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Erudite AfricaCenter of Excellence
← Financial Modeling and Company Valuation

Banks, special situations, reporting and advanced models

Module 05 / 5 · 70 min

Value banks and insurers within capital rules, handle minority, control and privatization questions, present a valuation report, and take the first steps into merger models, simulation and model review.

In this module you will learn to

  • Value banks and insurers with dividend discount and excess return models, respecting SBB/95/2025 capital ratios
  • Apply minority, control and unlisted share discounts and sum-of-the-parts valuation to special situations such as privatization
  • Present a valuation report with a football field and sensitivities that meets prospectus and committee expectations
  • Explain accretion and dilution, Monte Carlo simulation and independent model review at an advanced level

Built on

  • Erudite Africa training module: Ethiopian Context, topic 3.a Financial Modeling and Company Valuation, Levels 1 and 2 and the Level 3 outline (October 2026)
  • Erudite Africa Training Module: Ethiopian Context, programme overview and regulatory register (October 2026)
  • Income Tax Proclamation No. 979/2016 as amended by Proclamation No. 1395/2025; Value Added Tax Proclamation No. 1341/2024; Financial Reporting Proclamation No. 847/2014 (status to confirm)
  • NBE directives as listed in the lessons: FXD/01/2024, FXD/04/2026, SBB/95/2025, SBB/78/2021 (reported); NBE Monetary Policy Committee release No. 7 (July 2026)
  • ECMA public offer directive (reported as No. 1030/2024) and the ESX Rulebook (December 2024)
  • The FAST modeling standard and IFRS (IAS 16, IAS 29, IFRS 16) as general professional references

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.