Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
IV.
Teen-youth Saving Account
The following are eligible to maintain a teen-youth saving account.
a) Individuals whose age is greater than or equal to 14 and less than 18
years old and is generating his/her own income;
b) Minors (through the parents or Tutor)
c) Interdicted persons (through Tutor)
V. Education Saving Account
The following are eligible to maintain an educational saving account.
a) Individuals classified as teen-youth, whose age is greater than or equal
to 14 and less than 18 years old;
b) Any individual, whose age is greater than 18;
c) Minors (through the parents or Tutor);
d) Interdicted persons (through legal Guardian ) ;and
e) Staffs of the CBE’s
4.2 Eligibility to open foreign currency accounts
The following are eligible to open account in foreign currency:
1) Embassies;
2) Foreign diplomats;
3) International organizations;
4) Expatriate employees of international organizations;
5) Foreign based Charities;
6) Foreign investors;
7) Ethiopians living abroad and foreign nationals of Ethiopian
origin(Diasporas);
8) Non-resident Ethiopian Nationals living and working outside Ethiopia.
9) Non-resident foreign nationals of Ethiopian origin.
CATS Procedure | 38