Company profile

 
  

ESTABLISHMENT

The present-day Bank of Abyssinia was established on February 15, 1996 (90 years to the day after the first but defunct private bank was established in 1906 during Emperor Menelik II) in accordance with 1960 Ethiopian commercial code and the Licensing and Supervision of Banking Business Proclamation No. 84/1994.

BOA started its operation with an authorized and paid up capital of Birr 50 million, and Birr 17.8 million respectively, and with only 131 shareholders and 32 staff.

In two decades since its establishment Bank of Abyssinia has registered a significant growth in paid up capital and total asset. It also attracted many professional staff members, valuable shareholders and large customers from all walks of life. This performance indicates public confidence in the Bank and reliability and satisfaction in its services.

Currently, employing the state-of-art banking technology, the Bank provides excellence domestic, international and special banking services to its esteemed and valuable customers. It also strives to serve all economic and services sectors via its ever increasing branch networks through out the country.

 

THE DESCRIPTION OF THE LOGO

 

BoA’s corporate logo icon consists of a diamond shaped six petals yellow colored flower (endemic) called “adeyabeba”, surrounded by a square with black color in the background.

Logo 

The flower: the logo is taken from an endemic six petal flower, locally known as “adeyabeba”. Its botanic name is Bidensmacroptera (Sch.Bip.ex Chiov) Mesfin found in 1984. The type of the flower is located 38 km East of Robe town, in Bale. The color connotes hope and peace, signifying bright future for the BoA in a growing and peaceful economic environment.

 

 

VISION MISSION AND VALUE

 

 The following are brief statements on the Bank’s Vision, Mission and Values.

 

   Vision

To be the bank of choice for customers,employees and shareholdres.

   

   Mission

To provide customer-focused financial services through competent, motivated employees and modern technology in order to maximize value to all stakeholders.

 

 

Core Values

 

  • Putting customer first 
  • Committed to excellence
  • Being honest and accountable
  • Working together as a team
  • Caring for our community

 

 

ርዕይ

  • በደንበኞች፣ በሠራተኞች እና በባለአክሲዮኖች ተመራጭ ባንክ መሆን፡፡

ተልዕኮ

ብቃት ባላቸውና ለሥራ በተነሳሱ ሠራተኞች እንዲሁም በዘመናዊ ቴክኖሎጂ

  • በመታገዝ፤ ደንበኛ ተኮር የሆነ የፋይናንስ አገልግሎት በማቅረብ ባለድርሻ አካላትን ማርካት፡፡

 

ዐበይት እሤቶች

  • ለደንበኛ ቅድሚያ መስጠት
  • ለላቀ አገልግሎት መትጋት
  • ታማኝነትና ተጠያቂነት
  • የቡድን ሥራን ማበረታታት
  • ማኅበራዊ ግዴታን መወጣት


 

Since its establishment, guided with clear vision, mission and values, BOA has made great strides in business growth and development. Consequently upon this, as of June 30, 2017 the following have been registered.

ASSET

Authorized and paid up capital of Birr 4 billion and Birr 1.8 billion, respectively, a total deposit balance of Birr 20.7 Billion and a total loans and advances of Birr 14.11 billion, which in effect enhance the risk absorbing and the lending capacity of the Bank.

CUSTOMERS

BOA has more than 5,005 staffs and 750,000 account holders and works with known money transfer agents such as Western Union, Express Money, Ria International, Trans fast , Dahabshiil, MoneyGram,kaah and Ezremit.

ICT

Following a strong demand for better service and products from all directions on the one hand, and a ground-breaking development in ICT, on the other, BOA has replaced its in –house IT system with the state-of- the art technology called T24 and started ATM and POS services with Habesha card and mobile banking services .Internet and Agent banking service will be readily available within the near future.

SHAREHOLDERS

BOA has 2,171 shareholders who are successful businessmen, intellectuals, celebrities, etc.

BRANCH NETWORKS

 

Bank of Abyssina, which started banking services with only one branch in 1996, has 257 domestic branch networks, of which 121 branches are in Addis Ababa and the remaining 136 are established in bankable towns all over the country. Most branches work 10 hours a day 6 days a week (starting from 8.00 AM in the morning up to 12.00 PM),while some other work up to 7.00 PM in the evening. All City and Outlying branches are interconnected with state-of-the art ICT. All branches offer both domestic and international banking services.

Bank of Abyssinia still strives to identify bankable area every year and serve valuable customers by expanding its branch networks through out the country.

In this respect there are more branches on the pipe line to be opened in Addis Ababa and in region this fiscal year.


Money Transfer

  • dehabshil.jpg
  • ezremit.png
  • kaah.png
  • moneygram.png
  • ria-money-transfer-logo-300x193.jpg
  • transfast.png
  • westeren.png
  • xpress-money-send-now.jpg

Currency Rate Bank of Abyssinia

  Exchange Rate 

  Date Nov. 24, 2017

 

Currency Buying Selling
1 USD

27.1453

27.6882
1 EUR

32.1618

 32.8050
1 GBP 36.1223  36.8447
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