An Innovative and Efficient Bank in Close Touch with Its Customers
We deal in most currencies. But there is one in which we
specialize. CREDIBILITY!...e)
On 15 February 1996, ninety years to the day following the
establishment of the first Bank of Abyssinia, a new privately-owned
bank with this historic name, but otherwise not connected with the
older bank, came into existence.
News & Events
Newsletter
A Quarterly Publication of Bank of Abyssinia.
29th / July / 2005
With effect from 1 August 2005 and following the recent Agreement between the Consular Office of the United States Embassy in Addis Ababa and the Bank of Abyssinia, Non-Immigrant visa applicants will be required to submit their application forms and passports to the Bank of Abyssinia branches >>
Get in touch
Phone, fax, e-mail
Address: Ras Desta Damtew Avenue Red Cross Building
Telephone: +251 115 514130
FAX: +251 115 510409 / 5511575
SWIFT: BIC-ABYSETAA
E-mail: info@bankofabyssinia.com
Welcome to Abyssinia Bank.
Who we are and where we came from
February 15, 1906 marked the beginning of banking in Ethiopia when the first Bank of Abyssinia was inaugurated by Emperor Menelik II.
It was a private bank whose shares were sold in Addis Ababa, New York, Paris, London, and Vienna. One of the first projects financed by the bank was the Franco-Ethiopian Railway which reached Addis Ababa in 1917. In 1931, Emperor Haile Selassie introduced reforms into the banking system and the Bank of Abyssinia became the Bank of Ethiopia, a fully government-owned bank providing central and commercial banking services. With the Italian invasion in 1935 came the demise of one of the earliest initiatives in African banking.
Who we are
We bring value innovation and growth to your business
On 15 February 1996, ninety years to the day following the establishment
of the first Bank of Abyssinia, a new privately-owned bank with this
historic name, but otherwise not connected with the older bank, came
into existence.
The subscribed capital of the new Bank of Abyssinia (BOA) was Birr 25
million and its authorized capital Birr 50 million, with 131
shareholders, all Ethiopian.