Abay Bank – New Business Ethiopia

Ethiopia banks capital hikes 8%

January 10, 2019January 10, 2019 newbusinessethiopia

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year ended June 2018.

Banking in Ethiopia remains promising in the face of adversity

October 6, 2018October 12, 2018 newbusinessethiopia

The banking sector in Ethiopia remains promising through it has been changed by both infrastructure and stringent policies and regulations, says veteran banker.

WorldRemit set to boost Ethiopia’s remittance income

October 2, 2018October 3, 2018 newbusinessethiopia

WorldRemit, one of the fastest growing digital remittance transfer company in the world, is set to boost Ethiopia’s income from remittance by partnering with Abay Bank this morning.

Banking business in Ethiopia booming

January 8, 2010August 30, 2018 newbusin

Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.