Company:Bunna International Bank
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Native name | ቡና ኢንተርናሽናል ባንክ |
|---|---|
| Type | Private |
| Industry | Financial services |
| Founded | 10 October 2009 |
| Headquarters | Bole Rwanda, Bole Road, , Ethiopia |
Area served | Ethiopia |
Key people | Mulugeta Alemayehu (CEO) |
| Products | Banking services |
| Revenue | 625 million birr (2019) |
| Total assets | 54.53 billion birr (2025) |
| Owner | Bunna International Bank S.C. |
Number of employees | 4,100 (2024) |
| Website | bunnabanksc |
Bunna International Bank (Amharic: ቡና ኢንተርናሽናል ባንክ) is an Ethiopian private commercial bank that was established in 2009. It was founded by over 10,000 shareholders and granted license from the National Bank of Ethiopia (NBE) on 25 June 2009.
History
Bunna International Bank was established on 10 October 2009 by over 10,000 shareholders with subscribed and paid-up capital of 308 million and 156 million birr.[1][2] On 25 June 2009, the bank obtained a license from the National Bank of Ethiopia (NBE).[3][4][5]
As of June 2019, Buna International Bank revenue grew to 625 million birr, 46% increase from the previous fiscal year.[6] In February 2025, the banks total assets reached to 54.53 billion birr and its deposits increased by 20% with 43.87 billion birr, which is praised by some analysis for market enlargement.[7] Ato Mulugeta Alemayehu has been the CEO of Buna International Bank after since 12 September 2018, after serving as vice-president of the Commercial Bank of Ethiopia (CBE).[8]
See also
- List of banks in Ethiopia
References
- ↑ "Bunna International Bank Partners With Finacle From Infosys". https://www.infosys.com/newsroom/press-releases/documents/2012/loan-origination-system.pdf.
- ↑ "Chapter One: 1.1 Background of Bunna International Bank | PDF" (in en). https://www.scribd.com/document/640259445/Law.
- ↑ "Bunna International Bank Partners With Finacle From Infosys for Banking Transformation" (in en-US). https://www.finacle.com/news-room/press-release/bunna-international-bank-partners-with-finacle-from-infosys-for-banking-transformation/.
- ↑ Fortune, (Addis). "Bunna Bank Introduces New Look" (in en-US). https://addisfortune.news/bunna-bank-introduces-new-look/.
- ↑ "allAfrica.com: Ethiopia: Bunna First Newcomer Bank to Show Profit in Years". 2011-01-20. https://allafrica.com/stories/201101180576.html.
- ↑ "[March 2025 Bunna Bank Profit Latest Ethiopian News"] (in en-US). https://addisbiz.com/tag/bunna-international-bank-profit/.
- ↑ Fortune, (Addis). "Bunna Bank's Asset Surge, Credit Jump Cloak Profit Squeeze During Inflation Strain" (in en-US). https://addisfortune.news/bunna-banks-asset-surge-credit-jump-cloak-profit-squeeze-during-inflation-strain/#:~:text=The%20Bank's%20total%20assets%20climbed,effectively%20expanding%20its%20market%20presence..
- ↑ Endeshaw, Dawit (2017-05-13). "Central Bank Approves Bunna's President" (in en-US). https://www.thereporterethiopia.com/1202/#:~:text=appointment%20of%20Tadesse%20Chinkel,%20as%20the%20president,International%20Bank%20SC%20effective%20May%2011,%202017..
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