What types of collaterals are acceptable?
Acceptable collaterals which need to be registered with a legally empowered registrar office include:
Real properties (premises, buildings, houses and leased lands), motor vehicles, construction machineries, equipment and corporeal elements of business entities.
Acceptable collaterals which may not be registered by a registrar office include:
Merchandise, bank guarantee, guarantee from federal or regional governments, guarantee from Development Bank of Ethiopia, guarantee from non-government organizations, deposits in banks, negotiable instruments (treasury bills and government bonds), share certificates other than Coopbank’s share, trade receivables, written undertakings from federal regional governments, corporate/personal guarantee and valid Import and Export documents