Nib International Bank (NIB) was established on 26 May 1999 under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. 84/1994 with the paid up Capital of birr 27.6 million and authorized capital of Birr 150 million by 717 Shareholders. The Bank commenced its operation in 28 October 1999 by 27 employees. It joined the banking industry as the sixth private bank licensed in the country. Other than rendering fulfilled Domestic and International Banking services, the Bank implemented Mobile and Internet Banking through which it issues NIB cards. The Bank has placed its ATM’s at various locations throughout the Country to provide its diversified products in convenient ways to esteemed customers. Moreover, to enhance the application of modern banking technologies and provide competitive service via a wide range of card banking services, the Bank has established a strategic partnership with MasterCard, VISA and Union Pay branded cards which is one of the breakthroughs to provide international payment service. With a view to introduce new types of products, other than the previous innovative products and services, Nib Mar Saving, NIB Social Saving, NIB Donation Saving and NIB Entrepreneur’s Saving were developed. In addition, the Bank is working with Tele Birr and E-birr (Product name – NIB E-birr) to be a better competitor in this digital world of banking.