NBE Issues Additional Exemption on Loan Restriction

October 27, 2021. National Bank of Ethiopia (NBE) announced today that it has issued additional exemption on loan restriction.
The exemption has been issued for Companies Supplying Petroleum Products in line with an agreement entered with Ethiopian Petroleum Supply Enterprise.
According to the notification dispatched to Bank CEOs, the exemption is effective as of today, October 27, 2021.
For the sake of clarity, NBE underlines that this exemption, for the time being, doesn’t include petroleum dealers.
It’s to be recalled that NBE did issue exemptions regarding loan disbursement on October 1, 2021, on five loan categories.