Yalemwork amazes the judges again

Once more, the Fana Lamrot contender Yalemwork bewilders the appointed authorities. As indicated by the national bank, the branches worked with global exchange through unlawful means, including the utilization of nearby money, instead of offering monetary types of assistance. typically.

In a letter dated May 27, 2022, and endorsed by Solomon Desta, Deputy Governor for Financial Institutions Supervision at the NBE with respect to branch administrations in Togochale, found 665 kilometers east of Addis Ababa in the Somali province of Somalia, the national bank has taught banks to downsize their provincial branches to sub-branches.

This likewise remembers branches for the town of Moyale, 774 kilometers south of Addis Ababa on the Ethiopia-Kenya line, which, as indicated by senior authorities of the NBE, have been requested by the national bank to minimization to sub-branches.