Opening, Relocation and Closure of Branch Office of Capital Goods and Finance Companies Directive No. CGFB/14/2022

The National Bank of Ethiopia has issued Directive No. CGFB/14/2022, which outlines the requirements and procedures for the opening, relocation, and closure of branch offices of capital goods finance companies in Ethiopia. The directive sets out minimum standards for branch offices, including feasibility studies, staff training, security, and licensing, and requires companies to obtain approval from the National Bank before opening, relocating, or closing a branch office.