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About the Company: At the outset, Ethio-Life Insurance S.C. was founded by 117 shareholders with a clear vision of introducing and promoting Long-term insurance to the homes of millions. It obtained its license from the National Bank of Ethiopia and commenced operation in October 2008 to transact Long-term (life) insurance business. Ethio-Life continued to be the ONLY specialized company in the life insurance business in the Ethiopian insurance industry until August, 2012 In consideration of the immense potentials and viability of the general insurance business emanating from the rapid economic growth of the country, shareholders of Ethio-Life were determined to expand the service of the company by including Non-life (general) insurance products into its business portfolio. Accordingly, the company was registered as a composite insurer and started providing innovative life and Non-life insurance products since August 2012. Hence the name Ethio Life and General Insurance S.C emerged.
Nile Insurance Company (S.C) is one of the pioneer private insurers established in April 1995 with a capital of birr 12.5 Million. The Company has a legal entity registered with the licensing and supervisory body of the National Bank of Ethiopia in accordance with Proclamation No-86/1994 and licenses No- 006/95. Over the past years, the company has grown from Birr 12.5 million to 1 billion Birr capital, from 4 to 65 branches (including 3 contact offices) both in the capital and regional cities and has more than 100,000 customers across the country. The total asset of the company has reached Birr 3.6 Billion. This tremendous growth was largely driven by the active participation of its valuable Employees, Customers, Shareholders, and other Stakeholders. Nile provides general long-term and Takaful insurance services.
Nib Insurance Company (S.C.) is a Private Insurance Company which was established in May 2, 2002 by 658 Shareholders, a paid up million as a sister company to Nib International Bank. The Company which started its general insurance business operation on May 2, 2002 with only 4 branch offices in Addis Ababa becomes a composite insurer since September, 2007 and including the life Assurance Department at the Head Office, Nib Insurance Company S.Co is currently rendering its general insurance and life assurance services through its 48 branch offices and 4 contact office situated in different parts of the country in and outside of Addis Ababa.
The history of Commercial Bank of Ethiopia (CBE) dates back to the establishment of the State Bank of Ethiopia in 1942. CBE was legally established as a share company in 1963. Since then, it has been playing significant roles in the development of the country. Currently, CBE has more than 40+ million account holders in its more than 1940+ branches, and the number of Mobile and Internet Banking users also reached more than 6.6 million and 37k. Active ATM card holders reached more than 8.3 million and 17 million CBE Birr users.
As the leading and most dependable insurer of choice in Ethiopia, Awash Insurance has a longstanding legacy of exemplary service and innovation. It has been our privilege to serve numerous clients from every sector, from entrepreneurs and personal life clientele to the financial, trade, and corporate sectors. We pride ourselves in our ability to provide the solutions that best 'flow with you'.
Ahadu Bank is established by visionary entrepreneurs and professionals to provide a different model of banking centered on the philosophy of Inclusive Intermediation.
Tsehay Bank is a share company established on July 23, 2022, with a business license issued as per the banking business proclamation no 592/2008. It commenced operations with an authorized capital of Birr 2.8 Billion and a paid-up capital of Birr 734 Million. The Bank’s paid-up capital has reached Birr 1.16 Billion and raised its subscribed capital to Birr 5 Billion.