📌 Major Changes in the New NBE Proclamation:
💰 Short-Term Debt Instruments: It allows the NBE to issue its own short-term debt instruments as part of open market operations.
🖥 Regulatory Sandbox: The bill establishes and implements a regulatory sandbox framework to facilitate the testing and introduction of new and innovative financial services in the market.
💰 Authorized Capital: The authorized capital of the NBE is set at 20 billion Birr, with a minimum paid-up capital of 10 billion Birr, an increase from the previous half a billion Birr.
💰 General Reserve Fund: The net profit will be transferred to the General Reserve Fund until it equals 5% of the monetary liabilities of the NBE.
👨💼 Board Composition: The board of the National Bank will expand from seven to nine members.
💼 Financial Stability Committee: A Financial Stability Committee with seven members will be established under the NBE to regularly assess, analyze, and identify systemic risks to the financial system, propose macro and microprudential policies, and recommend policies related to the Lender of Last Resort and other crisis management tools.
💼 Monetary Policy Committee: A Monetary Policy Committee with seven members will also be established under the NBE, responsible for preparing and proposing monetary policy.
💰 Central Bank Digital Currency: The Board may issue directives regarding the operation of Central Bank Digital Currency.
@PatternFin
💰 Short-Term Debt Instruments: It allows the NBE to issue its own short-term debt instruments as part of open market operations.
🖥 Regulatory Sandbox: The bill establishes and implements a regulatory sandbox framework to facilitate the testing and introduction of new and innovative financial services in the market.
💰 Authorized Capital: The authorized capital of the NBE is set at 20 billion Birr, with a minimum paid-up capital of 10 billion Birr, an increase from the previous half a billion Birr.
💰 General Reserve Fund: The net profit will be transferred to the General Reserve Fund until it equals 5% of the monetary liabilities of the NBE.
👨💼 Board Composition: The board of the National Bank will expand from seven to nine members.
💼 Financial Stability Committee: A Financial Stability Committee with seven members will be established under the NBE to regularly assess, analyze, and identify systemic risks to the financial system, propose macro and microprudential policies, and recommend policies related to the Lender of Last Resort and other crisis management tools.
💼 Monetary Policy Committee: A Monetary Policy Committee with seven members will also be established under the NBE, responsible for preparing and proposing monetary policy.
💰 Central Bank Digital Currency: The Board may issue directives regarding the operation of Central Bank Digital Currency.
@PatternFin
👍1
A transformative shift in the banking industry is unfolding in 🇪🇹 as the draft legislative is ratified on today.
Pic ©️ Fasika Tadesse
#BankingBusinessProclamation
#NBE
@PatternFin
Pic ©️ Fasika Tadesse
#BankingBusinessProclamation
#NBE
@PatternFin
👍1
Ethiopia Opens Doors to Foreign Banks: Landmark Proclamation Paves the Way for International Investment
The National Bank of Ethiopia (NBE) has secured approval for its draft proclamation, introducing transformative reforms aimed at ensuring economic stability, fostering innovation, and strengthening governance.
At the heart of the proclamation is a recalibrated monetary policy framework, empowering the NBE to prioritize its objectives and deploy the most effective tools to achieve its goals. This includes the establishment of a Monetary Policy Committee to enhance decision-making and improve policy outcomes.
A bold feature of the reform is the introduction of a legal framework for a central bank digital currency (CBDC), signaling Ethiopia’s readiness to explore next-generation financial solutions and digitized monetary systems. Experts believe this could pave the way for greater financial inclusion and efficiency.
The proclamation also strengthens Ethiopia’s financial safety nets through the creation of a National Financial Stability Committee, tasked with safeguarding the resilience of the financial sector amid economic shifts. Furthermore, new measures will formalize price stability targets, designed in consultation with key government stakeholders to curb inflation and promote sustainable growth.
On the governance front, the proclamation redefines leadership structures, specifying the tenure, composition, and eligibility criteria for the NBE Board, Governor, and Vice Governors, ensuring greater accountability and transparency at the institution’s helm. It also sets clearer rules for the NBE’s relationship with the government, particularly concerning borrowing limits and loan repayment modalities, to foster fiscal discipline.
Significantly, the proclamation addresses consumer protection by establishing a legal framework to safeguard financial service users—an increasingly vital need as Ethiopia’s banking and fintech sectors evolve rapidly.
