF Equity (ETB m)
On 15 March 2024, the Commercial Bank of Ethiopia (CBE) encounter systemic glitch that occurred between 12 a.m. and 3 a.m in local time. CBE released five notes within less than 24 hours, describing the bank failure as a systemic problem in its branch level. [4] CBE President Abe Sano said that much of the money was withdrawn by students. [5]
Ethiopia's government has decided to open up the country's banking sector to foreign investors, the prime minister's office said on Saturday, the latest measure aimed at drawing investment from ...
Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts. Long lines formed ...
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
Toulmin, the bank’s Ethiopian program director, said that the refugees’ accounts weren’t enough to outweigh the findings of field missions by the bank and other foreign donors that found no evidence of widespread forced evictions or human rights abuses. “At the end, we simply had to agree to disagree,” Toulmin said.
[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.
At some point after the creation of the State Bank of Ethiopia it reopened the transit office, which in time became a branch. CBE in 1969. In 1963, the Ethiopian government split the State Bank of Ethiopia into two banks, the National Bank of Ethiopia (the central bank), and the Commercial Bank of Ethiopia (CBE). [8]