Keyword Analysis & Research: commercial bank of ethiopia news


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Frequently Asked Questions

What is the role of commercial banks in Ethiopian?

The functions of commercial banks of Ethiopia is clearly stated at Art 2 sub Article 2 of the Banking Business Proclamation No 592/2000. And the function of the commercial banks are; I. Accepting Deposits: This is one of the primary function of commercial banks of Ethiopia. The commercial banks accept deposit of their customers.

How many there is in banks in Ethiopia?

With around 100,000 shareholders, there are 18 banks operating in Ethiopia. This makes the country an interactive, captivating space for foreign investment as there are options to choose from. Ethiopia's economy is seeing an unprecedented surge, as World Bank reported that the growth averaging 9.8% a year from 2008/09 to 2018/19.

What is the main currency of Ethiopia?

The Ethiopian Birr is the currency of Ethiopia. Our currency rankings show that the most popular Ethiopia Birr exchange rate is the USD to ETB rate. The currency code for Birr is ETB, and the currency symbol is Br. Below, you'll find Ethiopian Birr rates and a currency converter.


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