In a parallel development, Ethiopia’s Parliament has passed a landmark banking proclamation that opens the door for foreign banks to enter the country’s financial sector. The new legislation allows foreign banks to purchase shares in local banks and, with case-by-case approval from the NBE, to fully acquire them. This reform marks a major step in opening Ethiopia’s banking industry to international investment, further enhancing the country’s financial ecosystem. Via #AddisInsight
#NBE
#BankingBusiness
#ForeignBanksEntry
@PatternFin
The National Bank of Ethiopia (NBE) has secured approval for its draft proclamation, introducing transformative reforms aimed at ensuring economic stability, fostering innovation, and strengthening governance.
At the heart of the proclamation is a recalibrated monetary policy framework, empowering the NBE to prioritize its objectives and deploy the most effective tools to achieve its goals. This includes the establishment of a Monetary Policy Committee to enhance decision-making and improve policy outcomes.
A bold feature of the reform is the introduction of a legal framework for a central bank digital currency (CBDC), signaling Ethiopia’s readiness to explore next-generation financial solutions and digitized monetary systems. Experts believe this could pave the way for greater financial inclusion and efficiency.
The proclamation also strengthens Ethiopia’s financial safety nets through the creation of a National Financial Stability Committee, tasked with safeguarding the resilience of the financial sector amid economic shifts. Furthermore, new measures will formalize price stability targets, designed in consultation with key government stakeholders to curb inflation and promote sustainable growth.
On the governance front, the proclamation redefines leadership structures, specifying the tenure, composition, and eligibility criteria for the NBE Board, Governor, and Vice Governors, ensuring greater accountability and transparency at the institution’s helm. It also sets clearer rules for the NBE’s relationship with the government, particularly concerning borrowing limits and loan repayment modalities, to foster fiscal discipline.
Significantly, the proclamation addresses consumer protection by establishing a legal framework to safeguard financial service users—an increasingly vital need as Ethiopia’s banking and fintech sectors evolve rapidly.
In a parallel development, Ethiopia’s Parliament has passed a landmark banking proclamation that opens the door for foreign banks to enter the country’s financial sector. The new legislation allows foreign banks to purchase shares in local banks and, with case-by-case approval from the NBE, to fully acquire them. This reform marks a major step in opening Ethiopia’s banking industry to international investment, further enhancing the country’s financial ecosystem. Via #AddisInsight
#NBE
#BankingBusiness
#ForeignBanksEntry
@PatternFin
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Siinqee Bank
Siinqee Bank's Shareholders have Voted to Establish an Investment Bank Subsidiary.
Siinqee Bank's shareholders have voted to establish an investment bank as part of a broader plan to enter Ethiopia's capital market ecosystem.
The founding president Neway Megerssa announced that Deloitte was selected as an advisor to develop a business plan within three months, following an international bid. Deloitte, licensed by the Ethiopia Capital Market Authority (ECMA), is one of the firms qualified for this role.
Via #Capital Markets in Ethiopia
#InvestmentBank
#Deloitte
#ECMA
@PatternFin
Siinqee Bank's Shareholders have Voted to Establish an Investment Bank Subsidiary.
Siinqee Bank's shareholders have voted to establish an investment bank as part of a broader plan to enter Ethiopia's capital market ecosystem.
The founding president Neway Megerssa announced that Deloitte was selected as an advisor to develop a business plan within three months, following an international bid. Deloitte, licensed by the Ethiopia Capital Market Authority (ECMA), is one of the firms qualified for this role.
Via #Capital Markets in Ethiopia
#InvestmentBank
#Deloitte
#ECMA
@PatternFin
👍1
Our commercial banks are heralding us with their intent to establish investment banks. Do they have competitive advantages for this nascent industry?
Delving beyond the surface of similar industry names, while commercial banks primarily focus on accepting deposits and providing loans, investment banks specialize in services like underwriting, mergers and acquisitions, and advisory for large corporations and institutional investors.
Investment bankers are known worldwide for their extended working hours of numbers-crunching ranging from 80 to more than 100 hours per week. This extremely rigorous activity permits little room for errors in financial modeling and analysis. A slight error could result in catastrophe for the target business and investing public.
Given our commercial banks' practice of heavy reliance on physical collaterals to approve loans rather than through extensive financial analysis, their competencies for investment banking activities need to be verified before earmarking their shareholders' resources for this highly demanding venture.
By #Million_Kibret
#InvestmentBank
#ESX
#ECMA
@PatternFin
Delving beyond the surface of similar industry names, while commercial banks primarily focus on accepting deposits and providing loans, investment banks specialize in services like underwriting, mergers and acquisitions, and advisory for large corporations and institutional investors.
Investment bankers are known worldwide for their extended working hours of numbers-crunching ranging from 80 to more than 100 hours per week. This extremely rigorous activity permits little room for errors in financial modeling and analysis. A slight error could result in catastrophe for the target business and investing public.
