🚨 Are 25 Ethiopian banks on the edge of disappearing? A new financial stability report from the National Bank of Ethiopia just revealed a shocking reality for the country's banking sector. Out of 31 commercial banks, only ONE giant (the Commercial Bank of Ethiopia) controls a massive 50% of the market. Five medium-sized banks hold 29%, leaving 25 small banks fighting for survival over just 22% of the market share. Coupled with a brutal 151.4% currency devaluation, severe cash shortages, and an
3:44
TikTokhenok_zehabesha
🚨 Are 25 Ethiopian banks on the edge of disappearing? A new financial stability report from the National Bank of Ethiopia just revealed a shocking reality for the country's banking
Zehabesha(@henok_zehabesha). original sound - Zehabesha. 🚨 Are 25 Ethiopian banks on the edge of disappearing? A new financial stability report from the National Bank of Ethiopia just revealed a shocking reality for the country's banking sector. Out of 31 commercial banks, only ONE giant(the Commercial Bank of Ethiopia) controls a massive 50 ...
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