National bank of ethiopia annual report 2017 pdf

Financial reporting standards ifrs, the newly introduced regulatory and monetary measures by national bank of ethiopia and the recent tax proclamation. Ethiopias economy experienced strong, broadbased growth averaging 9. Report of the ministry of education for the year ended 30 june 2017 pursuant to section 441 of the public finance act 1989, i am pleased to present the annual report of the operation of the ministry of education and our audited financial statements for the year ended 30. The countrys current constitution from 1995, establishes the federal structure based on nine ethnic regional states and two special status cities. Both the global and domestic economic environments have shown a modest improvement despite the circumstances in the fiscal year under. The report contains information prepared on the basis of the banking act 1959 cth, corporations act 2001 cth, accounting standards and interpretations issued by the australian. Ethiopia global economic prospects examines trends for the world economy and how they affect developing countries. Dashen bank coined its name from the highest peak in the country, mount dashen, and aspires to be bestinclass bank in africa. The following people participated in the meeting and contributed to the report.

The world bank says ethiopias economy will be the most expansive on the continent for the year 2017 followed by tanzania, ivory coast and senegal in that order. National bank of ethiopias currency devaluation is credit positive. Danske bank annual report 2017 07 executive summary we delivered a strong financial result for 2017, says thomas f. The case summaries in this report touch every field office, every state and nearly every region of the world. Percent of people ages 15 and above, annual, not seasonally adjusted 1994 to 2017 mar 20 number of bank branches for ethiopia number per 100,000 adults. Ethiopia aims to reach lowermiddleincome status by 2025. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. Ethiopia the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. National bank of ethiopia 201415 annual report 5 i.

I am delighted to report to you the banks operating results of 201718 fiscal year. Annual reports, management proxy circulars and annual information forms. We produce this report to help our stakeholders and those who are interested in adb gain a deeper understanding of our organization and its operations. Includes external liabilities of the national bank of ethiopia. Nib international bank nib was established on 26 may 1999 under license no. The covid19 virus that triggered a supply shock in china has now caused a global shock. Low mobile phone subscription is usually blamed for low mobile money account penetration in ethiopia. Composition of public and publiclyguaranteed external debt as at june 30, 2017 source. Risks of financing stress build across region, especially at lower end of rating scale. Learn how the world bank group is helping countries with covid19 coronavirus. Nbe national bank of ethiopia oss one stop shop ppp public private partnership. The national bank of ethiopia was established in 1963 by proclamation 206 of 1963 and began operation in january 1964.

Our 2019 annual financial report includes the report of the directors, together with the financial statements of the group for the year ended 30 september 2019. Afdb annual reports financial reports african development. Ras desta damtew avenue red cross building telephone. The report largely covers the 2017 reference period along with some achievements made during the first semester of 2018. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a global financial shock and recession. In line with the qatar national vision annual report 2010. Annual public sector debt portfolio report for the year. The result reflects continued progress in the nordic economies, a high level of customer activity throughout the year and our business initiatives aimed at. This annual report is issued in a period, when the world faces several challenges including slowing global growth, climate change and increasing numbers of displaced people. Lbb00799 in accordance with the commercial code of ethiopia and the proclamation for licensing and supervision of banking business proclamation no. Financial performance of national bank of ethiopia essay. Prior to this proclamation, the bank used to carry out dual activities, i. Ethiopia is the second largest refugeehosting country in africa, hosting 889,071 refugees.

Zequala complex, jomo kenyatta avenue, addis ababa, ethiopia. Annual public sector debt portfolio report for the year 201718. National bank of ethiopia s currency devaluation is credit positive. Ethiopian economy will be africas most expansive in 2017.

Annual report 2017 volume i preliminary pages list of acronyms part i key economic indicators key social indicators chapters 1. The bank continued to diversify annual report 2012. Headquartered in addis ababa, the bank is the biggest private bank in ethiopia. Mobile money schemes, hellocash and mbirr launched the africa report, february 5, 2015 3 ethiopia launches mobile money to extend banking reach reuters, february 4, 2015.

The national bank of ethiopia nbe notes agriculture, industry and services have contributed 35%, 27% and 39% to gdp respectively during the 2017 18 ethiopian fiscal year as opposed to 36. Largescale and unprecedented protests swept through ethiopias largest region of oromia beginning in november 2015, and in the amhara region from july 2016. This annual report reflects the important cases the criminal investigation division has worked during fy 2017. In 2017, 103,263 new refugees arrived in ethiopia, of which more than 73,000 were south sudanese, and a majority were women and children.

Download our 2017 annual report and learn important information regarding central bank. National report of ethiopia sustainable development. The meeting brought together specialists in african tourism and economic development. World bank national accounts data, and oecd national accounts data files. Despite focusing most of our time on traditional tax cases, we have also managed to maintain a formidable presence in the. I am pleased to present the 2016 annual report of the africa group 1 constituency at the world bank group wbg. Ethiopian based progressive and modern banking institution, endowed with a strong financial structure and strong management, as well as a large and everincreasing customers and correspondent base. Average annual change in share of value added of agriculture, hunting and forestry in total value added, 19952014 42. Mar 19, 2018 download our 2017 annual report and learn important information regarding central bank. Ethiopias real gross domestic product gdp growth decelerated to 7. Percent of people ages 15 and above, annual, not seasonally adjusted 1994 to 2017 mar 20 number of bank branches for ethiopia number per 100,000 adults, annual, not seasonally adjusted 2004 to 2012 20180921.

Ethiopia is a federal country with a twotiers structure of decentralized governance. The national bank of ethiopia nbe notes agriculture, industry and services have contributed 35%, 27% and 39% to gdp respectively during the 201718 ethiopian fiscal year as opposed to 36. Financial performance of national bank of ethiopia essay sample. Resource description it is indeed an honor and privilege for me to present wegagen banks fy 201718 annual report to the general assembly of shareholders of the bank. Jun 18, 2018 low mobile phone subscription is usually blamed for low mobile money account penetration in ethiopia. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. African development bank group annual report 2018 annexes. National bank of ethiopia annual report 20062007 world bank group data and statistics accessed on 180808 1. The result reflects continued progress in the nordic economies, a high level of customer activity throughout. National bank of ethiopia 4 2017 18 annual report i. Bank of abyssinia, ethiopian bank, addis ababa bank. This is a clear, comprehensive, and detailed record of our operations, activities, and financial results over the past year. The world bank annual report 2017 was produced by the world bank groups external and corporate relations unit, led by jeremy hillman in the corporate communications department, with editorial coordination by daniel nikolits, and key contributions from marjorie bennington, denise bergeron.

Nib insurance company is one of gaint insurance companies which is found in ethiopia, if you think to get best insurance service in ethiopia, nib insurance is the best place to come and get those insurance services, our company had long experiance in ethiopian insurance sector and get more. National bank of ethiopia, has also augment the activities of the sector. The development bank of ethiopia is a specialized financial institution established to promote the national development agenda through development finance and. National bank of ethiopia, financial intelligence center. Brief history established in january 1964 as the central bank of note issue. Economist and cottl, mesfin girma economist and cottl, ruth hill sr. National bank of ethiopia nbe, the financial industry had been able to mobilize deposits to the. Unicef ethiopia, under the leadership of the government of ethiopia, supported the. Economic, price and financial system stability, outlook and policies 2. Dirk bezemer, professor, faculty of economics and business.