Financial Performance of National Bank of Ethiopia
UNIVERSITÀ DEGLI STUDI DI BERGAMO
FACOLTÀ DI ECONOMIA
Corso di Laurea in MASTER IN MICROFINANCE Corso di MLaurea in MASTER IN MICROFINANCE Classe n. 2007/2008
Università Degli Studi Di Bergamo
Financial Performance of National Bank of Ethiopia Workers’ Savings and Credit Association with special emphasis to adjustments (NBE WSACA)
Relatore:
Prof: Jacob Yaron
Prova finale di Gebeyaw Aychile
NOME COGNOME
Matricola n.
1004704
ANNO ACCADEMICO
0
Financial Performance of National Bank of Ethiopia Workers’ Savings and Credit Association with special emphasis to adjustments (NBE WSACA)
By Gebeyaw Aychile
Research Paper Submitted to the State University of Bergamo In Partial Fulfilment of the Requirement for the Degree of Master in Microfinance
Adviser Professor Jacob Yaron
October 2008
1
Table of Contents
page
UNIVERSITÀ ...................................................................... Error! Bookmark not defined. Acknowledgements ................................................................................................................ 4 Acronyms & abbreviations ..................................................................................................... 5 Abstract ................................................................................................................................... 6 1. Introduction ........................................................................................................................ 7 1.1 Background ....................................................................................................................... 7 1.2 Financial sector in Ethiopia .............................................................................................. 8 1.3 Objectives of the study ..................................................................................................... 9 1.4
FACOLTÀ DI ECONOMIA
Corso di Laurea in MASTER IN MICROFINANCE Corso di MLaurea in MASTER IN MICROFINANCE Classe n. 2007/2008
Università Degli Studi Di Bergamo
Financial Performance of National Bank of Ethiopia Workers’ Savings and Credit Association with special emphasis to adjustments (NBE WSACA)
Relatore:
Prof: Jacob Yaron
Prova finale di Gebeyaw Aychile
NOME COGNOME
Matricola n.
1004704
ANNO ACCADEMICO
0
Financial Performance of National Bank of Ethiopia Workers’ Savings and Credit Association with special emphasis to adjustments (NBE WSACA)
By Gebeyaw Aychile
Research Paper Submitted to the State University of Bergamo In Partial Fulfilment of the Requirement for the Degree of Master in Microfinance
Adviser Professor Jacob Yaron
October 2008
1
Table of Contents
page
UNIVERSITÀ ...................................................................... Error! Bookmark not defined. Acknowledgements ................................................................................................................ 4 Acronyms & abbreviations ..................................................................................................... 5 Abstract ................................................................................................................................... 6 1. Introduction ........................................................................................................................ 7 1.1 Background ....................................................................................................................... 7 1.2 Financial sector in Ethiopia .............................................................................................. 8 1.3 Objectives of the study ..................................................................................................... 9 1.4
References: Table 1- Selected Macroeconomic and social indicators of Ethiopia 2005 Population (2005)* Population growth GNI per capita $ (2005)* GDP $ (2006) GDP growth, annual (2005) 75.17 2.8% 150 11 billion 11.6% 2006 2007 7 2005 General Inflation, annual (2005) 8.8537 2006 8.9666 2007 9.3192 Source: National Bank of Ethiopia Annual report (2006/2007) (*) World Bank Group Data and Statistics (accessed on 18/08/08)