Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
c) The minutes of the meeting of the Board of Directors held to discuss the
opening and operation of the account;
d) A letter of request to open and operate the account, which is signed by the
Chairperson of the Board and bears the company’s seal; however, the general
manager shall sign on the request letter, if it is delegated by the board.
e) A valid and renewed ID card of the person authorized to operate the account;
and
f) A tax identification number (TIN).
5. Institutions for Higher Learning
I. Colleges and Universities (State Owned)
a) A letter of authority from the federal Ministry of Education or from the
concerned university, Or
b) A letter of authority from the concerned university or from the Education
Bureau of the region, whichever is appropriate; or
c) On the strength of the institution’s letter of request, if the institution was
established by proclamation and its establishment was announced in the
Negarit Gazetta; and
d) A valid and renewed ID card of the person authorized to operate the
account.
II.
Private Schools, Colleges and Universities
a) If the private school or college was established in the form of a private
limited company, all the required documents stated under 3 (a-e) must be
produced, and the account should be opened in the name of the school or
college;
b) If the private school or college was established by an individual, all the
required documents stated under 3 (a-d) must be produced and an
earmarked demand deposit account should be opened in the name of the
person, the school or college; and
c) A valid and renewed ID card of the person authorized to operate the
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