cbe

USD
54.4025
55.4906
,
GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
DJF
0.3047
0.3108
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
XAF
0.002
0.0122
,
INR
,
KES
,
AUD
32.8737
33.5312
,
SDR
,
ZAR
,
CNY
6.9052
7.0433
,
KWD
168.8466
172.2235

awash

EUR
56.5106
57.6408
,
GBP
64.5257
65.8162
,
JPY
0.4037
0.4118
,
CHF
57.4629
58.6122
,
SAR
14.1527
14.4358

abyssinia

AED
13.4029
13.671
,
CAD
36.8768
37.6143
,
CHF
57.1241
58.2666
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
NOK
4.4889
4.5787
,
SAR
13.1274
13.3899
,
SEK
4.5341
4.6248
,
USD
54.4025
55.4906

abay

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
CHF
59.8158
61.0121
,
AUD
36.3245
37.051
,
AED
14.8098
15.106
,
CNY
7.6301
7.7827
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
JPY
0.3891
0.3969
,
KES
0.3904
0.3982
,
NOK
4.9601
5.0593
,
SAR
14.5054
14.7955
,
ZAR
2.8707
2.9281
,
SEK
5.0101
5.1103
,
SDR
72.3662
73.8135

zemen

CAD
40.7479
41.5629
,
EUR
58.3684
59.5358
,
GBP
67.8018
69.1578
,
SEK
5.0101
5.1103
,
USD
54.4025
55.4906

buna

USD
54.4025
55.4906
,
EUR
58.3684
59.5358
,
GBP
64.7507
66.0457
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899
,
CAD
36.8768
37.6143
,
CNY
6.9052
7.0433
,
USD
7.0919
7.2337
,
EUR
4.5341
4.6248
,
GBP
57.1241
58.2666
,
AED
0.3522
0.3592
,
SAR
4.4889
4.5787
,
CAD
168.8466
172.2235
,
CNY
32.8737
33.5312

nib

GBP
64.7507
66.0457
,
EUR
58.3684
59.5358
,
CHF
57.1241
58.2666
,
USD
54.4025
55.4906
,
CAD
36.8768
37.6143
,
AED
13.4029
13.671
,
SAR
13.1274
13.3899

berhan

USD
54.3861
55.4738
,
EUR
58.2693
59.4347
,
GBP
64.6741
65.9676
,
CAD
36.7611
37.4963
,
AED
13.3989
13.6669
,
YUA
6.9193
7.0577

wegagen

USD
54.2965
55.3824
,
GBP
64.0075
65.2877
,
EURO
58.1841
59.3478
,
CAD
36.1417
36.8645
,
AUD
32.1413
32.7841
,
CHF
56.8974
58.0353
,
SEK
4.6669
4.7602
,
NOK
4.6606
4.7538
,
DKK
7.1482
7.2912
,
DJF
0.3031
0.3092
,
INR
0.6588
0.672
,
KSH
0.4039
0.412
,
JPY
0.3681
0.3755
,
SAR
13.0258
13.2863
,
AED
13.3071
13.5732
,
ZAR
3.1723
3.2357
,
CNY
7.1053
7.2474
,
KWD
168.0519
171.4129

dgb

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358
,
CHF
59.8158
61.0121
,
CAD
40.7479
41.5629
,
AUD
36.3245
37.051
,
SEK
5.0101
5.1103
,
NOK
4.9601
5.0593
,
DKK
7.8363
7.993
,
DJF
0.3047
0.3108
,
INR
0.6587
0.6719
,
KSH
0.3904
0.3982
,
JPY
0.3891
0.3969
,
SAR
14.5054
14.7955
,
AED
14.8098
15.106
,
ZAR
2.8707
2.9281
,
CNY
7.6301
7.7827
,
KWD
176.8027
180.3388

enat

USD
53.1422
54.205
,
GBP
62.1342
63.3769
,
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
61.7297
62.9643
,
USD
53.7176
54.792

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
54.4025
55.4906
,
GBP
64.7507
66.0457
,
CHF
57.1241
58.2666
,
SEK
4.5341
4.6248
,
NOK
4.4889
4.5787
,
DKK
7.0919
7.2337
,
JPY
0.3522
0.3592
,
CAD
36.8768
37.6143
,
SAR
13.1274
13.3899
,
AED
13.4029
13.671
,
EUR
58.3684
59.5358
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY
,
AED

oromia

USD
53.3285
54.3951
,
EUR
56.7522
57.8872
,
GBP
64.2235
65.508
,
SAR
14.185
14.4687
,
CHF
57.398
58.546
,
AED
14.5198
14.8102

lion

USD
54.4025
55.4906
,
GBP
67.8018
69.1578
,
EUR
58.3684
59.5358

coop

USD
54.3747
55.4622
,
GBP
67.4953
68.8452
,
EUR
58.1483
59.3113
,
SAR
14.4991
14.7891
,
AED
14.8027
15.0988

gadaa

hijra

EUR
59.0833
60.265
,
USD
54.2297
55.3143
,
GBP
64.8713
66.1687
,
AED
13.3629
13.6302
,
KWD
168.8489
172.2259
,
SAR
13.3629
13.3481

Amhara Bank: The Latest Addition to the Banking Sector 2022

Amhara Bank Entering the Banking Sector

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 and motto 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 Anbesa 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

The Mission of Amhara Bank

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.

Based on 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 also has issued a press release warning the public of false media pages and scammers.

For example, 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

Furthermore, the Amhara bank listed all the proper media channels through which anyone wishing to get information or interact with the institution can do so safely.