Whereas, a business process supported by information technology improves the efficiency, effectiveness and competitiveness of a Bank;

Whereas, some banks are running their operations manually or their operations are inadequately supported with information technology;

Whereas, it has become important to require banks to automate at least their core business processes and their management information system;

Whereas, risks related to the usage of information technology should be adequately and periodically identified and managed to ensure the safety and soundness of individual bank and the banking sector as a whole;

Now, therefore, in accordance with Articles 65(2) of the Banking Business Proclamation No. 592/2008 (as amended by Proclamation No. 1159/2019), the National Bank of Ethiopia has issued this Directive.