Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
e) Valid and renewed ID cards and digital photo of the authorized signatories.
9. Cooperatives
a) A certificate of registration issued by the appropriate authority. If the
cooperative is in the process of formation, however, a letter of authority
from the organizing body shall be presented.
b) The approved and registered rules and regulations of the cooperative.
The rules and regulations will have to; nonetheless, bear the official
stamps of the registering body and of the cooperative on all their pages.
c) Minutes of the most recently held meeting of the General Assembly,
which clearly shows the members’ pertinent resolution. If the cooperative
is in the process of formation, nevertheless, a letter of intent signed by all
its members will suffice.
d) A letter of request by the Chairperson to open and operate a current
account.
e) A valid and renewed ID card and digital photo of the person authorized to
operate the account.
f) Tax Identification Number (TIN) for demand deposit account;
10. Labor Unions
a) A certificate of registration from the federal Ministry of Labor and Social
Affairs or from the region’s Bureau of Labor and Social Affairs.
b) Approved and registered rules and regulations of the labor union. Each
page of these rules and regulations shall bear the official stamp of the
registering body and of the labor union.
c) The resolution of the General Assembly that has appointed the Executive
Committee of the labor union. This document must, however, bear the
official stamp of the labor union and of the registering body.
d) Minutes of the Executive Committee.
e) A letter of request by the Chairperson to open and operate the account;
f) Valid and renewed ID cards and digital photo of the authorized
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