Called the bank of abyssinia, or in amharic yeityopya bank, it was an affiliate of the national bank of egypt, and was founded in 1905. Ethiopian banking history, in its modern sense, began towards the end of the reign of emperor menilek. Eventually in 1980 this bank was itself merged with the commercial bank of ethiopia s. This period witnessed the establishment, as most readers will know, of the countrys first bank. In fact, the history of banking in ethiopia dates back to the turn of the century, when, in 1905, the bank of abyssinia was established in addis ababa, under the reign of menelek ii. Ethiopia may be listed among the longest surviving states in the whole world and has been able to preserve more than any other country in the african. Banking reform in ethiopia charles harvey summary the monopoly governmentowned banks in ethiopia remained relatively sound throughout the period of socialist government. Bounded by sudan to the west and north, kenya to the south, somalia to the southeast, and eritrea and djibouti to the northeast, ethiopia is a pivotal country in. Origins and early development of banking in ethi opia abstract this paper highlights development of ethiopian banking from the beginning of xx century to 1936. Pdf bank service quality, customer satisfaction and. In fact, the history of banking in ethiopia dates back to the turn of the century, when, in1905, the. Few events in the modern history of ethiopia have had. In fact, the history of banking in ethiopia dates back to the turn of the century, when, in1905, the bank of abyssinia was established in addis ababa, under the reign of menelek ii.
The history of banking and other financial institutions inethiopia. This paper highlights development of ethiopian banking from the beginning of xx century to1936. Addis ababa ethiopia is one of the few remaining african countries to introduce mobile banking. After this period many other banks were established. Ethiopia to introduce mobile banking voice of america. The structure and performance of ethiopias financial. With the booming economy and a population of 80 million this country could be. Origins and early development of banking in ethiopia. The banking sector in ethiopia has been dominated by the stateowned commercial bank of ethiopia cbe.
This was consistent with shanka who studied bank service quality, customer satisfaction and loyalty in ethiopian banking sector. The structure and performance of ethiopias financial sector 3 commercial and central bank until 1963 when it was dissolved into todays national bank of ethiopia the central bank, re established in 1976 and the commercial bank of ethiopia, cbe henceforth. Pdf the bank of abyssinia, established in 1905, was given a 50years concession by the emperor menelek ii. The three private banks, banco di roman, banco di napoli and the addis ababa bank s. The birth and development of banking services in ethiopia.
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