Amhara Bank (Amharic: አማራ ባንክ) is a private commercial bank in Ethiopia. Established on 18 June 2022, the bank has the largest shareholder base in Ethiopia's private bank history, with over 165,000 share holders and over 73 branches across Ethiopia.[3]
 | |
Native name | አማራ ባንክ |
|---|---|
| Company type | Private |
| Industry | Financial |
| Founded | 18 June 2022 |
| Headquarters | Ras Mekonnen Ave, Leghar Headquarter, Addis Ababa , Ethiopia |
Number of locations | 73 (2023) |
Area served | Ethiopia |
Key people | Melaku Fanta (Chairman) |
| 1.8 billion birr[1] (2022/23) | |
| Total assets | 7.1 billion birr (2022) |
| Owner | Amhara Bank S.C |
Number of employees | 4,500[2] (2023) |
| Website | www |
Melaku Fanta is the current chairman of the Board of the Amhara Bank since 2022.[4]
History
editAmhara Bank was inaugurated on 18 June 2022 at the Legahar Headquarter in Addis Ababa.[5][6] It is private bank with the largest number of shareholders in the history of private banks in the country, according to the Amhara Media Corporation (AMC) report. As of January 2023, the bank had over 16,5000 share holders and over 73 branches across Ethiopia. Amhara had over 6.516 billion birr starting capital for its signature and 4.83 billion birr that are paid.[3]
Its capital, which was over 6.5 billion birr, moved from 180,000 subscribers, becoming the largest shareholder base in the Ethiopia's banking industry.[7] Melaku Fanta is a chairman of the Board of the Amhara Bank.[8][4]
See also
editReferences
edit- ^ "Ballooning Expenditures Lead Amhara Bank To 460mln Loss". The Reporter (Ethiopia). Retrieved 24 August 2024.
- ^ "Milestone with 6b Br Paid-up Capital". Addis Fortune.
- ^ a b Account (2022-06-19). "Amhara Bank - the latest in Ethiopia's financial market - inaugurated". Borkena Ethiopian News. Retrieved 2024-08-24.
- ^ a b Insight, Addis (2022-06-13). "Amhara Bank to start operation on July 7 with 70 branches". Addis Insight. Retrieved 2024-08-24.
- ^ "Amhara bank to commence operations on June 18, 2022 (ሰኔ 11፤2014)". AddisBiz.com. 2022-06-13. Retrieved 2024-08-24.
- ^ Insight, Addis (2022-06-18). "Amhara Bank SC Open for Business With 72 Branches". Addis Insight. Retrieved 2024-08-24.
- ^ Fortune, (Addis). "AMHARA BANK IN FULL SWING". Retrieved 2024-08-24.
- ^ Account (2023-12-09). "Board of Directors of Amhara Bank fires CEO, Corporate Services Head on "poor performance"". Borkena Ethiopian News. Retrieved 2024-08-24.