Browsing: Bank

Commercial Bank of Ethiopia Launches Innovative Remittance Platform

January 31, 20231 Min Read

Addis Ababa, Ethiopia (30 January 2023) The Commercial Bank of Ethiopia has unveiled a digital remittance platform, EthioDirect, aimed at…...

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Bank

Permit Problems: Apollo Digital Banking Launch Delayed by Central Bank

January 25, 20232 Mins Read

The Bank of Abyssinia’s (BoA) much-anticipated launch of its revolutionary digital banking service, “Apollo,” was abruptly halted by regulators at…...

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Bank

Apollo: The Revolutionary Mobile Banking App from Abyssinia Bank

January 20, 20232 Mins Read

The Apollo mobile banking app, recently launched by Abyssinia Bank, represents a revolutionary development in the Ethiopian banking industry. As…...

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Bank

Amhara Bank to Raise its Capital to 20 Billion Birr in Three Years’ Time

January 3, 20232 Mins Read

Amhara Bank, the new heavyweight contender in Ethiopia’s expanding banking industry, has recently accepted and approved a proposal from its…...

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Bank

Gadaa Bank Officially Commences Operation on December 24

January 2, 20231 Min Read

Gadaa Bank Share Company officially opened its doors to customers on December 24, 2022, in accordance with the National Bank…...

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Bank

Profit at Dashen Bank Grew by 57% to Reach ETB3.8 Billion in FY2021-22

October 29, 20222 Mins Read

Addis Ababa, Ethiopia (28 October 2022) At its 27th ordinary and 24th extraordinary general meeting of shareholders, Dashen Bank revealed…...

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Bank

Two Ethiopian Banks Rank Among the Top 100 African Banks in 2022

October 3, 20222 Mins Read

According to a report by African Business (AB), two Ethiopian banks rank among 2022’s top 100 banks in Africa. The…...

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Bank

Snippet: Ownership Stake of Foreigners in Ethiopia’s Banking Sector

October 1, 20221 Min Read

Following the recent proclamation to liberalize the banking sector, foreign banks can still only acquire up to 30% of domestic…...

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Bank

Amole Lite: Dashen’s New and Improved Banking App

October 1, 20221 Min Read

Dashen Bank has just launched Amole Lite, a new and simplified version of their signature banking app powered by CR2’s…...

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Bank

Breaking: Tsedey Bank Opens 148 Branches at its Official Inauguration

September 24, 20221 Min Read

Addis Ababa, Ethiopia (24 September 2022) Previously known as Amhara Credit and Savings Institution (ACSI), Tseday bank has officially started…...

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