The Ethiopian Financial Sector Reform
ADDIS ABABA UNIVERSITY SCHOOL OF GRADUATE STUDIES
EFFECTS OF THE ETHIOPIAN FINANCIAL SECTOR REFORM ON THE PERFORMANCE OF BANKS AND THE MARKET SHARE DYNAMICS
By Dawit Keno
A thesis submitted to the School of Graduate Studies of Addis Ababa University in partial fulfillment of the requirements for the degree of Masters of Science in Economics
OCTOBER, 2009
i
Acknowledgement
The author of this thesis acknowledges the support and technical assistance from many sources. I am grateful to my thesis advisor, Professor Teshome Mulat, who has read the manuscript and provided valuable comments. My thanks also goes to Ato Kagnew Wolde, Ato Tegenu Hailu, Ato Atnafu G/Meskel and Staff of Commercial Bank of Ethiopia; without whose encouragement and support, this paper would have not been completed timely.
I am also indebted to my family and friends for their enduring moral support to finalize this task. Thanks must also be extended to staff of National Bank of Ethiopia, public and private banks and Ministry of Finance and Economic Development, who provided data and information which I used in this thesis.
Finally I would like to express my deep thanks to Addis Ababa University for the financial support and for all facilitation in the course of my graduate studies there.
ii
Table of Contents
Titles Pages
Acknowledgement .................................................................................................................... i Table of Contents ..................................................................................................................... ii List of Tables ............................................................................................................................ v Acronyms .................................................................................................................................. vii Abstract
EFFECTS OF THE ETHIOPIAN FINANCIAL SECTOR REFORM ON THE PERFORMANCE OF BANKS AND THE MARKET SHARE DYNAMICS
By Dawit Keno
A thesis submitted to the School of Graduate Studies of Addis Ababa University in partial fulfillment of the requirements for the degree of Masters of Science in Economics
OCTOBER, 2009
i
Acknowledgement
The author of this thesis acknowledges the support and technical assistance from many sources. I am grateful to my thesis advisor, Professor Teshome Mulat, who has read the manuscript and provided valuable comments. My thanks also goes to Ato Kagnew Wolde, Ato Tegenu Hailu, Ato Atnafu G/Meskel and Staff of Commercial Bank of Ethiopia; without whose encouragement and support, this paper would have not been completed timely.
I am also indebted to my family and friends for their enduring moral support to finalize this task. Thanks must also be extended to staff of National Bank of Ethiopia, public and private banks and Ministry of Finance and Economic Development, who provided data and information which I used in this thesis.
Finally I would like to express my deep thanks to Addis Ababa University for the financial support and for all facilitation in the course of my graduate studies there.
ii
Table of Contents
Titles Pages
Acknowledgement .................................................................................................................... i Table of Contents ..................................................................................................................... ii List of Tables ............................................................................................................................ v Acronyms .................................................................................................................................. vii Abstract
Bibliography: 84 Dixon, Huw (1997), Controversy Finance and Development, The Economic Journal, Vol 85 Teshome Mulat (1992), Tax Financing of Government Agricultural Expenditure in Ethiopia, Ethiopian Journal of Economics, Vol