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This is a list of banks in Ethiopia, with summary data for the year 2023 (mostly June). [1] Bank Name Web Site Year Est. No of Branches SWIFT SHF Equity (ETB m)
The bank also operates two branches in South Sudan. It is contemplating re-opening a branch in Djibouti, and opening branches in Dubai and Washington, DC, all to serve the Ethiopian diaspora. The bank is pioneer to introduce modern banking to Ethiopia and credited for playing a catalytic role in the economic progress and development of the ...
The Commercial Bank of Ethiopia Headquarters is a skyscraper in Addis Ababa, Ethiopia that was completed on 13 February 2022 and became the tallest building in Ethiopia. It serves as the headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank. It also is the tallest building in all of East Africa.
Cooperative Bank of Oromia is a private commercial bank in Ethiopia. As per their last published Annual report (2021–22), the Cooperative Bank now has a total asset value ETB 140 Billion. [1] The bank has 750+ branches, 13.2 million account holders and 8,100 employees. [citation needed] The bank's headquarters is located in Addis Ababa ...
Enat Bank (Amharic: እናት ባንክ) is a private commercial bank in Ethiopia. Founded in 2008 by nine female business promotors, the bank envisaged to maximize and promote female capability in economic inclusion. The bank is composed of 7,000 shareholders who have interest for investing the bank and most of 60% composed of female.
[2] [3] In 1963, a new banking law allows split into the National and Commercial Bank of Ethiopia. The law included other commercial banks to operate, including foreign banks operated 51% owned by Ethiopians. The biggest of these was the Addis Ababa Bank, owned by 40% owned by British owned Grindlays Bank, and had 26 branches by 1975.
On 15 March 2024, the Commercial Bank of Ethiopia (CBE) encounter systemic glitch that occurred between 12 a.m. and 3 a.m in local time. CBE released five notes within less than 24 hours, describing the bank failure as a systemic problem in its branch level. [4] CBE President Abe Sano said that much of the money was withdrawn by students. [5]
Ecobank, whose official name is Ecobank Transnational Inc. (ETI), is a pan-African banking conglomerate, with banking operations in 33 African countries.It is the leading independent regional banking group in West Africa and Central Africa, serving wholesale and retail customers.