Bangalore , 25 September 2025 – JMR Infotech, a global leader in digital transformation and banking technology solutions, today announced its commitment to supporting Ethiopian banks in complying with the National Bank of Ethiopia’s (NBE) Recovery Plan of Banks Directive No. SBB/93/2025.
Effective 13 May 2025, the directive requires all banks operating in Ethiopia to prepare credible recovery plans to withstand severe financial stress without government bailouts. The first submission deadline is 13 January 2026, with penalties of Birr 100,000 for failing to submit a recovery plan and Birr 50,000 for failing to update one on time.
Aligned with global Basel III standards, the directive emphasizes early distress detection, continuity of critical banking functions, and strong governance and oversight. Banks must address governance structures, recovery triggers (CAR, LCR, NPL ratio), stress testing and scenario analysis, recovery options, communication strategies, 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.”
With over two decades of expertise in banking technology solutions and services—spanning regulatory compliance, risk management, and core banking—JMR Infotech has successfully partnered with leading banks and financial institutions across Africa, the Americas, Asia, Europe, the Middle East, and Oceania. Drawing on this global experience, the company brings proven expertise in delivering Oracle’s regulatory, risk, and compliance solutions, enabling Ethiopian banks to meet the directive effectively and on time. These solutions support critical areas such as liquidity risk management under stress conditions (including LCR and NSFR ratios), stress testing and scenario analysis for adverse market environments, and establishing accurate, consistent, and integrated data foundations for compliance.
