Bank of Abyssinia at Glance
In an era where commercial banking services were in an inchoate stage and striding towards transforming different sectors of the economy, Bank of Abyssinia’s founders believed in the need for a bank that gives comprehensive commercial banking services. Thus, the Bank of Abyssinia (BoA) was open for business in 1996 with enthused initiation and determination.
The name Abyssinia resembles bravery and character which are the core attributes of BoA. Its identity is demarcated with a sense of hope, optimism, and belief as it is perfectly displayed in its logo, the Adey Abeba. Adey Abeba brings the promise of a new beginning. BoA brings that very sense to all the customers it engages with. Working with and through BoA brings sustained success with the help of a bank that is a symbol of determination and hard work.
Ownership
Bank of Abyssinia is a share company of private individuals who amass experience and success in different areas including business, entertainment and education. Such diverse ownership not only reflects the company’s determination and willingness to succeed in the sector it operates in, but also signify its ability to work together towards building a successful business venture and commercial bank service.
The Choice for All
BoA’s commitment to deliver quality commercial products along with first class customer service makes BoA the most suitable bank for all. Adopting its tagline in such manner reflects BoA’s deep association with the society. With more financial products and services BoA has demonstrated through the years that is a Bank for all and any kind of customer.
Customer Satisfaction
The quality of our work is always measured by the level of satisfaction our customers get. To attain the maximum value, our financial services are always of the highest.
Integrity
The services we deliver throughout the country keep their uniformity and standard to display our integrity.
Team work and Collaboration
As we stride towards the same goal, which is delivering unparalleled banking service, our collaborative effort holds the utmost significance.
Caring for our community
As a bank that bears the former name of our country, our commitment lies beyond delivering financial services. It goes without saying that we are deeply concerned and involved in helping the community we operate in. Our corporate social responsibility shows our care as it is a platform to which allows us to give back to our community.
Strategic Partnership
Bank of Abyssinia, to build its brand traction and expand its customer base, has formed a strategic partnership with different international organizations based in Ethiopia.
Corporate Social Responsibility
As one of our core values, the Bank of Abyssinia promotes corporate social responsibility. It believes the well-being and improved living conditions of our community will benefit us all. As such, BoA participates in various national projects and other social and economic initiatives. These include the construction of the Ethiopian Grand Renaissance Dam, the establishment of the Ethiopian Cardiac Center, Ethiopia Rotary Club, and the establishment of Ethiopian Women Traders’ Associations.
Current Capital
Through its 864 branches in the country, BoA serves over 10.2 million customers. BoA’s well-structured financial service system is connected through the T-24 core banking system. This coupled with the 1277 ATM machines, 18 virtual banking centers, and more than 1232 POS placed in different locations to afford customers to access their accounts from anywhere at any time. This also allowed BoA to increase its capital from ETB50 million to ETB 18.59 billion.
Total Asset
The total asset of Bank of Abyssinia has reached ETB 188.55 Billon.
Board of Directors
Mr. Mekonnen Manyazewal
Board Chairman
Qualification: BA degree with distinction in Business Administration
Primary Occupation: Freelance Advisory Service
Prof. Belaye Simane
Board Director
Qualification: PhD in Environmental and Agriculture Development, M.Sc in Plant Breeding & Agronomy, Higher Diploma in Learning-Teaching in Higher Education, and Diploma in Crop Production & Protection Technology (with Distinction)
Primary Occupation: Professor of Environmental Studies at Addis Ababa University
Mrs. Emebet Woldeher
Board Director
Qualification: Bachelor of Arts in Foreign Languages & Literature (English), and Diploma in Commerce (In Accounting)
Primary Occupation: General Manager at Ghion Industrial Chemical sector PLC
Mr. Meseret Taye
Board Director
Qualification: Senior Management, BA Degree in Economics & Political Science, and Diploma in Accounting (Advanced)
Primary Occupation: Self Employed
Mr. Birhanu Jijo
Board Director
Qualification: Master of Business Administration (MBA), MSc – Irrigation Engineering, and BSc Degree in Agriculture Engineering with distinction
Primary Occupation: CEO at AgriPol International Consultancy & Training PLC
Mr. Meseret Melese
Board Director
Qualification: Master of Business Administration (MBA), BA Degree in Management (with distinction), and Certificate in Commodity Marketing
Primary Occupation: Deputy Director at University of South Africa, Ethiopia Center for Graduate Studies, Addis Ababa
Dr. Yifru Tafesse
Board Director
Qualification: Doctorate Degree in Business Leadership (DBL), Master of Business Administration (MBA), Post Graduate Diploma (PGD) in Marketing & Physical Distribution, and Bachelor of Arts (BA) Degree in Management and Public Administration
Primary Occupation: Deputy Director General at Agricultural Transformation Agency
Mr. Yilikal Kassa
Board Director
Qualification: Master of Business Administration in International Business & Bachelor of Arts (BA) Degree in Accounting
Primary Occupation: Shareholder & General Manager at Michwud Business PVT.Ltd.co
Mr. Aemero Belete
Board Director
Qualification: MBA in Financial Strategy , Bachelor of Arts (BA) Degree in Accounting & Authorized Accountant
Primary Occupation: Self Employed
Mr. Tewodros Tesfaye
Board Secretary
Board Sub-Committee Members
Mr. Aemero Belete
Mr. Meseret Melese
Mr. Meseret Taye
Mr. Yilikal Kassa
Mr.Mekonnen Manyazewal
Dr. Yifru Tafesse
Mr. Birhanu Jijo
Prof. Belaye Simane
Mrs. Emebet Woldeher
The Management Team
Mr. Bekalu Zeleke
Chief Executive Officer
Mrs. Sosina Mengesha
Chief Digital Banking Officer
Mrs. Meseret Asfaw
Chief Enterprise Service Officer
Mr. Mohammed Nuredin
Chief International Banking Officer
Mr. Seifu Bogale
Chief Coroporate Human Resource Officer
Mr. Daniel Hailu
Chief Information Officer
Mr. Abreham Gebeyehu
Chief Branch Banking Officer
Mr. Asaminew Deribew
Chief Credit Business Officer
Mr. Desalegn Yizengaw
Vice President Financial Management
Mr. Kagnew Wolde
Vice President Marketing
Mr. Abdulkadir Redwan
Vice President IFB
