Opening,Relocation and Closure of Branch or Sub-branch offices of Microfinance Institutions (2nd replacement) MFI-35-2002

The National Bank of Ethiopia has issued a directive outlining the procedures for microfinance institutions to open, relocate, or close branch or sub-branch offices, ensuring sound and prudent practices to maintain the safety and soundness of the institutions. The directive, effective as of November 23, 2022, requires microfinance institutions to obtain licenses and follow specific guidelines for branch and sub-branch operations, including feasibility studies, staff training, and customer notification.