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Addis Ababa Bank was an affiliate that National and Grindlays Bank had established in 1963 and of which it owned 40%. At the time of nationalization, Addis Ababa Bank had 26 branches. The merger of Addis Ababa Bank with CBE made CBE the sole commercial bank in Ethiopia, with 128 branches and 3,633 employees. [6]
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 ...
[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.
European Central Bank through European Banking Supervision ; Bank of Estonia ; Financial Supervisory Authority (Finantsinspektsioon) Eswatini: Central Bank of Eswatini ; Financial Services Regulatory Authority (FSRA) Ethiopia: National Bank of Ethiopia: European Union (see also individual member states)
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 4369 and Birr 5.87 ...
The Development Bank of Ethiopia (DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia. The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: "(a) assist in the development of industrial ...
The National Bank of Ethiopia (NBE; Amharic: የኢትዮጵያ ብሔራዊ ባንክ) is the central bank of Ethiopia. Its headquarters are in the capital city of Addis Ababa. Mamo Mihretu is the current governor of the bank. [2] The bank is active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion ...