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Wegagen Bank is a bank in Ethiopia established in 1997. According to its website, the capital of the bank reached 1.8 billion Birr in 2016. Its deposits in 2013/14 exceeded 16 billion birr. Wegagen Bank is a medium sized bank with over 98 branches. Its headquarter, a modern building completed recently, is located at the central financial hub of Addis Ababa.It is one of 8 banks in Ethiopia that has launched an agent banking system

Established in 1963, the National Bank of Ethiopia (NBE) started its operations in 1964. The Ethiopian central bank issues banking licenses and supervises banks in Ethiopia; regulates the availability, supply, and cost of the country’s money and credit; oversees and administers its international reserves; and sets and controls its foreign exchange rates.

 

In 2017, banks in Ethiopia faced several challenges, including foreign exchange-related issues and local political unrest. Despite the problems, the domestic banking sector posted its highest growth rate in six years, along with accelerated branch expansions.

For anyone considering a banking career in Ethiopia, this list of banks in Ethiopia is a helpful guide on where to start. To learn more, see our list of financial institutions.

Zemen Bank

Established in 2006, Zemen Bank commenced its operations in 2008, with a focus on corporate, high net worth individuals, and institutional clients. Headquartered in Addis Ababa, the bank provides personal banking, corporate banking, international, and multi-channel banking services across the country.

Revenue: ETB 671.55 million (2017)

Net income: ETB 264.58 million (2017)

Total assets: ETB 9.67 billion (2017)

 

Wegagen Bank

Founded in 1997, Wegagen Bank is one of the banks in Ethiopia that offers a wide range of banking products and services, including deposit-taking, loan facilities, international banking services, local and international money transfer services, and specialized payment services.

The bank oversees 211 branches, with 83 are located in Addis Ababa and the remaining 128 found in regional cities and towns across the country. It employs around 3,700 individuals.

Revenue: ETB 1.7 billion (2017)

Net income: ETB 532.16 million (2017)

Total assets: ETB 20.95 billion (2017)

 

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Wegagen Bank is a bank in Ethiopia established in 1997. According to its website, the capital of the bank reached 1.8 billion Birr in 2016. Its deposits in 2013/14 exceeded 16 billion birr. Wegagen Bank is a medium sized bank with over 98 branches. Its headquarter, a modern building completed recently, is located at the central financial hub of Addis Ababa.It is one of 8 banks in Ethiopia that has launched an agent banking system

Established in 1963, the National Bank of Ethiopia (NBE) started its operations in 1964. The Ethiopian central bank issues banking licenses and supervises banks in Ethiopia; regulates the availability, supply, and cost of the country’s money and credit; oversees and administers its international reserves; and sets and controls its foreign exchange rates.

 

In 2017, banks in Ethiopia faced several challenges, including foreign exchange-related issues and local political unrest. Despite the problems, the domestic banking sector posted its highest growth rate in six years, along with accelerated branch expansions.

For anyone considering a banking career in Ethiopia, this list of banks in Ethiopia is a helpful guide on where to start. To learn more, see our list of financial institutions.

Zemen Bank

Established in 2006, Zemen Bank commenced its operations in 2008, with a focus on corporate, high net worth individuals, and institutional clients. Headquartered in Addis Ababa, the bank provides personal banking, corporate banking, international, and multi-channel banking services across the country.

Revenue: ETB 671.55 million (2017)

Net income: ETB 264.58 million (2017)

Total assets: ETB 9.67 billion (2017)

 

Wegagen Bank

Founded in 1997, Wegagen Bank is one of the banks in Ethiopia that offers a wide range of banking products and services, including deposit-taking, loan facilities, international banking services, local and international money transfer services, and specialized payment services.

The bank oversees 211 branches, with 83 are located in Addis Ababa and the remaining 128 found in regional cities and towns across the country. It employs around 3,700 individuals.

Revenue: ETB 1.7 billion (2017)

Net income: ETB 532.16 million (2017)

Total assets: ETB 20.95 billion (2017)

 

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