Dashen Bank Share Company
Private Bank
Dashen Bank Share Company is the oldest and second-largest privately owned bank in Ethiopia. Named after Ras Dashen, the highest mountain peak in Ethiopia, the institution aspires to deliver unparalleled banking services. It operates as a universal bank, focusing on corporate, SME, and retail banking to serve millions of customers across the nation.
History & Foundation
The bank was established to pioneer modern private banking in the region, operating with a strong foundational footprint:
- Foundation: Dashen Bank was incorporated on September 20, 1995, founded by eleven visionary businessmen and veteran bankers.
- Initial Capital & Operations: The bank officially commenced its operations on January 1, 1996, starting with 11 branches and an initial paid-up capital of ETB 14.9 million.
- Headquarters: The bank's headquarters is located on Sudan Street in Addis Ababa, Ethiopia.
Vision & Mission
- Vision: Dashen Bank aspires to be the "Best in class Bank in Africa".
- Mission: To provide customer-centric banking service using the expertise of inspired professionals and cutting-edge technology, while creating sustainable value for its stakeholders.
Current Scale & Reach
Since its inception, Dashen Bank has grown on a tremendous scale to become a dominant player in the Ethiopian financial sector:
- Paid-Up Capital: As of recent financial reports, the bank's paid-up capital reached over ETB 14.3 billion.
- Branch Network: The bank has expanded rapidly, operating a vast network of over 800 branches throughout the country.
- Customer Base & Workforce: It serves a massive customer base of over 7.8 million individuals and businesses, supported by a workforce of more than 10,000 staff members.
- Total Assets: The bank's total assets have been reported to exceed ETB 254 billion.
- Global Connectivity: Dashen Bank maintains strong correspondent banking relationships with over 460 banks across 70 countries and 170 cities worldwide, ensuring robust international connectivity.
Products & Services
The bank provides a diverse range of financial products structured across four primary business segments: Retail, Corporate, MSME, and Interest-Free Banking (IFB).
- Digital & Payment Channels: Dashen Bank is a technological leader, providing a vast network of over 350 ATMs and more than 1,000 Point-of-Sale (POS) terminals. It operates advanced digital platforms like the Dashen Bank SuperApp. It also partners with major global electronic payment networks including American Express (AMEX), Visa, Mastercard, and UnionPay.
- Credit & Financing: The bank offers various loan products, including working capital loans, overdraft facilities, merchandise loans, and investment/project loans.
- Sharik (Interest-Free Banking): Under the "Sharik" umbrella, the bank provides Sharia-compliant products based on Islamic finance principles, including Murabaha financing and Mudarabah fixed deposits.
- Remittances: It collaborates with leading international money transfer operators such as Western Union, MoneyGram, WorldRemit, and Ria to enable convenient cross-border remittance services.
Open Positions at Dashen Bank SC