Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
4. ELIGIBILITY CRITERIA AND REQUIRED DOCUMENT TO
OPEN ACCOUNT
4.1 Eligibility to open local deposit accounts
I. Ordinary Saving Account, Demand Deposit Account, Fixed-Time Deposit
or Special Demand Deposit Account
The following are eligible to maintain local ordinary savings account, Demand
Deposit Account or Fixed-Time Deposit
II.
a) All natural and legal persons recognized by Ethiopian laws;
b) Minors through parents or tutors ;and interdicted persons through and
legal Guardians )
Women Saving Account
The following are eligible to maintain a women saving account
a) Individual women;
b) Various associations owned by women with more than 50% share
c) Businesses entities fully owned by women;
d) Minor women (through parents or tutors);
e) Incapacitated women (through legal guardians);
f) Women staffs of the CBE.
III.
Youth Saving Account
The following are eligible to maintain a youth saving account.
a) All Individuals whose age is greater than or equal to 18 and less than or
equal to 24 years old;
b) Individual trade operators (sole proprietorship);
c) Interdicted persons (through legal guardians)
d) Staffs of the CBE’
CATS Procedure | 37