Banking Law
Banking law regulates financial institutions, ensuring a stable and secure banking system. In Ethiopia, the National Bank of Ethiopia (NBE) oversees the sector, ensuring compliance with banking regulations and monetary policies.
Important aspects include:
Licensing & Regulation: Banks must be licensed and comply with NBE’s directives.
Loan & Credit Regulations: Financial institutions must follow strict procedures for lending and recovery.
Anti-Money Laundering (AML) Laws: Ethiopia has laws to prevent financial crimes and ensure banking transparency.