NBE Issues Additional Exemptions for some loan categories on October 04-2021 - National Bank

NBE Issues Additional Exemptions for some loan categories on October 04-2021

                 

NBE Issues Additional Exemption on Loan Restriction

October 4, 2021:  National Bank of Ethiopia has issued additional exemptions regarding loan disbursement.  

In a circular addressed to all banks on Friday, October 1, 2021, NBE has issued further exemptions for the following five loan categories.  

1. loans to buyers of bank’s foreclosed properties availed for the purpose of ensuring loan recovery

2. inter-bank loan buyout transactions 

3. bank staff emergency loans

4. housing loans approved/committed to be provided for employees of companies for the purpose of buying or constructing residential houses (only for committed or approved requests); and 

5. loans approved for sesame producers found in Gondar area for the purpose of ensuring timely harvesting of same. 

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
E-mail:nbeinfo@nbe.gov.et
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