Regulatory Alerts2022-03-29 | CBE5.7Added · Updated
CBE Regulation Book 5.7 - Controls For Practicing Activity Of Deposit Banks
The Council of the National Bank of Ethiopia issued Resolution No. 56/2003 on December 10, 2004, to amend the controls for the practice of deposit banking activities. The regulation establishes specific requirements for underwriting activities, including the maintenance of a separate account for such operations and the prohibition of mixing these funds with other bank assets. It also mandates that deposit banks must maintain a minimum capital adequacy ratio and comply with liquidity requirements as determined by the regulator.
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