Goh Betoch Bank S.C. was founded by 11 visionary individuals, veteran bankers, investors, and academicians who have a strong devotion to their country and people. The reasons behind the inception of this, the first of its kind or pioneer private mortgage bank in Ethiopia include a huge housing backlog, unaffordability of houses due to the rising cost of construction, persistent inflation, poor housing financing scheme in the country, among others. The Bank was set up by 6,657 shareholders with a sum of Birr 1,056 million subscribed and Birr 521.5 million paid-up capitals. Following three years of the establishment process, the Bank completed all the regulatory requirements and secured its license from the National Bank of Ethiopia (NBE) on July 28, 2021.