Company Profile of Banks
Company Profile of Banks
http://www.nbe.gov.et/financial/banks.html
Company Profile
Who We Are?
Awash Bank was established by 486 founding shareholders with a paid-up capital of Birr 24.2
million and started banking operations on February 13, 1995. Moreover, as of March 2016 the
number of shareholders and its paid-up capital increased to over 3,700 and Birr 2.2 billion
respectively. Share holders have decided to raise the authorized capital to Birr 6 billion and the paid-up
capital to Birr 3 billion within the next two years.
Awash Bank is a bank that has thrived over 22 years in a rapidly evolving market and economy. Having grown from humble
beginnings with visionary intent, we are the first private bank in Ethiopia to exceed a billion profit mark in the history of
Ethiopian Private banks in the financial year 2015/16.
Since inception, we have expanded through a combination of substantial organic growth and a
enhanced customer service excellence.
What We Do ?
We are a commercial bank that provides diverse range of financial products and services to a wholesale, retail and SME clients
base in Ethiopian Market and aspired to expand to East African Markets.
Awash Bank focuses on delivering distinctive profitable solutions for its clients in all core areas
of commercial banking.
Our strategic goals and objectives are based on the aspiration of:-
1. To be the core bank to our clients, deepening and broadening strategic relationship in the
market.
2. To be the number one bank for accessibility, innovative products and diversity of customer
focused banking services.
H Honesty- Absence of unethical practices: Including the must know someone syndrome
https://www.bloomberg.com/profiles/companies/7354271Z:US-dashen-bank-sc
Dashen bank sc
Private Company
Company Profile
Sector: Financials
Industry: Banking
Sub-Industry: Banks
Dashen Bank Sc was founded in 1995. The Company's line of business includes the operation of
commercial banks.
Corporate Information
Address:
Debrezeit Road
Addis Ababa
ETHIOPIA
Phone: 251-1650286
Fax: 251-1653037
http://www.bankofabyssinia.com/index.php/profile/company-profile.html
Company profile
ESTABLISHMENT
The present-day Bank of Abyssinia was established on February 15, 1996 (90 years to
the day after the first but defunct private bank was established in 1906 during Emperor
Menelik II) in accordance with 1960 Ethiopian commercial code and the Licensing and
Supervision of Banking Business Proclamation No. 84/1994.
BOA started its operation with an authorized and paid up capital of Birr 50 million, and
Birr 17.8 million respectively, and with only 131 shareholders and 32 staff.
In two decades since its establishment Bank of Abyssinia has registered a significant
growth in paid up capital and total asset. It also attracted many professional staff
members, valuable shareholders and large customers from all walks of life. This
performance indicates public confidence in the Bank and reliability and satisfaction in its
services.
Currently, employing the state-of-art banking technology, the Bank provides excellence
domestic, international and special banking services to its esteemed and valuable
customers. It also strives to serve all economic and services sectors via its ever
increasing branch networks through out the country.
The flower: the logo is taken from an endemic six petal flower, locally known as
adeyabeba. Its botanic name is Bidensmacroptera (Sch.Bip.ex Chiov) Mesfin found in
1984. The type of the flower is located 38 km East of Robe town, in Bale. The color
connotes hope and peace, signifying bright future for the BoA in a growing and peaceful
economic environment.
The following are brief statements on the Banks Vision, Mission and Values.
Vision
Mission
Since its establishment, guided with clear vision, mission and values, BOA has made great
strides in business growth and development. Consequently upon this, as of December 31,
2016 the following have been registered.
ASSET
Authorized and paid up capital of Birr 4 billion and Birr 1.37 billion, respectively, a total
deposit balance of Birr 16.95 Billion and a total loans and advances of Birr 11.09 billion,
which in effect enhance the risk absorbing and the lending capacity of the Bank.
CUSTOMERS
BOA has 4,235 staff and 661,971 account holders and works with known money transfer
agents such as Western Union, Express Money, Ria International, Trans fast , Dahabshiil,
MoneyGram,kaah and Ezremit.
ICT
Following a strong demand for better service and products from all directions on the one
hand, and a ground-breaking development in ICT, on the other, BOA has replaced its in
house IT system with the state-of- the art technology called T24 and started ATM and POS
services with Habesha card and mobile banking services .Internet and Agent banking
service will be readily available within the near future.
SHAREHOLDERS
BOA has 1,732 shareholders who are successful businessmen, intellectuals, celebrities, etc.
BRANCH NETWORKS
Bank of Abyssina, which started banking services with only one branch in 1996, has 232
domestic branch networks, of which 112 branches are in Addis Ababa and the remaining
120 are established in bankable towns all over the country. Most branches work 10 hours a
day 6 days a week (starting from 8.00 AM in the morning up to 12.00 AM),while some other
work up to 7.00 PM in the evening. All City and Outlying branches are interconnected with
state-of-the art ICT. All branches offer both domestic and international banking services.
Bank of Abyssinia still strives to identify bankable area every year and serve valuable
customers by expanding its branch networks through out the country.
In this respect there are more branches on the pipe line to be opened in Addis Ababa and in
region this fiscal year.
http://www.wegagenbanksc.com/index.php/pages/company-profile
Wegagen at a Glance
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Who We Are
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.
Vision
To be one of the ten most reputable and competent banks in Africa by the year 2025..
Mission Statement
Core Values
Honesty, Integrity and Loyalty: We are fair, transparent, and honest. By being sincere and
consistent in our behavior, we are accountable and transparent in our actions, thereby
delivering our promises.
Service Excellence: We strive for excellence and quality in everything we do. We are committed
to satisfy our customers by providing timely, responsive and proactive services.
Professionalism: Our customers will be served by competent and highly trained employees
providing professional, courteous and friendly service. We are hardworking, committed,
efficient and responsible.
Learning and Innovation: We encourage learning, initiatives and new ideas, recognize people
for their creativity, and challenge existing practices, as well as seek and identify improvements.
We enhance team sprit; share our expertise, ideas, information and knowledge to achieve our
common goals.
Employee Satisfaction: We consider our employees as valuable organizational resources
Respect and Dignity: We respect and value those we work with, and the contribution that they
make. We act fairly, ethically and openly in all we do.
Social Responsiveness: We do everything we can to contribute to the community we work in. As
a good corporate citizen, we actively participate in deserving social activities.
Good Corporate Governance: We comply with laws, rules, regulations of the country and
international laws.
Equal Employment Opportunity: We provide equal employment opportunity for all irrespective
of their origin, ethnicity, religion, disability, gender, etc.
Main Objectives
Major Services
Branch Network
Wegagen Bank has a network of 211 branches of which 83 are in Addis Ababa and the
remaining 128 are located in regional cities and towns of the country. To expand its service
coverage, the Bank keeps on opening additional branches both in Addis Ababa and regional
towns.
Corporate Governance
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=126889224
Company Overview
United Bank S.C. provides commercial banking products and services in Ethiopia. The company
offers interest banking, e-banking, broadband local money transfer, agent banking, and
international banking services. It also offers domestic banking services, such as loans, saving and
current accounts, fixed time accounts, and foreign currency deposits; and foreign banking
services, including correspondent banks and forex bureau. The company was incorporated in
1998 and is based in Addis Ababa, Ethiopia.
Kirkos sub-city
Sierra Leone St
Ethiopia
Founded in 1998
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