Global Bank Ethiopia S.C.

Dynamic Private Commercial Bank

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Global Bank Ethiopia S.C. (formerly known as Debub Global Bank S.C.) is a rapidly expanding private commercial bank in Ethiopia. Operating under the tagline “For Our Shared Success,” the bank focuses on technological sophistication, international banking expertise, and comprehensive financial inclusion to serve domestic and international clients.

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History & Foundation

• Foundation: The bank was established on August 28, 2012, originally operating under the name Debub Global Bank S.C. It launched operations with a subscribed capital of Birr 266.9 million and a paid-up capital of Birr 138.9 million, backed by an initial group of over 9,000 shareholders.
• Rebranding: In 2023, the institution officially rebranded to Global Bank Ethiopia. This move was designed to reflect a broader national and international ambition, accompanied by a visual overhaul and strategic repositioning to appeal to a wider customer base.
• Headquarters: The bank's head office is located at the National Tower on Ras Abebe Damtew St. in Kirkos Sub-city, Addis Ababa, Ethiopia.
• Leadership: Dr. Tesfaye Boru Lelissa has served as the Chief Executive Officer since mid-2019, steering the bank through its comprehensive rebranding and sustained digital transformation.

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Vision, Mission & Core Values

• Vision: “To be the first rated East African Bank through operational excellence by 2035”.
• Mission: To enhance stakeholders' value through excellent banking services using modern technology, competent leadership, and capable, disciplined, satisfied employees.
• Core Values: The bank is guided by principles that include being a trusted partner to customers, excelling in professionalism, fostering diversity and teamwork, pursuing continuous learning, caring for employees, acting with integrity, and giving back to the community.

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Current Scale & Reach

• Capitalization & Assets: Global Bank Ethiopia has demonstrated remarkable financial growth, successfully raising its paid-up capital to Birr 5 billion by FY 2024/25. This achievement met the National Bank of Ethiopia's minimum capital requirement ahead of the deadline. The bank's total assets have surged to over Birr 34.4 billion.
• Network & Customer Base: The bank boasts a robust nationwide presence, operating a network of over 237 branches across both the capital and regional cities, including previously underserved rural areas. It currently serves an expanding base of approximately 1.8 million customers.
• Financial Performance: Underpinned by an emphasis on digital innovation and operational efficiency, the bank recently registered significant profit surges, more than doubling its earnings per share during a single recent fiscal period.

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Products & Services

Global Bank Ethiopia offers a comprehensive portfolio of financial products tailored for individuals, businesses, and the diaspora community:

• Conventional Banking: The bank provides a full spectrum of deposit and credit facilities. This includes savings accounts with competitive returns, as well as diverse corporate and retail loans designed to bridge customer deposits with productive investments.
• Interest-Free Banking (IFB) – Global Noor: GBE operates a dedicated Sharia-compliant banking window branded as "Global Noor," offering specialized products like Murabahah financing. The bank has also successfully launched exclusive premium IFB branches to cater directly to these customers in a dedicated environment.
• Digital Banking: The bank heavily invests in modern digital infrastructure, offering mobile banking applications and digital finance solutions that allow for services such as mobile insurance purchases. It also integrates with national digital platforms like Fayda for identity services.
• International Trade Services: GBE facilitates global commerce by handling Import and Export Letters of Credit (LCs), ensuring payment security for both Ethiopian importers and international buyers.