Company:Addis International Bank
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Native name | አዲስ ኢንተርናሽናል ባንክ |
|---|---|
| Type | Private |
| Industry | Financial |
| Founded | 31 January 2011 |
| Headquarters | Jomo Kenyatta St, , Ethiopia |
Number of locations | 146 |
Area served | Ethiopia |
Key people | Hailu Alemu (President) |
| Services | Mobile banking Retail |
| 213.1 million birr (2020) | |
| Website | addisbankib |
Addis International Bank (Amharic: አዲስ ኢንተርናሽናል ባንክ; ADiB) is a private commercial bank in Ethiopia established in 2011 by various groups of shareholders, microfinance, Eder institution and other business enterprises and investors.[1]
History
Addis International Bank (ADiB) was founded on 31 January 2011 after obtaining license from the National Bank of Ethiopia (NBE) by various groups of shareholders, microfinance, Eder institution and other business enterprises and investors.[1] Started its operation on 30 May 2011, the bank was established by collected 109.4 million birr from 5,309 shareholders equity.[2][3][4]
As of 30 June 2020, Addis International Bank net profit was increased to 213.1 million birr and earnings per share to 225.1 birr.[5]
See also
- List of banks in Ethiopia
References
- ↑ 1.0 1.1 "Live Exchange Rates in Ethiopia | Updated Daily" (in en). https://exchange.addisfortune.news/bank/addis-international-bank-sc.
- ↑ Fortune, (Addis). "Addis Bank Leaps Forward in Assets and Deposits, Yet Grapples with Profitability and Digital Adoptation" (in en-US). https://addisfortune.news/addis-bank-leaps-forward-in-assets-and-deposits-yet-grapples-with-profitability-and-digital-adoptation/.
- ↑ Fortune, (Addis). "Addis Bank's High Hopes, Low Forex, and the Elusive Quest for Lofty Profit" (in en-US). https://addisfortune.news/addis-banks-high-hopes-low-forex-and-the-elusive-quest-for-lofty-profit/.
- ↑ Fortune, (Addis). "Change Name: National Bank Tells Bank Aspirant Addis Microfinance" (in en-US). https://addisfortune.news/change-name-national-bank-tells-bank-aspirant-addis-microfinance/.
- ↑ Fortune, (Addis). "Addis International Bank Marks Remarkable Year, Despite Dismal Market Realities" (in en-US). https://addisfortune.news/addis-international-bank-marks-remarkable-year-despite-dismal-market-realities/.
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