Ethiopia: NBE Tightens Regulatory Grip to Recover Liquidity Reserve

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 publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.