The National Bank of Ethiopia (NBE) has approved the appointment of Ato Ngiusu Gebre Egba as the new Chief Executive Officer (CEO) of Union Bank. In an unusually quick move, …
Tag:
National Bank of Ethiopia
-
-
Banking, Finance & InvestmentEastern AfricaEconomyINVESTMENTPolicies
Ethiopian Banks in Deep Liquidity Crisis
Commercial banks in Ethiopia are currently grappling with a serious liquidity crisis, raising concerns across the financial sector. According to insiders who spoke to The Reporter, the problem is being …
-
Banking, Finance & InvestmentEastern AfricaEconomyEthiopiaGOVERNMENT
Audit Report Exposes Forex Losses and Debt Pressure at Ethiopia’s Central Bank
A new audit of the National Bank of Ethiopia (NBE) has revealed serious financial troubles, including massive losses in foreign exchange dealings and gold trading, as well as rising government …