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Mother of All Banks
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The New Bank
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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.
VISION, MISSION,
VALUES
Vision
Statement
As Abyssinia was one of the earliest civilizations in ancient
times and as Abyssinia Bank was the first bank in the history of Ethiopia,
Bank of Abyssinia shall be a standard bearer in the banking industry in Ethiopia
and an international player capable of being compared favorably with the best
institution in its class world wide.
Mission Statement
BOA’s mission is to provide domestic and international banking
services through innovative utilization of technology, human and
other resources, and be recognized as quality focused, results oriented,
financially sound and socially responsible bank . The Bank is
committed to:
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Satisfying the financial services needs of our customers;
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Developing, encouraging and rewarding superior performance of our
employees;
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Generating satisfactory and sustainable long-term benefits for our
shareholders.
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Contributing to the development of the Ethiopian economy and the growth
of the private sector.
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Strengthening mutually beneficial relationships with our associates in
the country and world wide.
Values
Statement
- Uncompromised Integrity, Honesty, Loyalty, and Ethical
Standards. Integrity, honesty, loyalty, and ethical standards are
paramount to the Bank’s interest. We constantly work to make them part
of the social architecture of the Bank.
- Dedication to Customer Satisfaction. We care for the
customer so as to make Bank of Abyssinia
his/her first choice.
- Enduring Commitment to Quality and Innovation. BOA
shall provide superior services to the best satisfaction of its
customers which shall continually include generation of new products and
alternative services.
- Commitment
to Employees Satisfaction. BOA provides its employees a conducive and
transparent working environment where they receive fair treatment and
equal opportunity in the area of training, promotion, compensation as
well as clearly defined individual duty and responsibility that will
ensure superior performance.
- Fair
Return for Shareholders. Our shareholders deserve return that
reflects time value of money; investment risk; and at least average
industry rate of return. We continuously aim at and work towards this goal.
- Good
Governance. Good governance is a value we at the Bank of Abyssinia constantly and vigilantly ensure. This
is done through:
- Clear line of relationships
- Accountability and responsibility, and
- Transparency
- Social
Responsibility. Bank of Abyssinia is
a socially responsible corporate citizen and always operates mindful of
this responsibility.
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