Awash International Bank S.C. is a full-service bank in Ethiopia. According to its website, the bank has 400 branches and more than two million customers. Its deposits in 2017/18 exceeded 42 billion birr. Awash International Bank is one of the biggest and the first private commercial bank in Ethiopia banking history.

What is the history of Awash Bank?

Awash Bank was established by 486 founding shareholders with a paid-up capital of Birr 24.2 million and started banking operations on Feb. 13, 1995. As of end of June 2020 the number of shareholders and its paid-up capital increased to over 4369 and Birr 5.87 billion, respectively.

When did awash bank start?

The bank was founded by 486 founding shareholders in 1994. It started banking operations on 13 February 1995. By the end of June 2013, the number of shareholders had risen to 3,122 and its paid-up capital to 1.1bn birr ($58m).

What are the mission and vision of Awash Bank?

“To provide efficient, competitive, diversified and profitable banking services to a continuously growing number of customers in a socially responsible manner supported by appropriate modern banking technology as well as qualified, trained and motivated team of management and employees imbued with highly professional ...

What is the motto of Awash Bank?

To be the number one bank for accessibility, innovative products and diversity of customer focused banking services.

Irreechaa

What are the 4 types of banks?

• Commercial Banks. Such banks operate under the Banking Companies Act of 1956. ...
• Regional Rural Banks. Operating under the Regional Rural Bank Act of 1976, these banks started in 1975. ...
• Local Area Banks. ...
• Specialized Banks. ...
• Small Finance Banks. ...
• Payments Banks.

Who is the first private bank in Ethiopia?

The first privately owned bank, Addis Ababa Bank share company, was established on Ethiopians initiative and started operation in 1964 with a capital of 2 million in association with National and Grindlay Bank, London which had 40 percent of the total share.

Who is the leading private bank in Ethiopia?

Dashen Bank

It is the largest private bank in Ethiopia. Headquartered in Addis Ababa, the bank operates through a network of more than 400+ branches, ten dedicated Forex Bureaus, 350+ ATMs, and 850 plus Point-of-Sale (POS) terminals spread across the country.

What is the strength of Awash Bank?

Awash Bank has now become the largest employer with over 10,000 staff strength.

What is M wallet awash bank?

Awash Mobile Wallet is a mobile banking services provided by Awash Bank. It is a very simple and convenient to use mobile banking system. Holder of any mobile device can use the service without internet connection but availability of a mobile network is required.

What is the difference between bank and banking?

What is the difference between Bank and Banking? – Bank is a tangible object, while banking is a service. – Bank refers to the physical resources like building, staffs, furniture, etc, while banking is the output (financial services) of the bank by utilizing those resources.

What are the function of Awash Bank?

We are a private commercial bank providing diverse range of financial products and services to a wholesale, retail and SME clients in Ethiopian Market and envisages to expand to East African Markets. AB focuses on delivering distinctive solutions to its clients in all core areas of commercial banking.

Which bank pays highest salary in Ethiopia?

Abyssinia Bank to Pay 100,000Br President Salary. The Bank of Abyssinia has claimed the top spot as the Ethiopian bank paying the most to its senior management, though the salary increment for its mid-level staff is rather less flamboyant.

Which Ethiopian bank is best?

• Bunna International Bank 2017/2018 Fiscal Year. ...
• Abay Bank 2017/2018 Fiscal Year. ...
• Berhan Bank 2017/2018 Fiscal Year. ...
• Zemen Bank 2017/2018 Fiscal Year. ...
• Enat Bank 2017/2018 Fiscal Year. ...
• Addis International Bank 2017/2018 Fiscal Year. ...
• Debub Global Bank 2017/2018 Fiscal Year.

Which bank is more profitable in Ethiopia?

ADDIS ABABA – Awash Bank has continued to hold the top spot as the most profitable private bank in Ethiopia after registering a record high gross profit during the 2020/21 fiscal year.

What is the first private bank?

The IndusInd Bank was the first private bank in India set up in Mumbai on April 1994.

How many banks are there in 2021 in Ethiopia?

Out of the 17 banks in the country, more than half of them were established in the last 10 years. Here are the recently established banks along with their full information of benefits, interest rate, and many more.

Who is president of Abyssinia bank?

Mulugeta Asmare - President - Bank of Abyssinia | LinkedIn.

What are the 5 most important banking services?

• Checking accounts.
• Savings accounts.
• Debit & credit cards.
• Insurance*
• Wealth management.

Which is not a type of bank?

A payday lender is not a bank. Short-term borrowing is characterized by a high interest rate where the lender provides loans to the borrower. It helps to cover immediate cash needs until we get our paycheck. These loans are called cash advance loans.

How do you choose a bank that is right for you?

1. Identify your ideal type of account. ...
2. Look for banks that charge low or no fees. ...
3. Consider the convenience of a bank branch. ...
4. Take a look at credit unions. ...
5. Find a bank that fits your lifestyle. ...
6. Examine digital features. ...
7. Understand the terms and conditions. ...
8. Read reviews for banks you're considering.