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Ethiopia - Renewal of Banking Business License


Procedure

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Apply In-Person:

  1. Application for renewal of Banking Business License is available in the National Bank of Ethiopia contact link
  2. Applicant should provide all necessary information that is requested in the application form.
  3. Applicant must carry all related documents which are mentioned under “Required Documents” section of this page (both photocopies and originals).
  4. Applicant should attach photocopies of documents (whichever is necessary) along with the application form.
  5. Fee for this procedure is 50,000 Birr.
  6. Fee has to be paid at the National Bank by bankers’ cheque.
  7. Applicant should attach photocopies of documents along with the application form while submitting.
  8. If all the above-mentioned procedures were followed properly, the procedure will be completed within 30 days by visiting the office.




Required Documents

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Documents required for this procedure to complete are:

  • ID Proof
  • Address Proof
  • Certificate of Incorporation
  • Memorandum and articles of association
  • CV of shareholders
  • Bank statement
  • Business Plans
  • Financial Plans





Office Locations & Contacts

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National Bank of Ethiopia,
Addis Ababa, Ethiopia.
Contact No: +251115517438
Contact link
Location link



Eligibility

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Companies that are registered under the Companies Act for Banking business must renew their license for continuing with their banking business.


Fees

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Fee for applying for renewal of license is 50,000 Birr.


Validity

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Valid for 1 year.


Documents to Use

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Please attach documents that can be used by people. e.g. links




Sample Documents

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Please attach sample completed documents that would help other people.



Processing Time

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Processing time for this procedure is 30 days.


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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.




Instructions

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  • Applicant must be aware of renewal guidelines.
  • Applicant should follow all details provided by the concerned authorities properly.



Required Information

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  • Name of Applicant
  • Address of Applicant
  • Location of the bank
  • Commercial Bank License Number
  • Tax Clearance Certificate
  • Provisional Tax Payment
  • Proof of legal address
  • Bank statements
  • Utility Bill Receipt




Need for the Document

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Renewal of a Banking Business License is necessary for any organization or company that carry banking business.


Information which might help

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The National Bank of Ethiopia holds the right for renewal of Banking Business License.


Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.




External Links

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Others

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More information which might help




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