cbe

USD
53.5273
54.5978
,
GBP
62.6662
63.9195
,
EUR
58.516
59.6863
,
CHF
55.9713
57.0907
,
SEK
4.676
4.7695
,
NOK
4.834
4.9307
,
DKK
7.1135
7.2558
,
DJF
0.2974
0.3033
,
JPY
0.3771
0.3846
,
CAD
36.2863
37.012
,
SAR
12.909
13.1672
,
AED
13.1884
13.4522
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
34.2099
34.8941
,
SDR
,
ZAR
,
CNY
7.1867
7.3304
,
KWD
167.5769
170.9284

awash

abyssinia

USD
53.5273
54.5978
,
GBP
62.6662
63.9195
,
EUR
58.516
59.6863
,
AED
13.1884
13.4522
,
NOK
4.834
4.9307
,
SAR
12.909
13.1672
,
SEK
4.676
4.7695
,
CAD
36.2863
37.012

abay

USD
53.5273
54.5978
,
EUR
58.516
59.6863
,
GBP
65.6191
66.9315
,
CHF
58.6087
59.7809
,
AUD
37.801
38.557
,
AED
14.5728
14.8643
,
CNY
7.9411
8.0999
,
DKK
7.8602
8.0174
,
DJF
0.2974
0.3033
,
INR
0.6534
0.6665
,
JPY
0.4167
0.425
,
KES
0.4289
0.4375
,
NOK
5.3414
5.4482
,
SAR
14.2641
14.5494
,
ZAR
3.1204
3.1828
,
SEK
5.1669
5.2702
,
SDR
72.658
74.1112

zemen

CAD
39.7533
40.5484
,
EUR
57.8729
59.0304
,
GBP
65.2913
66.5971
,
SEK
5.081
5.1826
,
USD
53.408
54.4762

buna

nib

berhan

wegagen

USD
53.5273
54.5978
,
GBP
62.6662
63.9195
,
EURO
58.516
59.6863
,
CAD
36.2863
37.012
,
AUD
34.2099
34.8941
,
CHF
55.9713
57.0907
,
SEK
4.676
4.7695
,
NOK
4.834
4.9307
,
DKK
7.1135
7.2558
,
DJF
0.2976
0.3035
,
INR
0.6534
0.6665
,
KSH
0.4289
0.4375
,
JPY
0.3771
0.3846
,
SAR
12.909
13.1672
,
AED
13.1884
13.4522
,
ZAR
3.1723
3.2357
,
CNY
7.1867
7.3304
,
KWD
167.5769
170.9284

dgb

USD
53.501
54.571
,
GBP
65.8865
67.2042
,
EUR
58.2412
59.406
,
CHF
58.3945
59.5624
,
CAD
40.1961
41
,
AUD
37.8573
38.6144
,
SEK
5.1332
5.2359
,
NOK
5.377
5.4845
,
DKK
7.8299
7.9865
,
DJF
0.2972
0.3031
,
INR
0.653
0.6661
,
KSH
0.429
0.4376
,
JPY
0.412
0.4202
,
SAR
14.2563
14.5414
,
AED
14.5652
14.8565
,
ZAR
3.0843
3.146
,
CNY
7.9378
8.0966
,
KWD
175.2318
178.7364

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
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
53.5171
54.5874
,
GBP
62.9968
64.2567
,
CHF
56.1698
57.2932
,
SEK
4.6855
4.7792
,
NOK
4.8619
4.9591
,
DKK
7.151
7.294
,
JPY
0.3757
0.3832
,
CAD
36.4432
37.1721
,
SAR
12.9051
13.1632
,
AED
13.1859
13.4496
,
EUR
58.7778
59.9534
,
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

coop

USD
53.3643
55.4316
,
GBP
64.4321
65.7207

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: