National Bank of Ethiopia introduces cash withdrawal limits

National Bank of Ethiopia introduces cash withdrawal limits

National Bank of Ethiopia sees cash withdrawal limits as a useful tool to control illegal circulation of money borkenaMay 14, 2020  The National Bank of Ethiopia has introduced cash with limits from Banks across the country. And the new policy is effective starting from May 19, 2020. The new regulation is applicable for private banks […]

Enat Bank announced interest fees waive in consideration of Coronavirus situation

Enat Bank announced interest fees waive in consideration of Coronavirus situation

borkenaBusiness NewsMay 14, 2020 Enat Bank, one of the private banks in Ethiopia, announced on Thursday interest payment waive after considering the economic impacts of the Coronavirus. According to Fana Broadcasting Corporation (FBC), businesses in the tourism sector are relieved from paying service charges and interest rate payments for money borrowed from the bank. The […]

Commercial Bank of Ethiopia introduces three months debt relief

Commercial Bank of Ethiopia introduces three months debt relief

borkena April 16, 2020  Commercial Bank of Ethiopia is giving three months debt relief  for its clients who are paying a townhouse mortgage, and who are economically impacted by COVID 19.   Based on the arrangement, borrowers do not have to pay their debt between April and June, and they do not have to apply for it.  […]

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