A new bank, Amhara Bank S.C, has started selling shares. The whole process of establishing the...Read More
Banks in Ethiopia Latest News
Aug 10, 2019 | 0 |
Zad Bank Share Company, which is the third Islamic bank under formation, began selling shares to...Read More
Jul 15, 2019 | 0 |
While the previous budget year closed for most Ethiopian Banks, not all banks have disclosed their...Read More
Jul 15, 2019 | 0 |
Three private banks passed the 1 billion birr mark in gross profits for the first time namely...Read More
Jul 2, 2019 | 0 |
ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process.
The founders of the Bank, who lobbied for the establishment of a full-fledged interest-free bank in Ethiopia, have submitted a letter to the National Bank of Ethiopia to reinstate the formation process.Read More
Jun 4, 2019 | 0 |
Gedaa Bank, still under formation, has started selling shares after getting approval from the National Bank of Ethiopia (NBE).
Gedaa offered the shares for a public subscription three weeks ago and has sold 50 million Br worth of shares as of last weekend. Gedaa, which aims to raise half a billion Birr in the next six to nine months, has a subscription capital of two billion Birr.Read More
May 8, 2019 | 0 |
Abay Bank, one of the youngest banks, has joined the race to build the next large bank headquarters with an investment of 827 million Br, following the lead of a host of other private banks.
To be completed in the next four years, Abay’s headquarters will rest on a 1,600Sqm plot in Lideta District. The 26-storey building will have offices, a meeting facility and a parking space that can accommodate up to 150 cars at any given time.Read More
Dec 31, 2018 | 0 |
Lion (Anbessa) International Bank has earned 480.3 million birr in gross profits or 393.8 million...Read More
Dec 18, 2018 | 0 |
Nib International Bank has earned 678.75 million birr gross profit for the 2018 / 2017 fiscal year...Read More