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Cooperative Bank of Oromia is a private commercial bank in Ethiopia. As per their last published Annual report (2021–22), the Cooperative Bank now has a total asset value ETB 140 Billion. [1] The bank has 750+ branches, 13.2 million account holders and 8,100 employees. [citation needed] The bank's headquarters is located in Addis Ababa ...
15 March – The Commercial Bank of Ethiopia (CBE) encounters a systematic glitch on its service involving the withdrawal of more than 40 million dollars. CBE officials suspect that the glitch was caused by economic and political reasons [ 5 ] and the money was easily transferred to students in Dilla and Jimma University .
Zemen Bank was established on 2 October 2008 "licensing and supervision of banking business proclamation No. 84/1994" of Ethiopia. It is private bank with commercial type. [ 1 ] [ 2 ] In 2023/2024 fiscal year, its total revenue has reached about 7.8 billion birr (101% of annual report).
Awash Bank (Amharic: አዋሽ ባንክ) is a commercial bank in Ethiopia that was established in 1994 by 486 founding shareholders with a paid-up capital of birr 24.2 million and started banking operations on 13 February 1995. As of end of June 2020 the number of shareholders and its paid-up capital increased to over 4,369 and Birr 5.87 ...
[2] [3] In 1963, a new banking law allows split into the National and Commercial Bank of Ethiopia. The law included other commercial banks to operate, including foreign banks operated 51% owned by Ethiopians. The biggest of these was the Addis Ababa Bank, owned by 40% owned by British owned Grindlays Bank, and had 26 branches by 1975.
At some point after the creation of the State Bank of Ethiopia it reopened the transit office, which in time became a branch. CBE in 1969. In 1963, the Ethiopian government split the State Bank of Ethiopia into two banks, the National Bank of Ethiopia (the central bank), and the Commercial Bank of Ethiopia (CBE). [8]
Enat Bank (Amharic: እናት ባንክ) is a private commercial bank in Ethiopia. Founded in 2008 by nine female business promotors, the bank envisaged to maximize and promote female capability in economic inclusion. The bank is composed of 7,000 shareholders who have interest for investing the bank and most of 60% composed of female.