Given our commercial banks' practice of heavy reliance on physical collaterals to approve loans rather than through extensive financial analysis, their competencies for investment banking activities need to be verified before earmarking their shareholders' resources for this highly demanding venture.
By #Million_Kibret
#InvestmentBank
#ESX
#ECMA
@PatternFin
👍2
📌 Major highlights from the new banking law that allows foreign banks to enter the nation’s previously closed banking sector.
🏦 The proclamation permits overseas firms to acquire stakes in existing or new domestic banks, establish subsidiaries, open branches, or set up representative offices.
💰 Direct shareholding by strategic foreign investors is limited to 40%, while total holdings by non-citizens and foreign-owned companies are capped at 49%. Non-strategic foreign national investors and foreign juridical persons are limited to 7% and 10% of subscribed shares in a bank, respectively.
💵 All foreign investments must be made in foreign currency, and the number of foreign banks allowed to enter the sector will be determined by the central bank.
💼 The law allows foreign banks to take over distressed lenders on an exceptional basis to ensure financial stability.
🤝 The board of directors of a bank must include independent directors.
📄 A bank must prepare a recovery plan outlining measures to restore its financial position in the event of severe stress. This plan, which should be approved by the NBE, should be updated at least annually or whenever there are significant changes.
🉑 A bank cannot enter into a merger without prior written approval from the National Bank, nor can it engage in any share transfer or purchase that results in significant ownership changes without NBE’s approval.
©️Fasika Tadesse
@PatterFin
🏦 The proclamation permits overseas firms to acquire stakes in existing or new domestic banks, establish subsidiaries, open branches, or set up representative offices.
💰 Direct shareholding by strategic foreign investors is limited to 40%, while total holdings by non-citizens and foreign-owned companies are capped at 49%. Non-strategic foreign national investors and foreign juridical persons are limited to 7% and 10% of subscribed shares in a bank, respectively.
💵 All foreign investments must be made in foreign currency, and the number of foreign banks allowed to enter the sector will be determined by the central bank.
💼 The law allows foreign banks to take over distressed lenders on an exceptional basis to ensure financial stability.
🤝 The board of directors of a bank must include independent directors.
📄 A bank must prepare a recovery plan outlining measures to restore its financial position in the event of severe stress. This plan, which should be approved by the NBE, should be updated at least annually or whenever there are significant changes.
🉑 A bank cannot enter into a merger without prior written approval from the National Bank, nor can it engage in any share transfer or purchase that results in significant ownership changes without NBE’s approval.
©️Fasika Tadesse
@PatterFin
👍2
አዲሱ የኢትዮጵያ ብሔራዊ ባንክ አዋጅ ቁጥር 1359/2017 ጸደቀ | RATIFICATION OF THE NEW NATIONAL BANK OF ETHIOPIA PROCLAMATION NO. 1359/2017
#NBE
#የኢትዮጵያብሔራዊባንክ
@PatternFin
#NBE
#የኢትዮጵያብሔራዊባንክ
@PatternFin
Who do you think will be perfectly benefited from foreign banks entry?
Final Results
6%
Local private banks
2%
Commercial Bank of Ethiopia
20%
Foreign investors
22%
Consumers
13%
Corporate borrowers
17%
Foreign banks
17%
Government of Ethiopia
2%
Others
Forwarded from Pattern Finance and Investment Chat
Who do you think will be most negatively affected?
Final Results
71%
Local private banks
8%
Commercial Bank of Ethiopia
10%
Local shareholders/investors
3%
Consumers
4%
Retail borrowers
2%
Foreign banks
1%
Others
ESX has officially started an online training hub called ESX Digital Academy which specialized on finance and capital market.
You can enrol via the link below.
https://esxacademy.com/
#ESX
@PatternFin
You can enrol via the link below.
