Company:Abay Bank
From HandWiki
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Native name | አባይ ባንክ |
|---|---|
| Type | Privately held company |
| Industry | Financial services |
| Founded | 14 July 2010 |
| Headquarters | Jomo Kenyatta St, , Ethiopia |
Number of locations | 528 (2024) |
Area served | Ethiopia |
Key people | Yehuala Gessesse (CEO) |
| Services | Banking services |
| Revenue | 8.4 billion birr (2024) |
| 6.13 billion birr[1] (2022/23) | |
| Website | www |
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
- ↑ "Abay Bank's revenue soars". 22 December 2024. https://addisfortune.news/abay-banks-revenue-soars-profit-margins-feel-the-squeeze-in-costly-growth-push/#:~:text=In%20the%202022/23%20operational,underutilised%20due%20to%20ongoing%20conflicts..
- ↑ "Ethiopian-Abay Bank Partnership Expands Air Ticket Payment Options" (in en). https://corporate.ethiopianairlines.com/Press-release-open-page/ethiopian-abay-bank-partnership-expands-air-ticket-payment-options.
- ↑ "Gech internship report". https://www.coursehero.com/file/242951786/Gech-internship-reportdocx/.
- ↑ "ICT uptake: Ethiopia's Abay Bank shows the way to indigenous African start-ups" (in en-US). https://annualmeetingsdaily.com/ict-uptake-ethiopias-abay-bank-shows-the-way-to-indigenous-african-start-ups/ict-uptake-ethiopias-abay-bank-shows-the-way-to-indigenous-african-start-ups.
- ↑ "Ethiopia: Abay Bank Maximizes Profits" (in en). AllAfrica.com. https://allafrica.com/stories/201503100621.html.
- ↑ "Abay Bank Joins HQs Building Race". https://addisfortune.news/abay-bank-joins-hqs-building-race/.
- ↑ "Abay Bank to build 26 storey HQ in Lideta District, Addis Ababa" (in en-US). 2019-05-08. https://addisbiz.com/business-news/1354-abay-bank-to-build-26-storey-hq-in-lideta-district-addis-ababa/.
- ↑ "Abay Bank Coming Up to Contend". https://addisfortune.news/abay-bank-coming-up-to-contend/.
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