Summary
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The National Bank of Ethiopia has issued Directive No. SBB/87/2024, which sets prudential limits on large exposures to counterparties or groups of connected counterparties, aiming to prevent banks from taking on excessive risk that could jeopardize their financial soundness. The directive requires banks to maintain exposure limits, report large exposures, and establish policies and procedures for monitoring and managing risk concentrations, with the goal of promoting stability in the banking sector.
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