Established in November 1996 by sixteen visionary founding members, Wegagen Bank S.C. was formed out of a deep understanding of the pivotal role financial institutions play in fostering sustained economic development.
The Bank commenced operations on June 11, 1997, from its initial head office in Gofa Sefer, Addis Ababa, with a paid-in capital of Birr 30 million. In October 2017, Wegagen relocated to its current 23-storey Headquarters Building situated on Ras Mekonnen Street, in front of the Addis Ababa Stadium. Today, Wegagen Bank stands as one of Ethiopia's largest private banks, distinguished by its diverse product offerings, cutting-edge technologies, and an unwavering commitment to service quality under the motto of excelling together.
Vision & Mission
Vision
“To be a champion of excellence in banking business in Ethiopia”
Mission
"Maximize stakeholders’ value by providing diversified banking services through competent and motivated employees and up-to-date technology"
Our Values
- Integrity: We do the right thing, even when no one is watching. We keep our word, honor our commitments, and maintain the confidentiality and privacy of all stakeholders.
- Teamwork: We collaborate and work collectively to meet our common goals, promoting and supporting a diverse, yet unified team.
- Responsiveness: We adapt and respond rapidly to changes, encouraging creativity and new ideas.
- Innovation: We adapt and respond rapidly to changes, encouraging creativity and new ideas.
Corporate Governance & Management Structure
Wegagen Bank operates under a finely tuned, multi-layered governance structure designed to ensure strategic direction and seamless operations:
The Board of Directors
The Bank is guided by a distinguished Board of Directors composed of a chairperson, a vice chairperson, and nine accomplished directors. To strengthen oversight, the Board utilizes three specialized Sub-Board Committees:
- Risk, Loan Review & Compliance Management
- Audit
- HR Affairs
Executive Leadership
The day-to-day operations and harmonious synergy of the bank are orchestrated by an executive team led by the Chief Executive Officer (CEO), supported by:
- 3 Deputy CEOs
- 11 Chief Officers
- 38 Appointed Directors entrusted with steering strategic objectives
Open Positions at Wegagen Bank S.C.