A number of banks in Ethiopia have reported their gross profit before taxes and other deductibles for the 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We compiled this report and also estimated the profit of the remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.Read More
Amhara Bank S.C አማራ ባንክ Latest Ethiopian News
Jun 13, 2022 | 0
Amhara bank which has the largest number of shareholders from any bank in Ethiopia will officially start it’s operations on June 18, 2022 (Sene 11:2014)Read More
May 17, 2021 | 0
The National Bank of Ethiopia (NBE) has directed new entrants to the banking industry to increase their paid-up capital to 5 billion birr 7 seven years.
Currently, 20 banks are under-formation, another four are waiting for an approval from the NBE.
Except for Amhara Bank, which has collected six billion birr paid-up capital prior to its general assembly, almost all new entrants have sold shares worth below one billion BirrRead More
Feb 5, 2021 | 0
Amhara Bank is at loggerheads with 10 banks over repayment of interest on the paid-up capital it has collected.
The dispute arose one and a half years after the Bank officially started selling its shares to the public after coming to terms with 10 commercial banks to create accounts in which investors would deposit the money they would like to invest.
These accounts opened by the bank that has collected over six billion Birr in paid-up capital so far are closed accounts.
Executives argue that they are not obliged to pay interest on closed accounts, while Amhara Bank argues that the interest should be paid.Read More
Aug 15, 2020 | 0
YeEthiopia Diaspora Bank S.C, a new bank under formation is preparing the join the ever growing banking industry in Ethiopia. The bank aims to collect over 6 billion birr as capital from both the Ethiopian and Diaspora communities.Read More
Apr 1, 2020 | 1
Amhara Bank S.C is a new bank under formation which has managed to collect more than 3.9 billion birr & 5 billion birr in paid-up and subscribed capital respectively as of Mar 2020. The minimum number of shares that can be purchased is 10 (10,000 birr minimum price) while the service charge is 5%. Amhara bank project office can be reached at +251 984 716 3..Read More
Amhara Bank collects over 4.6 bln and 6.3 bln birr paid up & subscribed capital from 150,000+ shareholders
Mar 15, 2020 | 0
Amhara Bank S.C, a new bank under formation, has managed to collect 4.6 billion birr paid up capital from more than 150,000 shareholders. This makes the bank the largest company in Ethiopia interms of number of shareholders. The new bank under formation also managed to collect 6.3 billion birr subscribed capital.Read More
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