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Discover opportunities at Ethiopia's leading financial institutions
Omo Bank, a commercial bank in Ethiopia, was established in 1997, originating from the previous Omo Micro Finance Institution (S.C). It transitioned into a share company by registering with the National Bank of Ethiopia and Bureau of Trade and Industry of SNNPR, in accordance with the licensing and supervision of Micro Finance Institutions by Proclamation No 40/1996. Operations commenced in 1998 with services offered in four branches.
Berhan Bank S.C was formed in accordance with Article 304 of the Commercial Code of Ethiopia with the objective of operating in the banking industry. This objective has been ensured in Article 3 of the Memorandum of Association of the Company. The Bank was registered and licensed by the National Bank of Ethiopia on 27th June, 2009 with an authorized capital of Birr 300 million and subscribed capital of Birr 154.7 Million divided into shares of 1000 Birr par value each.
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.
NICE is the first wholly privately owned insurance company, established in post – 1994 Ethiopia, to engage in general insurance business. Its Head office is in Addis Ababa, Ethiopia, and operates through 43 Branch offices and 7 licensed Contact Offices located in Addis Ababa and different parts of the country. It started business transaction in October 1994.
Rammis Bank S.C., a fully-fledged interest-free bank in Ethiopia, was established on October 04, 2022, with a vision to become the hub of interest-free banking in East Africa. Rammis Bank S.C., named after the Rammis River in eastern Ethiopia, is well-positioned to drive sustainable economic growth in the country. The bank’s subscribed capital of Birr 2.4 billion and paid-up capital of Birr 747 million, funded by over 8,200 shareholders, provides a strong foundation for the bank to cater to the financial needs of marginalized segments of society who may have been excluded due to religious beliefs or other factors. With a strong shareholder base, a dedicated board and management team, and a skilled workforce, the bank is well-equipped to meet the needs of its customers. Rammis Bank focuses on Sharia’h compliance, cutting-edge technology, and exceptional customer service, and is currently expanding its branch network in the capital city and other regions through the implementation of innovative digital solutions. These efforts will allow the bank to offer an increasing range of sharia’a-compliant and inclusive financial products and services, further solidifying its position as a leading financial institution in the country.
Nib International Bank (NIB) was established on 26 May 1999 under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. 84/1994 with the paid up Capital of birr 27.6 million and authorized capital of Birr 150 million by 717 Shareholders. The Bank commenced its operation in 28 October 1999 by 27 employees. It joined the banking industry as the sixth private bank licensed in the country. Other than rendering fulfilled Domestic and International Banking services, the Bank implemented Mobile and Internet Banking through which it issues NIB cards. The Bank has placed its ATM’s at various locations throughout the Country to provide its diversified products in convenient ways to esteemed customers. Moreover, to enhance the application of modern banking technologies and provide competitive service via a wide range of card banking services, the Bank has established a strategic partnership with MasterCard, VISA and Union Pay branded cards which is one of the breakthroughs to provide international payment service. With a view to introduce new types of products, other than the previous innovative products and services, Nib Mar Saving, NIB Social Saving, NIB Donation Saving and NIB Entrepreneur’s Saving were developed. In addition, the Bank is working with Tele Birr and E-birr (Product name – NIB E-birr) to be a better competitor in this digital world of banking.
