• International Islamic Bank Group receives license from National Bank of Ethiopia

• Representative office to be established in Addis Ababa

• Approval aligns with Ethiopia’s financial sector liberalization reforms

• Office will focus on market research and business liaison activities

• No direct banking services allowed under representative office license

• Move signals rising foreign investor interest in Ethiopia’s banking sector

why it matters?
Entry of foreign banking groups under representative licenses signals gradual financial sector opening, increasing competition and potential future capital inflows into Ethiopia’s banking industry.