The National Bank of Ethiopia (NBE) classified all commercial banks in the country into categories. There are three categories large, medium, and small and these categories are based on the capital and assets of the bank.
The Commercial Bank of Ethiopia is in large category as the CBE bank has 49.5% of total assets and 48.7% of deposits of the whole banking sector at the end of June 2023 which is the highest in Ethiopia. The total capital of CBE was 27.5% at the end of June 2023.
In the medium category, there are a total five banks of Ethiopia in which Awash Bank, Bank of Abyssinia, Cooperative Bank of Oromia, Dashen Bank, and Hibret Bank are included. These banks have 28% assets and 29.4% deposits in the banking sector of Ethiopia. The total capital of these banks was 31% at the end of June 2023.
In the small category, there are a total of 24 banks in Ethiopia. These banks have 22.5% assets and 21.9% deposits. The total capital of these banks was 41.5% at the end of June 2023 of the whole banking sector.
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Except announcing weather it’s or else any others holdings today it does not disclose loses similar to robbery gains considering legal claim of ownership under nationalization without any compensation,now that ,whom own this claim is simple to understand.
The statement you mentioned regarding non-disclosure and nationalization is not directly related to the information provided about the classification of commercial banks by the NBE.
In order to accurately address the reasons behind non-disclosure of losses and the process of nationalization, more specific information and context would be necessary. Factors such as legal frameworks, government policies, economic considerations, and the unique circumstances of the Ethiopian banking sector are likely to influence the reasons for non-disclosure and nationalization. It’s important to note that without further details, providing a specific reason or explanation becomes challenging.
How do u see this classification by NBE
Contact Account please give me