📌 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

አዲሱ የኢትዮጵያ ብሔራዊ ባንክ አዋጅ ቁጥር 1359/2017 ጸደቀ | RATIFICATION OF THE NEW NATIONAL BANK OF ETHIOPIA PROCLAMATION NO. 1359/2017
#NBE
#የኢትዮጵያብሔራዊባንክ

@PatternFin

History of #Bitcoin in 3 minutes.

#DigitalCurrency


@PatternFin

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

Total Banking Loans by Sectors in Ethiopia as of June 2024 (in billions ETB)
#Pragma

@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

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

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)

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

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

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

The Commercial Bank of Ethiopia (CBE) is set to conduct a comprehensive social risk assessment prior to implementing branch closures as part of the World Bank-funded Financial Sector Strengthening Project (FSSP).

The move aims to identify affected stakeholders—including employees, customers, and local communities—and evaluate potential impacts such as job losses and reduced access to banking services.

The assessment will help develop effective mitigation strategies to minimize disruptions and enhance the resilience of Ethiopia’s financial landscape. #BirrMetrics

#CBE
#FSSP
#ፋይናንስ

@PatternFin

#Strategy

@PatternFin

This strategic concept is a must-know:

The Strategy Pyramid

Originally shared by Wendy McGuiness (2011), this concept captures the 9 pillars of a successful strategy, divided into three key categories:

Purpose, Strategy, and Execution.

A) Purpose

1. Mission: Defines why the company exists and its core purpose.

2. Values: Sets the principles and beliefs that guide decisions and behavior.

3. Vision: Paints a clear picture of the future the company aims to achieve.

B) Strategy

4. Strategic Intent: Outlines overarching goals and the path to achieve them.

5. Drivers: Highlights priorities like innovation, market growth, or customer experience.

6. Enablers: Details resources and capabilities - technology, talent, finances - that power execution.

C) Execution

7. Targets and Initiatives: Sets actionable, measurable steps to drive progress.

8. Performance Indicators: Defines KPIs to track success and effectiveness.

9. Strategy Map: Aligns and communicates the strategy across the organization.

This framework helps leaders:

i) Define the company’s purpose.
ii) Craft a clear strategy to achieve goals.
iii) Execute it effectively.

Try to address all aspects:

Each pillar is equally vital for success.

P.S. Are you focusing enough on your strategy?

@PatternFin

#ABOL_DEMOZE: Digital Salary Advance Loan Service Officially Launched

Bunna Bank and Kacha Digital Financial Services have officially launched an innovative new digital loan and savings service called "Abol Demoze."

This service is designed to provide employees with a financial safety net, allowing them to access salary advances before payday in times of financial need.

The "Abol Demoze" service enables workers to borrow a portion of their salary (up to 33% or 50%) ahead of their payday, without requiring any collateral or additional conditions.

Through the Kacha mobile app, users can easily access this service and repay their loans through flexible installment plans tailored to their needs.

#Kacha
#DigitalLending
#MicroLending
#AbolDemoze

@PatternFin

Agent Banking

ከ2012-2016 #በወኪል አገልግሎት መስጫ የተደረገ (የግብይት መጠን በሚሊዮን እና የግብይት ዋጋ በቢሊዮን ብር)

Transactions Processed Through #Agent_Banking, 2020-2024 (number of transactions in million and value in billion birr) #PrgmaInsights

#DigitalBAnking
#AgentBAnking
#Telebirr
#Mpessa
#HelloCash

@PatternFin

Ethiopia accession steering committee signals resumption of talks in early 2025
#WTO
@PatternFin