Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
and no cheques shall be issued until the customer brings Tax
Identification Number (TIN) for demand deposit account;
b) A valid and renewed ID card of the person authorized to operate the
account;
15. Account for firms under the process of registration for Investment
or Trade license
a) A letter of authority from the licensing body will have to be presented.
b) A valid and renewed ID card of the person authorized to operate the
account. However, the account will be blocked until they are presented
the Investment license and Principal registration.
c) If their request fails, the balance should be released and refunded up on
presentation of a letter of consent from the licensing organ.
16. Account for Overseas Organizations Which Are Working in Ethiopia.
Overseas organization due to bilateral, contractual, multilateral, etc. agreement
work in Ethiopia without establishing branch office may request for account
opening for local payments. To that end, the following documents should be
produced:
i. Due to contractual agreement
a) The overseas organization shall give power of attorney to the country
representative and shall be authenticated from ministry of foreign
affairs and registered by FDRE document authentication and
registration office.
b) Shall present memorandum and article of association of the overseas
organization which is sealed by foreign affairs.
c) Contractual agreement of the organization with other local
organizations
d) Supporting letter from the local organization giving the contract.
e) A valid and renewed Id card of the person authorized to operate the
account;
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