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NBE Urges Financial Institutions to be Ready for Intense Competitions Ahead

Addis Ababa June 15/2023 (ENA)The National Bank of Ethiopia (NBE) has urged financial institutions to be ready for consolidation, upgrading of technology and capital, and revisiting their strategies in light of the intense competition ahead of them. Addressing the two-day annual East African Finance Summit underway in Addis Ababa, NBE Deputy Governor Solomon Desta said the financial sector in Ethiopia undergoing through series of reform.

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