Regulatory Alerts1995-01-25
Added · Updated
SBB/3/95 Contribution in Kind
The National Bank of Ethiopia permits built-in vaults, buildings, and essential vehicles to be considered as capital contributions, provided they are valued by professional valuers acceptable to the Bank. These contributions in kind cannot be used to fulfill minimum required capital and are capped at 25% of paid-up capital in excess of the minimum required capital. The directives entered into force on August 21, 1995.
Topics
Share