Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
III. Post account opening document authentication shall be performed by the
account opening branch/CATS CPC.
IV. Authenticating the letter of request shall be enough instead of individual
IDs in case of account opening based on letter of request issued from
corporate customers of the bank or other known entities such as
universities for their students ,government entities and branch’s
corporate customers for their employees ;
V. The bank shall require the following documents to open a local-currency
deposit account;
1. Individuals
a) One valid and renewed ID card; and
b) Tax Identification Number (TIN) for demand deposit account;
c) Two recent passport-size photographs for a savings account and one for a
demand-deposit account (if there is no digital camera in the branch)
d) On the other hand, in order to open Teen-Youth Saving Account the
following documents are acceptable as Identification cards:
1) Student ID Cards;
2) Birth Certificates/Birth Notifications/Baptism Cards;
3) Letter of confirmation from the appropriate authority.
2. Individual Trade Operators (sole proprietorship)
a) One valid and renewed ID card;
b) A renewed trade license and principal registration;
c) A recently taken passport-size photograph (if there is no digital camera
in the branch); and
d) Tax Identification Number (TIN).
3. Private Limited Company
a) The company’s renewed trade license and principal registration; and an
investment certificate (for investors);
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