Microfinance Business - National Bank

Microfinance Business

Use of Agents FIS/02/2020

Equity Investment by FNEO Directives No. MFI-30-2020

Conditions to be Met prior to Commencement of Operations

Penalty for failure to Comply with the Requirements of proclamation No. 40/1996 and Directives of the National Bank of Ethiopia

Minimum Liquidity Requirement

Minimum Capital Ratio to be Maintained by Micro-Finance Institutions

Interest Rates Applicable to Micro Financing Institutions

Requirements for Persons with significant Influence in a Micro finance Institution

Requirements for Licensing and Renewal of Microfinance Business

Limit on Loans, Repayment period and provisioning Requirement

Regulation of Mobile and Agent Banking Services

Investment in Equities of Allied Activities

Manner of Financial and Operational Information Reporting

Fraud Monitoring

The National Bank of Ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in January 1964. Prior to this proclamation, the Bank used to carry out dual activities, i.e. commercial banking and central banking.

P.O.Box: 5550
Tel: +251 115 517 430
Fax: +251 115 514 588
E-Mail: nbe.edpc@ethionet.et

Microfinance Business - National Bank

Microfinance Business

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