cbe

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
DJF
0.2921
0.2979
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
30.9429
31.5618
,
SDR
,
ZAR
,
CNY
6.6419
6.7747
,
KWD
161.8308
165.0674

awash

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
CAD
38.5463
39.3172
,
AED
14.3133
14.5996
,
CHF
53.0922
54.154

abyssinia

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
EUR
50.7265
51.741
,
AED
12.9535
13.2126
,
NOK
4.4353
4.524
,
SAR
12.6515
12.9045
,
SEK
4.2027
4.2868
,
CAD
34.8844
35.5821

abay

zemen

CAD
38.5463
39.3172
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SEK
4.6862
4.7799
,
USD
52.5772
53.6287

buna

nib

berhan

USD
52.573
53.6245
,
EUR
51.2797
52.3053
,
GBP
55.4237
56.5322

wegagen

USD
52.5646
53.6159
,
GBP
56.7402
57.875
,
EURO
51.8707
52.9081
,
CAD
35.2953
36.0012
,
AUD
31.5586
32.1898
,
CHF
52.4516
53.5006
,
SEK
4.5533
4.6444
,
NOK
4.9026
5.0007
,
DKK
6.4737
6.6032
,
DJF
0.291
0.2968
,
INR
0.6574
0.6705
,
KSH
0.437
0.4457
,
JPY
0.3504
0.3574
,
SAR
12.616
12.8683
,
AED
12.8975
13.1555
,
ZAR
3.1723
3.2357
,
CNY
6.9767
7.1162
,
KWD
162.7597
166.0149

dgb

USD
52.4895
53.5393
,
GBP
60.4259
61.6344
,
EUR
52.1273
53.1698
,
CHF
53.4734
54.5429
,
CAD
39.916
40.7143
,
AUD
35.6719
36.3853
,
SEK
4.858
4.9552
,
NOK
5.2494
5.3544
,
DKK
7.0095
7.1497
,
DJF
0.2916
0.2974
,
INR
0.6577
0.6709
,
KSH
0.4363
0.445
,
JPY
0.3737
0.3812
,
SAR
13.9618
14.241
,
AED
14.2902
14.576
,
ZAR
3.0395
3.1003
,
CNY
7.571
7.7224
,
KWD
170.024
173.4245

enat

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
53.9168
54.9951
,
CHF
0
0
,
SEK
0
0
,
NOK
0
0
,
DKK
0
0
,
KES
0
0
,
JPY
0
0
,
DJF
0
0
,
CAD
0
0
,
AUD
0
0
,
SAR
0
0
,
AED
0
0
,
ZAR
0
0
,
CNY
0
0

addis

GBP
59.4718
60.6612
,
USD
52.1166
53.1589

nbe

KWD
126.8085
129.34467
,
CNH
5.6258
5.738316
,
ZAR
2.6751
2.728602
,
AED
9.9063
10.104426
,
SDR
57.7908
58.946616
,
EUR
48.4016
49.369632
,
CAD
28.7765
29.35203
,
AUD
28.3265
28.89303
,
JPY
0.3389
0.345678
,
SAR
9.7001
9.894102
,
INR
0.5525
0.56355
,
DJF
0.2234
0.227868
,
KES
0.3664
0.373728
,
DKK
5.8896
6.007392
,
NOK
4.2714
4.356828
,
SEK
4.3114
4.397628
,
CHF
41.5822
42.413844
,
GBP
53.539
54.60978

dashen

USD
52.5772
53.6287
,
GBP
53.9168
54.9951
,
CHF
50.7031
51.7172
,
SEK
4.2027
4.2868
,
NOK
4.4353
4.524
,
DKK
6.1741
6.2976
,
JPY
0.3301
0.3367
,
CAD
34.8844
35.5821
,
SAR
12.6515
12.9045
,
AED
12.9535
13.2126
,
EUR
50.7265
51.741
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

oromia

USD
52.5772
53.6287
,
EUR
50.7265
51.741
,
GBP
56.4574
57.5865
,
SAR
13.9796
14.2592
,
CHF
53.0922
54.154
,
AED
14.3133
14.5996

lion

USD
52.5772
53.6287
,
GBP
56.4574
57.5865
,
EUR
50.7265
51.741

coop

USD
52.5772
53.6287
,
GBP
50.7265
51.741
,
SAR
13.9796
14.2592
,
EUR
50.7265
51.741
,
AED
14.3133
14.5996

Amhara Bank: The Latest Addition to the Banking Sector in Ethiopia 2022

 

Amhara Bank's Campaign Poster
Amhara Bank’s Campaign Poster

After two years of preparations, Amhara Bank S.C was officially inaugurated on June 18, 2022, at its headquarters in the Legehar area amidst a vibrant ceremony. Beginning a month prior to this date, the bank used teaser advertising asking “ከጎንዎ ማን አለ?” (Who is beside you?) to keep the public engaged and guessing until its big reveal on June 13.  A week of celebration ensued during the eve of the Bank’s opening, with events ranging from panel discussions at the Hilton Hotel, distribution of clothes with the bank’s logo to transportation facilitators, blood donation programs, and a cultural evening night.

The bank was opened with 72 branches in tow, and a plan to get this number to 100 by June 30, with only weeks left to accomplish this feat. It has already surpassed Zemen Bank (61 branches) and, with a goal of reaching 100 branches, will surpass Addis International (91) and Enat Bank (88). This daring move was accompanied by free Anbessa bus rides throughout Addis Ababa and gifts for mothers who gave birth on the opening day.

 

According to Borkena, Amhara Bank has several distinctive features, the first being its 165,000+ signatories, with 40,000 more investors in the process of purchasing shares. As a result, the bank has broken the record for the most shareholders in Ethiopian banking history. According to the Amhara Media Corporation (AMC), only 20% of the shares were sold in the Amhara region, with the remainder being sold in Addis Ababa and other regions. The bank was able to raise a signed capital of Br.6,516,327,599 and a paid-up capital of Br.4,825,763,703 from investors both within and outside the country, placing it third among Ethiopian private banks in terms of paid-up capital.

 

 

Amhara Bank's Headquarters in Legehar area of Addis Ababa

 

 

With a motto that read, “Beyond Financing,” Amhara Bank indicates its commitment to corporate social responsibility and its goal of assisting Ethiopians in their daily lives. According to their newspaper publication, the bank’s main goal is more than just entering the financial sector. Amhara Bank’s primary goal is to provide banking services to previously underserved areas and classes of people, with a goal of reaching 70% of the rural population. It intends to accomplish this by implementing novel and untested methods of modern banking, aided by cutting-edge technology. Amhara Bank’s Board Chairman, Melaku Fanta, stated that the bank believes in good-natured competition over hostile rivalry, and mutual growth over growth at the expense of others.

 

 

Amhara Bank's Motto

 

 

In recent news, Amhara bank has issued a press release warning the public of false media pages and scammers. In a statement released on June 27, 2022, the bank cautioned against any and all media sites alleging to be owned by Amhara Bank, conducting social media campaigns, and promising prize winnings. The institution will take no responsibility for victims of such cons but is working closely with the relevant government authorities to get the situation under control.

 

 

Amhara Bank's press release warning against fraudulent social media pages

 

 

Further, the bank listed all the proper media channels through which anyone wishing to get information or interact with the institution can do so safely. The list goes as follows: