Ethiopia - Apply For a Licence to Start a Commercial Bank

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Procedure

Apply In-Person:

1. Application form for getting a license to start a commercial bank is available in the National Bank of Ethiopia contact link
2. For getting the license, applicant must complete the application form by providing all information in the application form properly.
3. Applicant should make sure to carry all necessary documents that are mentioned under “Required Documents” section of this page (Both Photocopies and Originals).
4. Applicant must attach photocopies of documents (whichever is necessary) along with the application form while submitting the application form.
5. Fee for this procedure has to be paid as per authority’s request.
6. After the application gets approval from concerned authorities, the license will be issued within 30 days.
7. If license is not issued within a month, applicant can visit the office to know status of their application.
   

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Required Documents

• Memorandum and Articles of the organization
• Certificate of Incorporation
• Minimum paid up share capital
• Business and Financial Plans
• Work Permits for all Non-Ethiopian directors and employees in the organization
• Proof of shareholders
• Tax Clearance Certificate
  

Office Locations & Contacts

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

Eligibility

Any Individuals who are residing in Ethiopia and are willing to start a bank in Ethiopia are eligible.

Fees

Fee for this procedure has to be paid as per authority’s request.

Validity

Valid for 1 year.

Documents to Use

Please attach sample documents that can be used by people.

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Processing time for this procedure is 30 days.

Related Videos

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

• Applicant must provide genuine information and documents while submitting the application form.
• Applicant must complete application form before submitting; incomplete applications will be rejected by authorities.
  

Required Information

• Name of the Applicant
• Address of the Applicant
• Proposed name for the commercial bank
• Location of Commercial bank
• Previous commercial bank license number
• Evidence of Provisional Tax Payment
  

Need for the Document

License is necessary for operating a commercial bank in Ethiopia.

Information which might help

National Bank of Ethiopia is responsible for providing license to start a commercial bank in Ethiopia.

Other uses of the Document/Certificate

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

External Links

Link

Others

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