https://esxacademy.com/
#ESX
@PatternFin
የባንኮች አመታዊ የብድር ዕድገት ምጣኔ ወደ 18 በመቶ ከፍ የማድረግ ዕቅድ አለ
ንግድ ባንኮች በየአመቱ የሚሰጡት ብድር እድገት አሁን ካለበት 14 በመቶ ወደ 18 በመቶ ሊያድግ እንደሚችል ዋዜማ ከምንጮቿ መረዳት ችላለች።
የኢትዮጵያ ብሔራዊ ባንክ በ2015 አ.ም ሐምሌ ወር ላይ ወደ 30 በመቶ ተጠግቶ የነበረውን የሀገሪቱን የዋጋ ንረት ለመቆጣጠር የብድር ስርጭት ላይ ገደብ አድርጎ እንደነበር ይታወሳል። በወቅቱም ንግድ ባንኮች በየአመቱ የሚሰጡት ብድር ቀደም ብሎ ካለው አመት ከ14 በመቶ ብልጫ እንዳይኖረው ገደብን አስቀምጧል።
የፌዴራል መንግስትም በ2016 አ.ም ከብሄራዊ ባንክ በቀጥታ የሚወስደው ብድር 2015 አ.ም ከወሰደው አንድ ሶስተኛውን ብቻ እንዲሆንም ደንግጓል።
ሆኖም አዲስ በጸደቀው የብሄራዊ ባንክ ማቋቋሚያ አዋጅ የፌዴራል መንግስት ከማእከላዊ ባንኩ ምንም አይነት ብድር መውሰድ እንደማይችል እና መንግስት የበጀት እጥረት ካጋጠመው ኦቨር ድራፍት የተሰኘውን በአንድ አመት የሚመለስ የአጭር ጊዜ ብድር ብቻ መውሰድ እንዲችል በማድረግ የ2015 መመሪያን በአዋጅ ሽሮታል። ይህም የዋጋ ንረትን ለመቆጣጠር ሁነኛ መፍትሄ ነው ተብሎ ነበር።
የዋጋ ንረትን ለመቆጣጠር በንግድ ባንኮች በኩል የሚረጨውን ብድር እድገት በ14 በመቶ መገደቡ ለኢንቨስትመንት እና ስራ ፈጠራ የሚሰጥ ብድርን በማቀጨጭ ኢኮኖሚውን ጎድቶታል በሚል ተደጋጋሚ አቤቱታ ሲሰማ ቆይቷል።
ዋዜማ ከምንጮቿ እንደሰማችው ለዚሁ መፍትሄ ይሆናል በሚል የ14 በመቶ የብድር እድገት ገደቡን በ4 በመቶ ነጥብ(pecentage point) በማሳደግ 18 በመቶ ለማድረግ ታስቧል።
“የዋጋ ንረትን በማያመጣ ደረጃ ለኢንቨስትመንት የሚሆን ፋይናንስ ከፍ በማድረግ የ8.4 በመቶ የኢኮኖሚ ዕድገትን በበጀት ዓመቱ ለማስመዝገብ እንዲያግዝ ተብሎ ነው የብድር እድገት ምጣኔው እንዲጨመር የታሰበው” ብለውናል የዋዜማ ምንጫችን።
መመሪያው ግን ገና ተግባራዊ እንዳልሆነና በውይይት ዳብሮ ሊተገበር እንደታቀደ ምንጫችን ነግረውናል።አንዳንድ ባንኮች የብር የውጭ ምንዛሬ ተመን ለውጥ ከተደረገ በኋላ የውጭ ምንዛሬ ክምችታቸው ያደገውም ለባለሀብቶች የሚሰጥ ብድር አነስተኛ በመሆኑ የውጭ ምንዛሬውን የመግዛት አቅምም በዛው ልክ በመውረዱ ነው ።
ሆኖም ዋዜማ ራዲዮ ያነጋገረቻቸው የሁለት ባንክ ከፍተኛ የስራ ሀላፊዎች የባንኮች አመታዊ የብድር እድገት ምጣኔ ይጨምር መባሉ በራሱ ችግር ባይኖርበትም አሁን ያለው የባንኩ ዘርፍ ትልቁና ዋነኛው ችግር የብድር እድገት ምጣኔ “ይጨመር” ” አይጨመር” የሚል ሳይሆን ለብድር የሚውለው ገንዘብ ላይ ያለውን ከፍተኛ እጥረት መፍታቱ ላይ ነው ብለውናል።
ስማቸው እንዳይጠቀስ የፈለጉ የአንድ ባንክ ፕሬዝዳንት እንዳሉን “አሳሳቢው ጉዳይ አሁን ላይ ባንኮች የገቡበትን ከፍተኛ የገንዘብ እጥረትን መፍታት ነው”። የሌላ ባንክ ከፍተኛ የስራ ሀላፊም እንዲሁ “ንግድ ባንኮች በተለይም የግሎቹ የብድር ምጣኔ ቢያድግላቸውም የሚሰጡት ብድር የላቸውም ፣ ያለብን የገንዘብ እጥረት ለጊዜ ተቀማጭ ቁጠባ አስቀማጮች እስከ 25 በመቶ ወለድ ለመክፈል እያስገደደን ነው” ሲሉ የባንካቸውን ወቅታዊ ሁኔታ በማጣቀስ አስረድተውናል።
