RegAlert

Rule · NBE · 25 Jan 1995

SBB/3/95 Contribution in Kind

capital

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.

EthiopiaNational Bank of Ethiopia

LICENSING AND SUPERVISION OF
BANKING BUSINESS
Directive No. SBB/3/95
CONTRIBUTION IN KIND

  1. Issuing Authority
    These directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994 and by article 5(b)(5) of the Licensing and Supervision of Banking Business Proclamation No. 84/1994.
  2. Contribution in Kind
    2.1. Items like built in vault, buildings, essential vehicles and others that are
    acceptable to the Bank may be considered as capital contributions.
    2.2. Contributions in kind should be valued by professional valuers acceptable
    to the National Bank of Ethiopia.
    2.3. Capital contributions in kind shall not be considered for the purposes of
    fulfilling minimum required capital and shall not exceed 25% of paid up capital in excess of minimum required capital. These Directives shall enter in to force as of 21st day of August 1995.

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Licensing and Supervision ofBanking Business Proclamation No.…Not in RegAlertLicensing and Supervision of Banking Business Proclamation No. 84/1994 — Not in RegAlertMonetary and Banking ProclamationNo. 83/1994Not in RegAlertMonetary and Banking Proclamation No. 83/1994 — Not in RegAlertSBB/3/95 Contribution in Kind1995-01-25 · this documentSBB/3/95 Contribution in Kind (1995-01-25)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Issued under
  • Licensing and Supervision of Banking Business Proclamation No. 84/1994Not in RegAlert

    “and by article 5(b)(5) of the Licensing and Supervision of Banking Business Proclamation No. 84/1994.”

  • Monetary and Banking Proclamation No. 83/1994Not in RegAlert

    “These directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994”

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Source: National Bank of Ethiopia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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