Banking Industry Risk Management – Survey Report

The National Bank of Ethiopia conducted a survey to assess the risk management practices of banks in the country, revealing both positive steps taken by banks to strengthen their risk management practices and significant weaknesses, including inadequate training, budget, and risk management strategies. To address these weaknesses, the survey recommends that the National Bank of Ethiopia review and issue risk management guidelines, require banks to produce risk management programs, and design short-term training programs for bank board members and risk management staff.