The National Bank of Ethiopia (NBE), which is very concerned with the depletion of the liquidity reserve of commercial banks, has tightened its grip on the industry in an attempt to resolve the ongoing liquidity crisis.
The regulatory bank has required all of the commercial banks to submit a complete list of their outstanding loan portfolios that include the name of the borrower, the value of the loan and the maturity period. The NBE also compelled the financial institutions to file their cash flow statements until June 30 of this year along with the list of the loans they have approved but not disbursed.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article