National Bank of Ethiopia – Quarterly Bulletin
Ethiopia is slowly working its way out of being one of the most under-banked countries in Sub-Saharan Africa, the National Bank of Ethiopia's Quarterly Bulletin showed.
While the total number of banks remained the same in the second quarter of 2008/9, the report found that banks have continued to scale up resource mobilisation and disbursement activities, with deposit stock increasing by 23.2%, loan collection jumping 40.3% and new loans gaining 10.1% on an annualised basis.
Micro financing
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