JMR Infotech, a global provider of digital transformation and banking technology solutions, has confirmed its support for Ethiopian banks in meeting the requirements of the National Bank of Ethiopia’s (NBE) Recovery Plan of Banks Directive No. SBB/93/2025.
The directive, which came into effect on 13 May 2025, obliges all banks in Ethiopia to prepare robust recovery plans to ensure they can withstand severe financial stress without resorting to government bailouts. The first deadline for submission is 13 January 2026, with penalties set at Birr 100,000 for non-submission and Birr 50,000 for late updates.
In line with Basel III global standards, the regulation underscores the importance of early detection of financial distress, safeguarding critical banking operations, and maintaining sound governance. Banks must include in their plans details on governance frameworks, recovery triggers such as CAR, LCR and NPL ratios, stress testing and scenario planning, recovery strategies, communication protocols, and preparatory measures.
“The NBE’s Recovery Plan Directive is a significant step towards strengthening Ethiopia’s financial ecosystem,” said Suresha Ramachandra Iyer, President & Head – Enterprise Risk and Analytics, JMR Infotech. “At JMR Infotech, we are committed to empowering Ethiopian banks with the right tools, expertise, and frameworks to not only achieve compliance but also build long-term resilience.”
JMR Infotech, with more than 20 years of experience in banking technology and services across regulatory compliance, risk management, and core banking, has collaborated with leading banks and financial institutions across Africa, the Americas, Asia, Europe, the Middle East, and Oceania. Leveraging this extensive global expertise, the company delivers Oracle’s regulatory, risk, and compliance solutions, enabling Ethiopian banks to fulfil the directive effectively and within the required timeframe. These solutions support essential functions such as liquidity risk management under stress scenarios (covering LCR and NSFR ratios), advanced stress testing and scenario analysis, and the creation of accurate, consistent, and integrated data frameworks for regulatory compliance.