Mission, Vision, Values

	Home
	About Us History Mission, Vision, Values Organizational Structure Governance of the Bank Mandates of the Bank Notes Gallery Vacancy Procurement Notice
	Directives Banking Business Insurance Business Microfinance Business
	Proclamation NBE Establishment Banking Business Insurance Business Microfinance Business
	Market Daily Exchange Rate Indicative Rates For Major Currencies Against Birr Transaction Exchange Rate for Major Currencies Gold Purchasing Rate Price of Commodities Banks Exchange Rate
	Financial Institutions Banks Insurers Microfinance Institutes
	Statistics Monthly Macroeconomic
	Publications Quarterly Bulletin Annual Report Birritu Magazine News
	Press Room
	Contact Us

	Search this website


	RESOURCES FOR



		Birritu Quarterly Magazine

		Remittance Service

		Banks

		Insurances

		Microfinance Institutions


		Useful Links



	SITE NAVIGATION


		Webmail

		Privacy

		Site Map

		Faq


		Provide Comments on the Website



		Provide Feedback on the Banking Service

		To be one of the strongest and most reputable central banks in Africa.

		To maintain price and exchange rate stability, to foster a sound financial system and undertake such other functions as are conducive to the economic growth of Ethiopia.

VALUES OF THE BANK

�

�

		1.Integrity
		2.Neatness and good appearance
		3.Punctuality
		4.Team work sprit

		Operational Values

		1.Commitment to Excellence Service
		2.Confidentiality
		3.Continuous Improvement
		4.Transparency
		5.Accountability

�

GOALS OF THE BANK

		Goal 1: Carry out extensive and sound institutional transformation tasks. Goal 2: Maintain price and exchange rate stability. Goal 3: Maintain adequate international reserves. Goal 4: Improve the soundness of the financial system. Goal 5: Play a decisive role in economic research and policy advice to the Government. Goal 6: Create efficient Payment System. Goal 7: Improve the currency management of the Bank.

OBJECTIVES OF THE BANK

		Objectives of Goal 1

		1.Identify and conduct Quick wins I activities on continuous basis.
		2.Implement BPR studies conducted and ensure their sustainability.
		3.Review and update the SPM document of the Bank every two years.
		4.In 2005/06, devise a result based scheme that measures the performance evaluation of the work units and individual employees.
		5.Identify and have adequate change agents.
		6.Improve service delivery of the Bank.
		7.Strength IT service and enhance computerization process of the Bank.
		8.Enhance the capacity of the Bank.

		1.Contain annual core inflation (non-food inflation) within a single digit.
		2.Maintain the exchange rate of Birr close to the equilibrium exchange rate.
		3.Contain the premium between the official and parallel market exchange rate to the level below 1.5 percent.
		4.Maintain the premium of respective buying and selling rates of the USD between the NBE and commercial banks below 2 percent.

		1.Ensure that the international reserves of the country is not less than three and half months of imports of goods and non-factor services.
		2.Manage the country's Foreign Exchange Reserve efficiently and effectively.
		3.Ensure and manage the effective use of the country's Foreign Exchange.

		1.Ensure the average level of NPLs of commercial banks is reduced to below 15 percent.
		2.Conduct effective on site inspection of banks.
		3.Conduct effective on site inspection of insurance companies.
		4.Conduct effective on site inspection of micro finance institutions.
		5.Issue seven new directives within the SPM period.
		6.Amend the existing directives/policies.
		7.Ensure systematic risk management framework for each bank.
		8.Introduce CAMEL rating of banks.

		1.Finalize the Ethiopian macro econometric model and start its application
		2.Strengthen the Bank's research and policy advisory capabilities and the dissemination of its findings in terms of published research papers and policy discussion forums by 100% each from 4 and 2 to 8 and 4 respectively.

		1.Create a National Payment System framework.
		2.Conduct structural reforms on the existing payment systems.

		1.Ensure the availability and distribution of the Birr notes and coins.
		2.Ensure the automatic provision of Birr notes exchange services
		3.Increase the daily note sorting and verification capacity of the bank from the existing Birr 650,000 pcs per day by 60%.
		4.Increase the note destruction capacity of the Bank from the existing Birr 700,000 pcs per day by 30%.
		5.Assess counterfeiting situations.

Web Design: Technobros.net