ZemZem Bank has officially announced that it will not merge with Hijra Bank, citing its achievement of reaching 5 billion birr in paid-up capital. The decision comes in line with the National Bank of Ethiopia’s directive requiring banks to strengthen their capital base. By meeting the regulatory threshold independently, ZemZem Bank stated it is well-positioned to continue operating on its own, reinforcing its commitment to growth and stability in Ethiopia’s financial sector. Subscribe to Addis Business Review
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