Tsehay Insurance S.C. (TISc) was established by 105 Shareholders on 28th of March 2012. The shareholders are prominent Individuals and Business Organizations. The company is registered by the National Bank of Ethiopia under proclamation No.86/1994 and license No.017/12. To get public trust at the initial stage, TISc commenced its operation with a subscribed capital of birr 45 million and paid up capital of Birr 11,480,000, which was then by far higher than the minimum limit of Birr 3 million, having three branches in the city of Addis Ababa
Bunna Insurance S.C. was established on the 25th of May 2013 under license number 019/13 and started providing General Insurance Service to the Public since August, 2013. September 21, 2021 the company has started providing long-term insurance service. Bunna has accounted ten years operational period. Within this short period, commendable success has been achieved in the capital increase and growth of premium income. The initial paid-up capital of the company was Birr 6,715,000 and to make the Company competent in the sector, to build its reliability among Customers and to comply the capital requirement as per Directive No S/B/34/2014 of the National Bank of Ethiopia, currently, the Paid up Capital of the Company is over Birr 200 million. And branch net work reaches 35 both in Addis Ababa and regional cities. It has more than 50,000 customer base across the country. The Amharic word “Bunna” refers “Coffee” in English. Ethiopia is the birthplace of Coffee. Coffee is the backbone of the economy and has social and cultural significance in Ethiopia. In all directions (East, West, South and North) of the Country, regardless of social status and religion, Coffee is drinking with ritualized ceremony. An invitation to attend a coffee ceremony is considered a mark of friendship or respect and is an excellent example of Ethiopian Hospitality.
The United Insurance Company SC, better known as, UNIC-ETHIOPIA was established by 87 Ethiopians (individuals and enterprises) in November 1994 with an authorized capital of Br 25 million and an initial paid up capital of Br 8.073 million. It received its license and started writing Non-Life Insurance Business from just one office location at Meskel Square on 10 November 1994. Female bodybuilding before and after, moobs like jaggerreal steroids sites cnsj: | legal steroids for bodybuilding, legal steroids reviews dbol In 1997 it also became the first private-sector insurance Company to start underwriting Life insurance. In this connection,¸<UNIC-ETHIOPIA> also became the first Company to introduce With Profits Individual Life Policy.
Lion Insurance Company (S.C) liable to its policyholders by transferring risk from an individual and business to the company. The Company was established in June 2007 by over 300 shareholders and has a broad public base. The company was registered at an ever higher initial paid-up capital of Birr 16 million and a subscribed capital of Birr 66.4 million which was one of the highest capitalized companies in the private insurance sector at formation. Lion Insurance Company (S.C) provides Non Life (General) Insurance and Life Assurance service to the Public.
Microfinance Industry has only a history of over three decades in the globe but has registered a rampant expansion and now become an important global agenda. The target customer group of micro finance industry is the low level income majority. The industry intended to catch and address the financial problems of the low level income group who has the capacity to make business without totally compromising the profitability and sustainability to the industry itself. There is still a considerable size of the active poor at the lower and middle segments of the economy both in rural and urban areas which are not fully addressed with need-based financial services. Particularly, those economically active micro, small and medium scale businesses with a potential towards contributing value addition, job creation and income generation throughout the country. Yegna Microfinance Institution S.C was founded to contribute to the country’s economic growth by offering professional and high-quality financial service to individuals who require it; to contribute value in the form of wealth creation and profit. Yegna Microfinance Institution S.C is a Financial Institution licensed by the National Bank of Ethiopia (NBE) Directive number 629/2009 and Amendment Directive number 1164/2019 and registered by Ministry of Trade & Industry Principal Registration. Most of the shareholders are individuals, young, educated, experienced, committed and entrepreneurs who can successfully achieve their objectives and make a difference in their economic and social endeavors. Yegna Microfinance Institution S.C was established with birr 40 million paid up capital by energetic founding members. Our company works with different stakeholders; the main ones are: governmental and non-governmental organizations, National Bank Ethiopia, Development Bank of Ethiopia, Association of Ethiopian Micro Finance Institutions, Commercial Banks (Government & Private), NGO’s, Marcon Car Importer.
At Global Bank Ethiopia, we believe in bringing innovative ways that create accessibility of our service and quality customer service that helps aid our customers towards true success. We stand beside the hardworking members of the community, functioning as trustworthy partners in their journey toward success. Having good customer service means we can find the intended service at the right time. Our services are provided by a knowledgeable and professional workforce with up-to-date strategies that satisfy our customers’ needs. We are the partners of our customers, helping them realize their true potential to achieve their goals. We feel the desire to achieve remarkable heights and stand with them through their journey, providing a trustworthy and reliable service