Bunna Bank S.C.

Buna Bank S.C. is among the private banks in Ethiopia which has recently has joined the Banking business of Ethiopia following the ideal monetary improvements saw in the nation. The Bank has obtained its license from the National Bank of Ethiopia (NBE) on June 25, 2009, in accordance with Licensing & Supervision of Banking Business Proclamation No. 592/2008 and the 1960’s Commercial Code of Ethiopia with more than 451 Bunna Bank Brunches. The Bank officially commenced its operation on October 10, 2009 with subscribed & paid-up capital of Birr 308 million and Birr 156 million, respectively. However, the paid-up capital has increased to over Birr 2.1 Billion, and the number of shareholders has increased to over 13,024, which makes it one of the strongest and public based private Banks in Ethiopia.