እርግጥ ብሔራዊ ባንክ በቅርቡ ይፋ ባደረገው ሁለተኛው የፋይናንስ ዘርፉን ወቅታዊ ሁኔታ በተነተነው ሪፖርት ላይ በርካታ ንግድ ባንኮች በአሁኑ ወቅት የጥሬ ገንዘብ እጥረት ውስጥ መግባታቸውን አትቷል።
በርካታ ባንኮች በአመታዊ ሪፖርታቸው ላይ ቁጠባቸው እንዳደገ በሚገልጹበት በዚህ ወቅት፣ በሌላ በኩል እነዚሁ ባንኮች ከፍተኛ የገንዘብ እጥረት ውስጥ ናቸው መባሉ ምናልባትም ባንኮች የሰጡትን ብድር መሰብሰብ ላይ ካጋጠማቸው ችግር ጋር የሚያያይዙት አሉ።ሆኖም ብሄራዊ ባንክ ከነዚህ ሁሉ ወቅታዊ የፋይናንስ ዘርፉ ቁመና ጎን ለጎን የባንኮች ብድር እድገት ምጣኔን ለማሳደግ እየሰራ ነው ተብሏል። [ዋዜማ]
@PatternFin
ንግድ ባንኮች በየአመቱ የሚሰጡት ብድር እድገት አሁን ካለበት 14 በመቶ ወደ 18 በመቶ ሊያድግ እንደሚችል ዋዜማ ከምንጮቿ መረዳት ችላለች።
የኢትዮጵያ ብሔራዊ ባንክ በ2015 አ.ም ሐምሌ ወር ላይ ወደ 30 በመቶ ተጠግቶ የነበረውን የሀገሪቱን የዋጋ ንረት ለመቆጣጠር የብድር ስርጭት ላይ ገደብ አድርጎ እንደነበር ይታወሳል። በወቅቱም ንግድ ባንኮች በየአመቱ የሚሰጡት ብድር ቀደም ብሎ ካለው አመት ከ14 በመቶ ብልጫ እንዳይኖረው ገደብን አስቀምጧል።
የፌዴራል መንግስትም በ2016 አ.ም ከብሄራዊ ባንክ በቀጥታ የሚወስደው ብድር 2015 አ.ም ከወሰደው አንድ ሶስተኛውን ብቻ እንዲሆንም ደንግጓል።
ሆኖም አዲስ በጸደቀው የብሄራዊ ባንክ ማቋቋሚያ አዋጅ የፌዴራል መንግስት ከማእከላዊ ባንኩ ምንም አይነት ብድር መውሰድ እንደማይችል እና መንግስት የበጀት እጥረት ካጋጠመው ኦቨር ድራፍት የተሰኘውን በአንድ አመት የሚመለስ የአጭር ጊዜ ብድር ብቻ መውሰድ እንዲችል በማድረግ የ2015 መመሪያን በአዋጅ ሽሮታል። ይህም የዋጋ ንረትን ለመቆጣጠር ሁነኛ መፍትሄ ነው ተብሎ ነበር።
የዋጋ ንረትን ለመቆጣጠር በንግድ ባንኮች በኩል የሚረጨውን ብድር እድገት በ14 በመቶ መገደቡ ለኢንቨስትመንት እና ስራ ፈጠራ የሚሰጥ ብድርን በማቀጨጭ ኢኮኖሚውን ጎድቶታል በሚል ተደጋጋሚ አቤቱታ ሲሰማ ቆይቷል።
ዋዜማ ከምንጮቿ እንደሰማችው ለዚሁ መፍትሄ ይሆናል በሚል የ14 በመቶ የብድር እድገት ገደቡን በ4 በመቶ ነጥብ(pecentage point) በማሳደግ 18 በመቶ ለማድረግ ታስቧል።
“የዋጋ ንረትን በማያመጣ ደረጃ ለኢንቨስትመንት የሚሆን ፋይናንስ ከፍ በማድረግ የ8.4 በመቶ የኢኮኖሚ ዕድገትን በበጀት ዓመቱ ለማስመዝገብ እንዲያግዝ ተብሎ ነው የብድር እድገት ምጣኔው እንዲጨመር የታሰበው” ብለውናል የዋዜማ ምንጫችን።
መመሪያው ግን ገና ተግባራዊ እንዳልሆነና በውይይት ዳብሮ ሊተገበር እንደታቀደ ምንጫችን ነግረውናል።አንዳንድ ባንኮች የብር የውጭ ምንዛሬ ተመን ለውጥ ከተደረገ በኋላ የውጭ ምንዛሬ ክምችታቸው ያደገውም ለባለሀብቶች የሚሰጥ ብድር አነስተኛ በመሆኑ የውጭ ምንዛሬውን የመግዛት አቅምም በዛው ልክ በመውረዱ ነው ።
