{"id":356407,"date":"2021-04-18T12:10:38","date_gmt":"2021-04-18T16:10:38","guid":{"rendered":"https:\/\/mereja.com\/index\/?p=356407"},"modified":"2021-04-18T12:10:38","modified_gmt":"2021-04-18T16:10:38","slug":"nbe-issued-new-directive-requiring-commercial-banks-to-raise-paid-up-capital-to-5-billion-birr","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/356407","title":{"rendered":"NBE issued new directive requiring commercial banks to raise paid-up capital to 5 billion Birr"},"content":{"rendered":"<p>The National Bank of Ethiopia (NBE) has issued the long-awaited directive requiring commercial banks to raise their minimum paid-up capital to 5 billion Birr. <\/p>\n<p>This is a ten-fold increase from the previous 500 million birr paid-up capital requirement to establish a commercial bank in Ethiopia.<\/p>\n<p>The directive has given a five year grace period for existing banks to raise their paid capital to 5 billion Birr. <\/p>\n<p>Those banks which are under establishment are advised to merge and meet the required initial paid up capital.<\/p>\n<p>The increase in a paid capital was meant to tackle growing risks of the time but experts claim huge capital cannot be a guarantee to avoid failure or default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Ethiopia (NBE) has issued the long-awaited directive requiring commercial banks to raise their minimum paid-up capital to 5 billion Birr. This is a ten-fold increase from the previous 500 million birr paid-up capital requirement to establish a commercial bank in Ethiopia. The directive has given a five year grace period for [&hellip;]<\/p>\n","protected":false},"author":269,"featured_media":356408,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-356407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2021\/04\/NBE.jpg?fit=284%2C177&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1uIv","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/356407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/269"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=356407"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/356407\/revisions"}],"predecessor-version":[{"id":356409,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/356407\/revisions\/356409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/356408"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=356407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=356407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=356407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}