Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
a) Non Resident Transferable foreign currency Account
b) Non Resident Transferable birr Account
c) Non Resident Non-Transferable birr Account
d) Foreign Exchange Retention accounts
I. Retention” A”
II. Retention “B”
e) Diaspora accounts
I. Diaspora Demand deposit account
II. Diaspora Fixed Time deposit
III. Diaspora Non-Repatriable A/C
3.1.4 Services
CATS process shall provide the following services:
a) Muday Bank Service
b) Fund Transfer
c) Local Money Transfer
d) Foreign Money Transfer
e) Safe deposit box
f) Agency Services
3.2 Features of deposit products and services
3.2.1 Features of local deposit products
3.2.1.1 Features of Savings Accounts
I. Ordinary Savings
a) It is interest bearing account which is compounded monthly;
b) It can be opened individually, jointly and by corporate entities.
c) It can be opened with zero balance given that there is a reasonable source
of fund that bring the balance to the minimum amount of birr 25 within a
month;
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