About Amhara Bank

Who We Are

Genesis

The throng of shareholders makes Amhara Bank the most powerful and prominent bank in Ethiopia as it was established by more than 141 thousand subscribers with 4.8 billion paid up and 6.5 billion subscribed capital.

Amhara Bank officially commenced operations on 18th June 2022 after receiving business operation license from the National Bank of Ethiopia and the date was recorded momentous as many tremendous projects were kicked-off simultaneously including opening of 72 full-fledged branches – all connected through cutting edge core banking system, Interest Free Banking, ATMs, were few to mention.

The Bank is backed by a strong structure of leadership that assures its successful future having 12 members of board of directors who are highly regarded entrepreneurs and academicians and an agile team of management.

Amhara Bank now is rendering quality banking service through its 295+ branches, in-house developed high-tech mobile banking application and USSD based mobile banking. Moreover, the bank has created job opportunities for more than 5000 skilled and talented employees.

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Ownership

Amhara Bank is a share company with more than 191,000 shareholders contributing birr 5.8 billion in paid-up capital and birr 7.9 billion in signed capital. The bank’s ability to work together to develop a successful business venture and commercial bank service is reflected in its diversified ownership.

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Company History

Amhara Bank S.C Timeline

June 18, 2022Amhara Bank Commenced Operation
September 8, 2022Powered ‘Tana Cup’
December 29, 2022First General Assembly
March 18, 2023Marhaba Interest Free Banking Service
April 1, 2023Supported Humanitarian Organizations
June 22, 2023First Year Anniversary
October 23, 2023Amhara bank awarded PwC

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Vision

To be a leading and game changing Bank in Africa.

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Mission

To provide a wide-ranging, accessible, reliable and innovative financial and non-financial solutions through state-of-the-art technology by competent and ethical professionals in a socially responsible manner with a client-oriented culture.

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Core Values

The core values of Amhara Bank are fused as I CARE and defined in detail below.

I - Innovative and inclusive

We differentiate ourselves from the rest with our creative products and quality service. We are committed to offering smart products and services that will make our customer’s lives better. We are always on the lookout for better solutions that will meet the customer’s needs.

C - Community and Customer Focus

We relentlessly pursue customer excellence and consider our customers needs from their perspective and aim to exceed their expectations. We give back to the communities where we operate and are committed to making an impact in the communities where we live. We contribute to sustainable development by delivering economic, social, and environmental benefits. The Bank support progressive social change.

A - Accountability and Accessibility

We are committed to ensuring accountability and transparency in our activities through good governance practices to meet the demands of stakeholders’ interests.

R - Responsible and Respect

Amhara Bank is devoted to discharge its roles and responsibilities and respect with best efforts and capabilities through continually upgrading skills and knowledge, maintaining an effective system of communication and consultations, with a system of reward and recognition for outstanding performance. We demonstrate respect for the individual in dealing with customers, colleagues, and the larger community. We value trust and openness.

E - Efficiency and Effectiveness

We commit to what we can deliver, and we deliver on our commitments promptly. We find the simplest and most cost-effective way of performing tasks, every time and start with quality in mind to ensure superior execution. We strive to get it right, the first time and every time.

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Executive Managements

Chanyalew Demissie

A/Chief Executive Officer

Bizuayehu Siyoum

Chief Banking Business Officer
Chief Banking Operations Officer
Chief Corporate Services Officer

Befikadu Tchernet

D/Chief Digital Banking Officer

Hailu Moges

D/Chief People Officer

Endalish W/Michael

Chief Strategy & Innovation Officer
Chief Information Officer

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