Banks profile

  1. Zemen Bank S.C. is all about giving customers choices and convenience. For us, banking is not limited to just branches and we see it as “something you do, not somewhere you go.” The Company abides strictly by the laws and regulations of the jurisdiction where it operates, and observes the guidelines and rules issued by regulatory authorities of the Federal Republic of Ethiopia. For the last Five consecutive years Zemen bank average annual profit is 29%-35%
  2. Abyssinia Bank S.C was established in 1996 and is one of the largest banks in Ethiopia. It has over 330,000 customers and more than 2,105 employees. Its network stretches across the country with 450 branches. The range of products that it offers includes current accounts, savings accounts, time deposits, term loans, and foreign exchange.For the last five consecutive years Abyssinia bank average annual profit is 25%-33%
  3. Nib International Bank S.Cwas established by 717 Shareholders on 26 May 1999 under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. 84/1994 with the paid up Capital of Birr 27.6 million and authorized capital of Birr 150 million. The Bank commenced the operation in 28 October 1999 by 27 employees. For the last five consecutive years Nib bank average annual profit is 25%-32%
  4. Awash International Bank S.C is a full-service bank in Ethiopia. According to its website, the bank has 187 branches and more than one million customers. Its deposits in 2013/14 exceeded 16 billion birr. Awash International Bank is one of the biggest and the first private commercial bank in Ethiopia banking history. For the last five consecutive years Awash bank average annual profit is 40%-45%
  5. Wegagen Bank S.C was established on June 11, 1997. It came into being thanks to 16 visionary founding members who recognized the critical role that financial institutions would play to create a sustainable economic development and raised an initial capital of Birr 30 million. As at June 30, 2016, the paid-up capital of the Bank reached Birr 1.8 billion. The number of Shareholders is now 2,349.For the last five consecutive years Wegagen bank average annual profit is 23%-30%
  6. United Bank S.Cwas incorporated as a Share Company on 10 September 1998 in accordance with the Commercial Code of Ethiopia of 1960 and the Licensing and Supervision of Banking Business Proclamation No. 84/1994. The Bank obtained a banking services license from the National Bank of Ethiopia and is registered with the Trade, Industry and Tourism Bureau of the Addis Ababa City Administration.For the last five consecutive years United bank average annual profit is 27%-35%
  7. Lion International Bank S.C., on October 2, 2006 in accordance with Proclamation No፡ 84/94 and Commercial Code of Ethiopia has marked a shift in ownership as the company based its roots in a larger number of shareholders than any other Bank has had during the time and has become a pioneer for the Banks that came later. The then 3,739 shareholders have subscribed a capital of Birr 432.5 million and have had an initial paid-up capital of Birr 108.2 million.For the last five consecutive years Lion bank average annual profit is 25%-30%
  1. Abay BankS.C has more than 3,600 shareholders overall the country, and the composition of the shareholders are the public mainly farmers, cooperatives, unions and businessmen. The paid-up capital of the Bank reached Birr 720 Million as of June 30, 2016 and its subscribed capital was around Birr 728 Million.For the last five consecutive years Abay bank average annual profit is 22%-25%
9.Nile Insurance Company (S.C) is one of the pioneer private insurers established on April, 1995 with a capital of birr 12.5 million. The company has a legal entity registered with the licensing and supervisory body of the National Bank of Ethiopia in accordance with proclamation No-86/1994 and license No- 006/95.For the last five consecutive years Nyala Insurance average annual profit is 29%-38%
  1. Cooperative Bank of Oromia(S.C.) is a full-fledged private commercial bank in Ethiopia. As of October 2016, the Bank has above 1,000,000 account holders, more than 200 branch network and has greater than 1,800 agents spread throughout the country. Cooperative Bank of Oromia has ETB 12.4 billion Asset, ETB 1.4 billion Capital and ETB 9.7 billion Deposits.For the last five consecutive years Cooperative bank of Oromia average annual profit is 25 %-29%
11.Oromia International Bank S.C. (OIB) was established in accordance with the pertinent laws, regulations and the 1960 Commercial Code of Ethiopia, by the Monetary and Banking Proclamation No. 83/1994 and by the Licensing and Supervision of Banking Proclamation No. 592/2008.For the last five consecutive years Abyssinia bank average annual profit is 27%-36%
12.Berhan International Bank S.C was formed in accordance with Article 304 of the Commercial Code of Ethiopia with the objective of operating in the banking industry. This objective has been ensured in Article 3 of the Memorandum of Association of the Company. The Bank was registered and licensed by the National Bank of Ethiopia on 27 June 2009 with an authorized capital of 300,000,000. For the last five consecutive years Abyssinia bank average annual profit is 22%-28%
  1. Bunna Bank S.C: Uniquely established as the largest number of shareholders’ bank in the country. It has more than 11,000 shareholders that put the bank on a strong base. It is just the bank of the people! Provides full-fledged, fast and efficient banking services powered by Infosys Finacle, Western Union, SWIFT, MoneyGram, Xpress Money, Dahabshill, FloCash, Juba Express, Trans Fast, Exchange for free, Remittals, I Cash and Al Ansari Exchange. For the last five consecutive years Birhan bank average annual profit is 20%-25%
14.Awash Insurance S.C is one of the first few pioneer private insurance companies in Ethiopia launched following the liberalization of the financial sector in 1994. Founded on a solid base and uniquely on cross-sectional composition, AIC is progressing in renewing its commitment to excellence.For the last five consecutive years Awash Insurance average annual profit is 30%-40%
  1. Berhan Insurance S.C. was established in October 30, 2010 with a paid up capital of Birr 9.7 Million, under proclamation No. 86/1994. Being initiated by Berhan International Bank S.C, the key founding shareholders of the Company were, four hundred fifty five in number, which comprises influential and well-known investors in the country.

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