Bank of Abyssinia at Glance
In an era where commercial banking services were in an inchoate stage and striding towards transforming different sectors of the economy, Bank of Abyssinia’s founders believed in the need for a bank that gives comprehensive commercial banking services. Thus, the Bank of Abyssinia (BoA) was open for business in 1996 with enthused initiation and determination.
The name Abyssinia resembles bravery and character which are the core attributes of BoA. Its identity is demarcated with a sense of hope, optimism, and belief as it is perfectly displayed in its logo, the Adey Abeba. Adey Abeba brings the promise of a new beginning. BoA brings that very sense to all the customers it engages with. Working with and through BoA brings sustained success with the help of a bank that is a symbol of determination and hard work.
Ownership
Bank of Abyssinia is a share company of private individuals who amass experience and success in different areas including business, entertainment and education. Such diverse ownership not only reflects the company’s determination and willingness to succeed in the sector it operates in, but also signify its ability to work together towards building a successful business venture and commercial bank service.
The Choice for All
BoA’s commitment to deliver quality commercial products along with first class customer service makes BoA the most suitable bank for all. Adopting its tagline in such manner reflects BoA’s deep association with the society. With more financial products and services BoA has demonstrated through the years that is a Bank for all and any kind of customer.
Excellence
We strive for excellence for all aspects of operations, strive to go past requirements and expectations, and provide exceptional services to customers. We inspire and motivate employees to continuously improve, always looking for better and faster ways of serving our customers.
Integrity and trust
We believe in maintaining the highest ethical standards while serving our customers, in being truthful in all interactions and maintaining high standards of conduct.
We uphold honesty, integrity, openness, and fairness when dealing with each other, customers, partners, and governments
Teamwork
We foster a collaborative environment where teamwork is encouraged.
Caring
We care about our communities, customers, employees, and environments. We aim to make a difference in the communities. We encourage employees to be sensitive to the needs of customers, colleagues, and communities and act with empathy and compassion.
Innovation
We foster creativity and ingenuity, encouraging employees in finding new solutions to problems. We push past the status quo with bold and progressive ideas and challenging deeply ingrained assumptions and traditional methods.
Strategic Partnership
Bank of Abyssinia, to build its brand traction and expand its customer base, has formed a strategic partnership with different international organizations based in Ethiopia.
Corporate Social Responsibility
As one of our core values, the Bank of Abyssinia promotes corporate social responsibility. It believes the well-being and improved living conditions of our community will benefit us all. As such, BoA participates in various national projects and other social and economic initiatives. These include the construction of the Ethiopian Grand Renaissance Dam, the establishment of the Ethiopian Cardiac Center, Ethiopia Rotary Club, and the establishment of Ethiopian Women Traders’ Associations.
Current Capital
Through its 928 branches in the country, BoA serves over 13 million customers. BoA’s well-structured financial service system is connected through the T-24 core banking system. This coupled with the 1429 ATM machines, 33 virtual banking centers, and more than 2994 POS placed in different locations to afford customers to access their accounts from anywhere at any time. BoA also increased its capital from ETB 50 million to ETB 20,419,148,035.
Total Asset
The total assets of Bank of Abyssinia have reached ETB 218,513,875,231.
Board of Directors
Mr. Mekonnen Manyazewal
Board Chairman
Qualification: BA degree with distinction in Business Administration
Primary Occupation: Freelance Advisory Service
Mr. Aemero Belete
D/ Board Chairman
Qualification: MBA in Financial Strategy , Bachelor of Arts (BA) Degree in Accounting & Authorized Accountant
Primary Occupation: Self Employed
Mr. Kassahun Zewudie
Board Director
Qualification: BA in Management
Primary Occupation: General Manager, New Sun Trading Plc.
Mrs. Emebet Woldeher
Board Director
Qualification: Bachelor of Arts in Foreign Languages & Literature (English), and Diploma in Commerce (In Accounting)
Primary Occupation: General Manager at Ghion Industrial Chemical sector PLC
Mr. Yerom Gessesse
Board Director
Qualification: Masters in Marketing Management
Primary Occupation: General Manager, Real way Trading PLC
Mr. Molalign Melese
Board Director
Qualification: LL.B Degree in Law, and BA Degree in Management & Public Administration (Management)
Primary Occupation: Advocate and Legal Consultant
Mr. Meseret Melese
Board Director
Qualification: Master of Business Administration (MBA), BA Degree in Management (with distinction), and Certificate in Commodity Marketing
Primary Occupation: Deputy Director at University of South Africa, Ethiopia Center for Graduate Studies, Addis Ababa
MR. Solomon Alula
Board Director
Qualification: MA in National Economy Planning
Primary Occupation: Pensioner
Dr. Yihenew Zewdie
Board Director
Qualification: PhD (Development Studies-Natural Resource Management)
Primary Occupation: Country Director Alliance for a Green Revolution for Africa (AGRA) (ILRI Campus)
Mr. Tewodros Tesfaye
Company Secretary
Board Sub-Committee Members
Audit Committee
Mr. Solomon Alula
Mr. Aemero Belete
Mr. Kassahun Zewudie
Risk, Comp, Mgt & Credit Review Committee
Mr. Molalign Melese
Mr. Mekonnen Manyazewal
Mr. Yerom Gessesse
Nomination and Remuneration Committee
Mr. Meseret Melese
Mr. Aemero Belete
Mrs. Emebet Woldeher
Dr. Yihenew Zewdie
Credit Committee
Dr. Yihenew Zewudie
Mr. Meseret Melese
Mr. Molalign Melese
Mr. Yerom Gesesse
The Management Team
Mr. Bekalu Zeleke
Chief Executive Officer
Mrs. Sosina Mengesha
Chief Digital Banking Officer
Mrs. Meseret Asfaw
Chief Enterprise Service Officer
Mr. Mohammed Nuredin
Chief International Banking Officer
Mr. Seifu Bogale
Chief Coroporate Human Resource Officer
Mr. Daniel Hailu
Chief Information Officer
Mr. Abreham Gebeyehu
A/Chief Finance Officer
Mr. Asaminew Deribew
Chief Credit Business Officer
Mr. Desalegn Yizengaw
A/Chief Customer Acquisition and Support
Mr. Abdulkadir Redwan
Chief IFB Officer
Mr. Wosenyeleh Aberra
Deputy Chief-Retail Business
Mr. Elias Kassa
Deputy Chief-Retail Operation
Mr. Biruk Walellegn
Executive Assistant to the CEO
Mr. Yetinayet Awgichew
A/ Chief Risk and Compliance Officer