Regulatory Alerts2022-05-04
Added · Updated
Licensing, Credit Information and Examination Fees on Banks Directive No.SBB/85/2022
The National Bank of Ethiopia establishes specific fees for banking services, including Birr 100,000 and Birr 300,000 for new license applications, Birr 200,000 for annual renewals, and Birr 50,000 for replacements. Annual examination fees are set at Birr 1,000,000 for big banks, Birr 750,000 for medium banks, and Birr 500,000 for small banks, while credit information fees range from zero to Birr 2,000 per report based on loan amounts. The directive repeals specific articles from previous licensing, branch opening, and credit reference bureau directives and enters into effect on October 3, 2022.