የባንኮች ውህደት ለፋይናንስ ደህንነት - EP4

According to a recent report by National Bank of Ethiopia (NBE), by the end of June 2024, 31 commercial banks operated in Ethiopia. Based on asset size, NBE distinguishes three types of commercial banks: large, medium, and small banks. The only large bank in the country is the state-owned CBE. At the end of June 2024, its total assets accounted for 47.9% of the whole banking sector. The report stated five medium-sized banks in the industry with combined assets of 28.9 percent of the sector’s total assets and 25 small banks with combined total assets accounting for 23.3 percent of the banking sector assets. This calls for merger of small banks to withstand the upcoming competition from the opening up of the sector to foreign players. This session is about merger of banks in Ethiopia as discussed by Million Kibret, managing partner of BDO in Ethiopia and Tilahun Girma, partner at PKF Ethiopia.