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The Bank of Abyssinia (Amharic: አቢሲንያ ባንክ) is a commercial bank and the oldest bank in Ethiopia. It was established in 1905 and inaugurated by Emperor Menelik II on 16 February 1906, becoming the modern bank of Ethiopia. In 1915, the bank was the first to produce banknote with the help of British owned National Bank of Egypt ...
Commercial International Bank: 25.675 17 United Bank for Africa: 24.256 18 First Bank of Nigeria: 23.631 19 Commercial Bank of Ethiopia: 22.711 20 QNB Al Ahli: 19.515 21 Banque du Caire: 16.365 22 Arab African International Bank: 15.345 23 Mauritius Commercial Bank: 14.479 24 Guaranty Trust Bank: 14.401 25 Banque de l'Agriculture et du ...
The first bank Bank of Abyssinia was opened in 1905 after concession with the National Bank of Egypt. Modern banking institution in Ethiopia was first introduced by the reign of Emperor Menelik II in 1905, where the Bank of Abyssinia was formed by concession between British representative of the National Bank of Egypt. Since its formal ...
On 15 February 1906, marked the beginning of banking in Ethiopia when the first Bank of Abyssinia was inaugurated by Emperor Menelik II. It was a private bank whose shares were sold in Addis Ababa, New York, Paris, London, and Vienna. The bank opened numerous branches including ones in Harar (1906), Dire Dawa (1908), Gore (1912), and Dese (1920).
Awash International Bank; Bank of Abyssinia; Berhan International Bank; ... This is a list of investment banks and stockbrokerage firms in Kenya: [54] ABC Bank (Kenya)
It served both as Ethiopia's central bank, with the power to issue banknotes and coins as the agent of the Ministry of Finance, and as the principal commercial bank in the country. In 1945 the Ethiopian government granted the bank the sole right of issuing currency. The first governor of the bank was an American, George Blowers.
The largest bank in Ethiopia, the commercial bank's former headquarters in Addis Ababa, now serving as one of the other head offices. As of 2005 [update] , Ethiopia uses the ports of Djibouti , connected to Addis Ababa by the Addis Ababa – Djibouti Railway , and to a lesser extent Port Sudan in Sudan .