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.
According to reliable sources, as of Sep 2019, the new bank has sold over 380 million birr worth of shares. 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%. Ethiopians and diasporas can buy the 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, Dashen, Bunna, Awash, Oromia, United (Hibret), Nib, Anbessa and Commercial Bank of Ethiopia.
For more information, please use the following phone numbers
+251 912 00 1819, +251 911 24 8160, +251 941 46 6607, +251 911 60 0388, +251 911 13 3014