Company:Abay Bank

From HandWiki
Native name
አባይ ባንክ
TypePrivately held company
IndustryFinancial services
Founded14 July 2010; 15 years ago (2010-07-14)
HeadquartersJomo Kenyatta St, ,
Ethiopia
Number of locations
528 (2024)
Area served
Ethiopia
Key people
Yehuala Gessesse (CEO)
ServicesBanking services
Revenue8.4 billion birr (2024)
6.13 billion birr[1] (2022/23)
Websitewww.abaybanksc.com


History

Abay Bank was established on 14 July 2010 and began full operation on 3 November 2010.[2][3][4] It is named after Blue Nile River in western Ethiopia. With initial capital of 174.5 million birr and a paid-up capital of 125.8 million birr, it was invested by 4,100 shareholders. Abay Bank office is located in Jomo Kenyatta St, in Addis Ababa, expanding its offices with 500 branches and 7 district offices.[5]

In May 2019, Abay Bank build its 1,600 square kilometers headquarter in Lideta district, with 827 million birr.[6][7] In November 2022, the bank reported registered 1.3 billion birr profit, increased up to 13% growth.[8]

See also

  • List of banks in Ethiopia

References