BIB increases its Capital to 700 million Birr
Addis Ababa, Ethiopia - Berhan International Bank (BIB) has increased its authorised capital by 133pc to 700 million Br in...
Banking
AIB’s Adama branch to move in new building
Adama, Ethiopia - Awash International Bank (AIB) has given Adama town one of its tallest buildings, an eight-floor structure where...
United Bank to expand to Juba
Addis Ababa, Ethiopia - United Bank is set to open its first branch in Juba, the capital city of South Sudan,...
Enat proposes Brutawit Dawit for Bank President
Addis Ababa, Ethiopia - After months of a desperate headhunt in search of a female to assume the most senior...
AfDB to approve a $100 million loan for new power project in Ethiopia
Addis Ababa, Ethiopia - The African Development Bank (AfDB) is scheduled to approve USD 100 million loan for a new...
Zemen Bank Joins Visa Card Network, appoints Haile Gebrselassie as Ambassador
Addis Ababa, Ethiopia  - Zemen Bank has joined the pool of domestic banks, including Wegagen, Dashen, and the Commercial Bank...
Admassu Yilma Tadesse, new PTA Bank President
Nairobi, Kenya - The Board of Governors of PTA Bank, the Trade and Development Bank of the Common Market of...
Worku Lemma leaves OIB to be Founding President of Debub Global Bank
Addis Ababa, Ethiopia- The Central Bank has accepted the election of Worku Lemma, former Vice President of Oromia International Bank...
NBE orders Commercial Banks to buy saving bills, CBE & DBE exempted from directive
Addis Ababa - National Bank of Ethiopia (NBE) issued a new directive last week, ordering almost all commercial banks...