ሆኖም ዋዜማ ራዲዮ ያነጋገረቻቸው የሁለት ባንክ ከፍተኛ የስራ ሀላፊዎች የባንኮች አመታዊ የብድር እድገት ምጣኔ ይጨምር መባሉ በራሱ ችግር ባይኖርበትም አሁን ያለው የባንኩ ዘርፍ ትልቁና ዋነኛው ችግር የብድር እድገት ምጣኔ “ይጨመር” ” አይጨመር” የሚል ሳይሆን ለብድር የሚውለው ገንዘብ ላይ ያለውን ከፍተኛ እጥረት መፍታቱ ላይ ነው ብለውናል።
ስማቸው እንዳይጠቀስ የፈለጉ የአንድ ባንክ ፕሬዝዳንት እንዳሉን “አሳሳቢው ጉዳይ አሁን ላይ ባንኮች የገቡበትን ከፍተኛ የገንዘብ እጥረትን መፍታት ነው”። የሌላ ባንክ ከፍተኛ የስራ ሀላፊም እንዲሁ “ንግድ ባንኮች በተለይም የግሎቹ የብድር ምጣኔ ቢያድግላቸውም የሚሰጡት ብድር የላቸውም ፣ ያለብን የገንዘብ እጥረት ለጊዜ ተቀማጭ ቁጠባ አስቀማጮች እስከ 25 በመቶ ወለድ ለመክፈል እያስገደደን ነው” ሲሉ የባንካቸውን ወቅታዊ ሁኔታ በማጣቀስ አስረድተውናል።
እርግጥ ብሔራዊ ባንክ በቅርቡ ይፋ ባደረገው ሁለተኛው የፋይናንስ ዘርፉን ወቅታዊ ሁኔታ በተነተነው ሪፖርት ላይ በርካታ ንግድ ባንኮች በአሁኑ ወቅት የጥሬ ገንዘብ እጥረት ውስጥ መግባታቸውን አትቷል።
በርካታ ባንኮች በአመታዊ ሪፖርታቸው ላይ ቁጠባቸው እንዳደገ በሚገልጹበት በዚህ ወቅት፣ በሌላ በኩል እነዚሁ ባንኮች ከፍተኛ የገንዘብ እጥረት ውስጥ ናቸው መባሉ ምናልባትም ባንኮች የሰጡትን ብድር መሰብሰብ ላይ ካጋጠማቸው ችግር ጋር የሚያያይዙት አሉ።ሆኖም ብሄራዊ ባንክ ከነዚህ ሁሉ ወቅታዊ የፋይናንስ ዘርፉ ቁመና ጎን ለጎን የባንኮች ብድር እድገት ምጣኔን ለማሳደግ እየሰራ ነው ተብሏል። [ዋዜማ]
@PatternFin
👍1
Ahadu Bank’s President Resigns
Ahadu Bank’s President, Sefialem Liben, has resigned, with the Bank’s board of directors accepting his departure on December 14, 2024. Vice President Sisay Gebru has taken charge as acting president pending approval by the National Bank of Ethiopia (NBE), which is expected to come within two weeks, disclosed Board Chairman Anteneh Sebsebie.
#AddisFortune
@PatternFin
Ahadu Bank’s President, Sefialem Liben, has resigned, with the Bank’s board of directors accepting his departure on December 14, 2024. Vice President Sisay Gebru has taken charge as acting president pending approval by the National Bank of Ethiopia (NBE), which is expected to come within two weeks, disclosed Board Chairman Anteneh Sebsebie.
