Ethiopian central bank orders branch reopening in conflict-affected areas

Banks must complete audits and collect non-performing loans

Addis Ababa
Addis Ababa, Ethiopia
Photo: Ninaras/Wikimedia

The Ethiopian central bank has ordered banks to reopen branches in areas controlled by the Ethiopian National Defence Force, after the Tigray war ended on November 2. 

The federal government and the Tigray People’s Liberation Front signed a peace agreement after a two-year war that displaced millions. 

Frezer Ayalew, banking supervision directorate director at the National Bank of Ethiopia, told news outlet the Reporter that the central bank convened all presidents of commercial banks last

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account