The Commercial Bank of Ethiopia, CBE, has announced plans to woo nationals in the diaspora with mortgage loans. The bank in a statement issued on Friday said, the persons targeted are non-resident Ethiopians and foreign nationals of Ethiopian origin. “He added that the mortgage loan would benefit non-resident Ethiopians and foreign nationals of Ethiopian origin. 2 – They also removed the current diaspora account limit of USD 50,000. 3 – NBE’s purchase of 30% of the forex earnings of the private banks will be at mid rate instead of the current buying rate.

Source: Ethiopian News October 06, 2018 12:00 UTC