#AddisFortune
@PatternFin
Pattern Finance and Investment - ፋይናንስ
በሀረሪ ክልል ለኮሪደር ልማት ስራዎችን የሁለት ሚልዮን ብር ድጋፍ እንዲያደርጉ የተጠየቁ የባንክ ቅርንጫፎች በጊዜው ገንዘቡን ገቢ አላደረጋችሁም በሚል በዚህ መልኩ እንዲታሸጉ ተደርጓል፡፡ ቅርንጫፎች የመወሰን ስልጣን እንደሌላቸው እየታወቀ እንደዚህ ማድረግ ለምን እንዳስፈለገ ግልፅ አይደለም፡፡ #ባንኮች #የባንኮች_ማህበር @PatternFin
በሐረር ከተማ የታሸጉ 35 የባንክ ቅርንጫፎች አገልግሎት ወደ መስጠት እንዲመለሱ ለሀረሪ ክልል አቤቱታ ቀረበ
የኢትዮጵያ ባንኮች ማህበር በሐረር ከተማ የታሸጉ 35 የባንክ ቅርንጫፎች ተከፍተው ለህብረተሰቡ አገልግሎት እንዲሰጥ እንዲደረግ ለሀረሪ ክልል ርዕሰ መስተዳድር አቤቱታ አቀረበ። የክልሉ መንግስት ቅርንጫፎቹ የታሸጉት “ግንባታቸው ባላለቁ ህንጻዎች አገልግሎት እየሰጡ በመሆኑ ነው” ቢልም፤ ማህበሩ ግን ከሌሎች የንግድ ድርጅቶች በተለየ መልኩ እርምጃው በእነርሱ ላይ መወሰዱ ለክልሉ የኮሪደር ልማት የተጠየቀው መዋጮ ተግባራዊ ባለመደረጉ ምክንያት የተፈጸመ እንደሆነ “ከድምዳሜ ላይ እንዲደርስ” እንዳደረገው ገልጿል።
በሀረሪ ክልል የተጀመሩ የኮሪደር ልማት ስራዎችን ውጤታማ ለማድረግ ባንኮች የሁለት ሚሊዮን ብር “ድጋፍ” እንዲያደርጉ በደብዳቤ የተጠየቁት የዛሬ ሶስት ሳምንት ገደማ ነው። ደብዳቤውን ለባንክ ቅርንጫፎች የጻፈው የሀረሪ ክልል የገንዘብ እና ኢኮኖሚ ትብብር ቢሮ፤ የገንዘብ መጠኑን በአንድ ሳምንት ጊዜ ውስጥ ገቢ እንዲያደርጉ ቀነ ገደብ ሰጥቷቸው ነበር።
ሃያ ስድስት ባንኮችን በአባልነት ያቀፈው የኢትዮጵያ ባንኮች ማህበር፤ ከትላንት በስቲያ ረቡዕ ታህሳስ 9፤ 2017 ለሀረሪ ክልል ርዕሰ መስተዳድር አቶ ኦርዲን በድሪ በጻፈው ደብዳቤ፤ የባንክ ቅርንጫፎች የተጠየቁትን ያህል የገንዘብ መጠን በመዋጮ መልክ ለመክፈል “ስልጣን እንደሌላቸው” ገልጿል። የገንዘብ መዋጮ ጥያቄው በባንኮቹ “ዋና መስሪያ ቤት ታይቶ” እንዲሁም “በቂ በጀት የተመደበለት መሆኑ ተረጋግጦ” የሚፈቀድ መሆኑንም ማህበሩ አመልክቷል። (ኢትዮጵያ ኢንሳይደር)
የኢትዮጵያ ባንኮች ማህበር በሐረር ከተማ የታሸጉ 35 የባንክ ቅርንጫፎች ተከፍተው ለህብረተሰቡ አገልግሎት እንዲሰጥ እንዲደረግ ለሀረሪ ክልል ርዕሰ መስተዳድር አቤቱታ አቀረበ። የክልሉ መንግስት ቅርንጫፎቹ የታሸጉት “ግንባታቸው ባላለቁ ህንጻዎች አገልግሎት እየሰጡ በመሆኑ ነው” ቢልም፤ ማህበሩ ግን ከሌሎች የንግድ ድርጅቶች በተለየ መልኩ እርምጃው በእነርሱ ላይ መወሰዱ ለክልሉ የኮሪደር ልማት የተጠየቀው መዋጮ ተግባራዊ ባለመደረጉ ምክንያት የተፈጸመ እንደሆነ “ከድምዳሜ ላይ እንዲደርስ” እንዳደረገው ገልጿል።
በሀረሪ ክልል የተጀመሩ የኮሪደር ልማት ስራዎችን ውጤታማ ለማድረግ ባንኮች የሁለት ሚሊዮን ብር “ድጋፍ” እንዲያደርጉ በደብዳቤ የተጠየቁት የዛሬ ሶስት ሳምንት ገደማ ነው። ደብዳቤውን ለባንክ ቅርንጫፎች የጻፈው የሀረሪ ክልል የገንዘብ እና ኢኮኖሚ ትብብር ቢሮ፤ የገንዘብ መጠኑን በአንድ ሳምንት ጊዜ ውስጥ ገቢ እንዲያደርጉ ቀነ ገደብ ሰጥቷቸው ነበር።
ሃያ ስድስት ባንኮችን በአባልነት ያቀፈው የኢትዮጵያ ባንኮች ማህበር፤ ከትላንት በስቲያ ረቡዕ ታህሳስ 9፤ 2017 ለሀረሪ ክልል ርዕሰ መስተዳድር አቶ ኦርዲን በድሪ በጻፈው ደብዳቤ፤ የባንክ ቅርንጫፎች የተጠየቁትን ያህል የገንዘብ መጠን በመዋጮ መልክ ለመክፈል “ስልጣን እንደሌላቸው” ገልጿል። የገንዘብ መዋጮ ጥያቄው በባንኮቹ “ዋና መስሪያ ቤት ታይቶ” እንዲሁም “በቂ በጀት የተመደበለት መሆኑ ተረጋግጦ” የሚፈቀድ መሆኑንም ማህበሩ አመልክቷል። (ኢትዮጵያ ኢንሳይደር)
The World Bank will be significantly scaling up its support for Ethiopia’s financial sector thanks to a newly approved $700 million credit from the International Development Association (IDA)* for the Financial Sector Strengthening Project (FSSP). This project aims to enhance the stability of the country's financial sector.
