Amhara Bank S.C is a new bank under formation which has received a license from the National Bank of Ethiopia (NBE) to start selling shares to the public. The process of establishing the bank began a few months ago, where a committee chaired by Melaku Fenta, former head of Ethiopian Revenues & Customs Authority (ERCA) and managed by Mesenbet Shenkute, Addis Ababa Chamber of Commerce & Sectoral Associations president and a former bank executive with years of experience.
As of March 2020, Amhara Bank S.C has sold over 5 billion birr worth of shares out of which 4 billion is paid up. The new bank has around 100,000 shareholders which makes it the largest number among all private banks in Ethiopia. 1 share has a value of 10,000 birr and the minimum number of shares that can be purchased is 10 (10,000 birr) with the service charge value being 5%.
The final date for share sales, which was March 09, 2020 (የካቲት 30) has been postponed by 5 weeks April 22 (ሚያዝያ 7) in order to allow the diaspora community to buy shares. Ethiopian diasporas can and are encouraged to buy the bank’s shares.
Amhara Bank project office address is located on the 2nd floor of Bloom Tech Building, Next to Jupiter International Hotel, Kazanchis, Addis Ababa. Shares can be purchased at Abay Bank, Abyssinia Bank, Dashen Bank, Bunna Bank, Awash and Commercial Bank of Ethiopia. For further information, you can contact the project office using the following phone numbers
- +251 984 71 6308
- +251 921 60 7902
- +251 921 94 3382
- +251 903 19 9945