SBB/90/2024 ASSET CLASSIFICATION AND PROVISIONING

The National Bank of Ethiopia has issued the "Asset Classification and Provisioning Directive No. SBB/90/2024" to regulate the classification and provisioning of assets by commercial banks in Ethiopia, aiming to protect banks from overstating profits and ensure timely and accurate provisions for credit losses. The directive provides guidelines for asset classification, provisioning, and reporting requirements for banks to follow.