Ethiopia’s financial sector faces several pressing challenges, including inadequate regulatory frameworks and weak public financial institutions. The project is designed to tackle these issues head-on by modernizing the regulatory and supervisory framework of the National Bank of Ethiopia (NBE), supporting governance reforms, balance sheet restructuring, and recapitalization of the Commercial Bank of Ethiopia (CBE), and transforming the Development Bank of Ethiopia (DBE) into a sustainable development finance institution. Additionally, the project will provide implementation support and capacity building for NBE, CBE, and DBE to ensure their resilience and sustainability. By strengthening these key financial institutions and modernizing the financial system, the project will contribute to the country's economic growth.
"We are proud to support Ethiopia in its journey to transform and strengthen its financial sector. This project reflects our commitment to promoting economic stability and inclusive growth in the country. By boosting the capacity of key financial institutions, we aim to build a more resilient and accessible financial system that truly meets the needs of all Ethiopians,” said Maryam Salim, World Bank Country Director for Eritrea, Ethiopia, South Sudan, and Sudan.
The approval of the Financial Sector Strengthening Project is a major milestone in building a stronger financial system in Ethiopia. This project goes beyond addressing current challenges; it aims to build a more resilient financial system and unlock new opportunities for growth. By focusing on key areas that need improvement, it aims to support a financial system that can better support the diverse needs of all Ethiopians.
#World Bank Group
@PatternFin
Ethiopia’s financial sector faces several pressing challenges, including inadequate regulatory frameworks and weak public financial institutions. The project is designed to tackle these issues head-on by modernizing the regulatory and supervisory framework of the National Bank of Ethiopia (NBE), supporting governance reforms, balance sheet restructuring, and recapitalization of the Commercial Bank of Ethiopia (CBE), and transforming the Development Bank of Ethiopia (DBE) into a sustainable development finance institution. Additionally, the project will provide implementation support and capacity building for NBE, CBE, and DBE to ensure their resilience and sustainability. By strengthening these key financial institutions and modernizing the financial system, the project will contribute to the country's economic growth.
"We are proud to support Ethiopia in its journey to transform and strengthen its financial sector. This project reflects our commitment to promoting economic stability and inclusive growth in the country. By boosting the capacity of key financial institutions, we aim to build a more resilient and accessible financial system that truly meets the needs of all Ethiopians,” said Maryam Salim, World Bank Country Director for Eritrea, Ethiopia, South Sudan, and Sudan.
The approval of the Financial Sector Strengthening Project is a major milestone in building a stronger financial system in Ethiopia. This project goes beyond addressing current challenges; it aims to build a more resilient financial system and unlock new opportunities for growth. By focusing on key areas that need improvement, it aims to support a financial system that can better support the diverse needs of all Ethiopians.
#World Bank Group
@PatternFin
Global Automotive Industry
🚖🚘🚍🚔
#Tesla’s market value is nearly half the industry—while. producing less than 2% of global car sales. The power of innovation. With a pinch of hype.
#Tesla
#BYD
#Innovation #AI #EV #SUV
@PatternFin
🚖🚘🚍🚔
#Tesla’s market value is nearly half the industry—while. producing less than 2% of global car sales. The power of innovation. With a pinch of hype.
#Tesla
#BYD
#Innovation #AI #EV #SUV
@PatternFin
Net worth (Book value) Vs
Market Value
........
#Net_worth or book value; is a measure of a company’s total assets minus its liabilities. This is what the company owns after settling its debts.
#Market_value or market capitalization; reflects the total worth of a company’s shares on the stock market.
Unlike net worth, market value is shaped by investors’ expectations about a company’s future growth, profitability, and innovation.
@PatternFin
Market Value
........
#Net_worth or book value; is a measure of a company’s total assets minus its liabilities. This is what the company owns after settling its debts.
#Market_value or market capitalization; reflects the total worth of a company’s shares on the stock market.
Unlike net worth, market value is shaped by investors’ expectations about a company’s future growth, profitability, and innovation.
@PatternFin