Summary
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The National Bank of Ethiopia has issued Directive No. SBB/89/2024, which outlines the requirements for persons with significant influence in a bank, including directors, chief executive officers, and senior executive officers. The directive sets out fit and proper criteria, including knowledge and experience, integrity, financial soundness, and independence of mind, to ensure that individuals with significant influence in banks are suitable to hold such positions and maintain the stability and integrity of the banking sector.
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