39th Year No. 12
N E G A R I T E T A
WHEREAS, it is necessary to bring the Commercial Bank of Ethiopia S.C. and Addis Bank under a centralized banking
plication of efforts and obtain the proper administration requi red thereof ;
CONTENTS
Proclamation No. 184 of 1980
Establishment Proclamation
PROCLAMATION No. 184 OF 1980
A PROCLAMATION TO PROVIDE FOR THE ESTABLISHMENT OF THE COMMERCIAL BANK OF ETHIOPIA
Page 99
WHEREAS, the operation of the activities of the Com mercial Bank of Ethiopia S.C. and Addis Bank heretofore has resulted in the duplication of efforts due to their identical ob jectives, powers and duties ;
2. Definitions
WHEREAS, it is necessary to develop socialist principles. of credit planning, control and supervision ;
_ NOW, THEREFORE, in accordance with Article 5 (6) of the Redefinition of the Powers and Responsibilities of the Provisional Military Administrative Council and the Council of Ministers Proclamation No. 110/1977, it is hereby proclaimed as follows:
1. Short Title
This Proclamation may be cited as the " Commercial Bank of Ethiopia Establishment Proclamation No. 184/1980. "
In this Proclamation:
1) “ person ” shall mean any natural or juridical person ;
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