Ethiopia - 2008 - Finance

Banking Business Proclamation

Council of Ministers/National Bank of Ethiopia, Ethiopia

Banks play an important economic role globally. They serve as tools for re-channeling funds throughout the sectors of the economy. They could also play negative roles as related to the stability of the economy without proper checks and balancing. This proclamation therefore intends to facilitate “safety, soundness and stability of the banking system by having a comprehensive law for the licensing and supervision of the banking business”.

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Banking Business Proclamation Current Version

January 2022

Banks play an important economic role globally. They serve as tools for re-channeling funds throughout the sectors of the economy. They could also play negative roles as related to the stability of the economy without proper checks and balancing. This proclamation therefore intends to facilitate “safety, soundness and stability of the banking system by having a comprehensive law for the licensing and supervision of the banking business”.

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