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Siinqee Bank Accelerates Growth, Struggles to Convert Scale into Profit

Composite Performance Index Rating: 2 / 5

Nevertheless, while its deposit base grew explosively, Siinqee Bank's lending operations faced substantial limitations, mainly due to the National Bank of Ethiopia’s (NBE) regulatory credit growth ceiling. This has turned what could have been an expansive lending opportunity into a delicate liquidity balancing act.

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