Regulatory Alerts2025-06-25
Requirements for Licensing and Renewal of Banking Business and Representative Office
The National Bank of Ethiopia issued Directive No. SBB/94/2025 to establish comprehensive regulatory requirements for the licensing and renewal of domestic banks, foreign bank branches, and representative offices. The directive mandates strict fit-and-proper assessments for promoters and project managers while outlining detailed procedural phases for applicants, including pre-application reviews and capital adequacy standards. It further codifies the supervisory framework for foreign banks, requiring coordination with home supervisors and adherence to specific prudential and governance criteria to ensure sector stability.
Share