Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
55. Private Business Establishment: Shall refer to a business established as
Sole Proprietorship or Business Organization which are not owned by the
government.
56. Private Sector: Shall mean the part of a nation's economy which is not
controlled by the government.
57. Prospect customer: shall refer to a proposed (potential) customer in which
the bank assumes to deal with business. Such type of customers may be
recruited during cross selling or any other marketing activities until the
customer fulfill the eligibility criteria.
58. Public Enterprises: Shall refer to a wholly state owned enterprise
established for gain, manufacturing, distribution, service rendering or other
economic and related activities.
59. Safe Deposit Box: shall refer to a strong metal container that can be rented
on annual basis to store valuables items and retained in small compartments
in the bank vault. Each compartment has separate lock with a dual access key
to meet the need of customers and available in a variety of size.
60. Savings Account: shall refer to interest-bearing deposit account with the
CBE maintained by physical and legal persons who can fulfill the
requirements of the Bank.
61. Societies: Shall mean associations which are established, by the
proclamation for Charities and Societies (No.621/2008), to protect the
interest of their members and specific segment or group of the society
62. Sole Proprietorship: shall mean a business established by a single natural
person.
63. Special-Demand Deposit Account (SDDA): shall refer to a non-interestbearing
account that is opened to fulfill the requests of those customers who
for one reason or another do not want their deposit to accrue any interest.
64. Staff Accounts: shall refer to a bank account that is opened by the staff of
CBE.
65. Supplier: shall refer to a company which has a special agreement with the
CATS Procedure | 8