Rahel Getu - Wuddie

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Rahel Getu - Wuddie - New Ethiopian Music 2024 ( Official Video)

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"While foreign banks are allowed in, they are not allowed to control us," National Bank 

 

#Ethiopia  It has been said that foreign banks have not been given permission to enter and operate the Ethiopian financial sector, but to do regulatory work.

 

This was heard when the chairpersons of the People's Assembly of the National Bank of Ethiopia and the Standing Committee on Planning, Budget and Finance held an official discussion with various bank stakeholders.

 

At this time, the governor of the National Bank, Mamo Mehretu, responded to questions about the opportunities and threats brought by the entry of foreign banks into the country. They replied. 

 

He added that the entry of foreign banks will provide better benefits to the sector while maintaining financial soundness.

 

In addition to this, they explained to the question about the merger of the banks that it was intended as a system of guidelines and not a policy decision.


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