A new bank, Ahadu Bank S.C has started selling shares. The bank has setup a project office around bambis, Addis Ababa. The bank is among many other banks which have sprung up and started selling shares in the last 1 year. Amhara Bank, ZemZem Bank, Gadda Bank are among the new banks which have started selling shares.
There is also a new mortgage bank, Goh Betoch Bank S.C, which will specialize in providing loans to buy and maintain houses. Selam Bank S.C is also a new mortgage bank which is under formation.
The banking sector in Ethiopia has a lot of potential compared to other African countries with only 17 private banks and two state owned banks.