Tuesday, December 6, 2022

Ethiopia: Banks in Tigray Region to Reopen But Disagreement over Pre-War Loans

 Ethiopia's The Reporter published on 3 December 2022 an article titled "Central Bank Orders Banks to Reopen Tigray Branches" by Selamawit Mengesha.

The National Bank of Ethiopia (NBE) has ordered all commercial banks to resume banking services in areas of Tigray Region controlled by the Ethiopian National Defense Forces after being offline for two years.  The NBE expects the banks to collect loans provided before the outbreak of war while the Tigray banks want the loans written off.