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@capitalethiopia Fri, 31 Jul 2026 06:41:50

NBE bars former Global Bank CEO Tesfaye Boru for five years

The National Bank of Ethiopia (NBE) has barred Tesfaye Boru, former Chief Executive Officer of Global Bank Ethiopia (GBE), from holding senior leadership roles in any financial institution for five years, citing repeated regulatory violations. In a letter dated July 29, the central bank confirmed that Tesfaye was removed from his position following a special

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