Establishment and Operation of Treasury Bonds (Directive No. 956/2022)
This directive establishes and outlines the operational procedures for Treasury Bonds in Ethiopia, setting guidelines for their issuance, purchase, transfer, redemption, and penalties for non-compliance. It aims to enhance bank participation in supporting the Ethiopian economy.
Licensing, Credit Information and Examination Fees of Microfinance Institutions (Directive No. 951/2022)
This directive revises and introduces new fees for services provided by the National Bank of Ethiopia to microfinance institutions, including licensing, credit information, and examination fees. It also repeals specific articles from previous directives.
Licensing and Credit Information Fees of Capital Goods Finance Companies (Directive No. 950/2022)
This directive establishes new licensing and credit information fees for capital goods finance companies in Ethiopia and repeals specific articles from previous directives.
Fees on Cash Processing, Sale of Gold/Silver and Cost of Boxes (Directive No. 948/ 2022)
This directive establishes fees for the sale of gold and silver coins, as well as fees for cash processing and the cost of boxes for currency transportation.
Penalty for Non-Compliance with the Directives of the National Bank (Directive No. 955/2022)
This directive establishes penalties for payment instrument issuers and payment system operators that fail to comply with National Bank of Ethiopia directives, outlining specific fines for violations related to transaction limits, other non-compliance, and report submissions.
Fees for National Bank’s Payment System Oversight, Licensing, and Authorization Services (Directive No. 944/2022)
This directive establishes new and revised fees for the National Bank of Ethiopia's payment system oversight, licensing, and authorization services for payment instrument issuers and payment system operators.
Licensing, Credit Information and Examination Fees on Banks (Directive No. 952/2022)
This directive revises and introduces new fees for banking services provided by the National Bank of Ethiopia, covering licensing, credit information, and examination.
Ethiopian Automated Transfer System (EATS) Fees and Penalties (Directive No. 943/2022)
This directive establishes fees, penalties, and incentives for the Ethiopian Automated Transfer System (EATS) to ensure its safe, efficient, and reliable operation, and to improve service quality. It outlines specific charges for joining, membership, various transaction types, e-token services, and penalties for non-compliance or delays, alongside incentives for early or high-volume settlements.
Pharmacovigilance Directive No. 932/2022
This directive establishes a pharmacovigilance system for monitoring adverse drug events, quality defects, and medication errors related to medicines. It outlines reporting procedures, investigation processes, and regulatory actions to ensure the safety, quality, and efficacy of medicines in Ethiopia. The directive also defines the roles and responsibilities of various stakeholders, including healthcare facilities, regulatory bodies, healthcare professionals, patients, and market authorization holders.
Cooperative Societies Inspection Directive No. 922/2022
This directive outlines the procedures and standards for inspecting cooperative societies in Ethiopia. It details the powers and responsibilities of the Ethiopian Cooperative Commission and cooperative inspectors, the rights and obligations of cooperatives, and various penalties for non-compliance. The directive aims to ensure that cooperatives operate in accordance with laws and regulations, benefit their members, and contribute to the national economy.
Reserve Requirement – 8th Replacement Directive No. 915/2022
This directive replaces the 7th Replacement Directive concerning reserve requirements for banks operating in Ethiopia. It mandates banks to maintain specific reserve balances with the National Bank of Ethiopia (NBE) and outlines computation methods, reporting requirements, and penalties for non-compliance.
Limitation on Investment of Banks (Directive No. 192/2021)
This directive amends the previous 'Limitation on Investment of Banks Directive No.SBB/60/2015' by establishing new limits on how banks can invest in non-banking businesses, insurance companies, and real estate. It also clarifies which activities are considered core banking business and which are restricted. Banks must report equity investments and develop internal investment policies.
Manner of Relinquishing Shareholdings of Foreign Nationals of Ethiopian Origin in a Bank or an Insurer (Directive No. 194/2021)
This directive outlines the procedures for foreign nationals of Ethiopian origin to relinquish their shareholdings in Ethiopian banks and insurance companies. It specifies the timeline for surrendering shares, the valuation method (par value), dividend payments, and the process for selling the relinquished shares through public auction. The directive also details reporting requirements for financial institutions to the National Bank of Ethiopia.
Licensing and Supervision of Banking Business Legal Reserve (Directive No. 198/2021)
This directive outlines the requirements for banks to transfer a portion of their net profit to a Legal Reserve Account until it equals the bank's capital.
Monitoring the Nationality of Shareholders of a Bank (Directive No. 195/2021)
This directive establishes mechanisms for banks to monitor and ensure that their shareholders are exclusively Ethiopian nationals or institutions wholly owned by Ethiopian nationals, in accordance with existing banking laws.