History
Photo Taken In 1934
Photo Taken In 1934
The National Bank Of Ethiopia Originated From The Bank Of Abyssinia, Which Was Established On February 15, 1906 By The Then King Menelik II. It Was Originally A Private Bank. Its Shares Can Be Traded In Addis Ababa, New York, Paris, London And Vienna. Later Branches Were Opened In Harar (1906), Dre Dawa (1908), Gore (1912), Desi (1920) And Other Places. The Esso-Djibouti Railway Was One Of The First Projects To Provide Financing For The Bank. A Transit Office Was Established In Djibouti In 1920.
In 1931, King Haile Selassie I Made Changes To The Banking System. The Abyssinian Bank Was Liquidated And Replaced By The Bank Of Ethiopia, Which Was Wholly Owned By The State. The Original Management, Staff And Premises Of The Abyssinian Bank Were Transferred To The Ethiopian Bank To Provide The Country With Central And Commercial Banking Services. In 1935, Ethiopia Was Invaded By Italy, And The Ethiopian Bank Was Closed Down.
On April 15, 1943, The State Bank Of Ethiopia Resumed Operations And Continued To Provide Central And Commercial Banking Services. By January 1964, Under Proclamation 206 Of 1963, And With The Assistance Of Special Envoy Earl Latham Of The U.S. Department Of State, It Was Changed To Its Current Name, Focusing On The Functions Of The Central Bank.
