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.   

Vision

 Tirelessly Working to achieve our vision 
To become the leading commercial bank in East Africa by the year 2030. 

Mission

   Our mission enables us to drive forward with aim 
Provide excellent financial services through competent, motivated employees and digital technology in order to maximize value to all stakeholders.

Values

 Our values reflect our identity

  • 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  779 branches in the country, BoA serves over 7.5 million customers. BoA’s well-structured financial service system is connected through the T-24 core banking system. This coupled with the 1271 ATM machines, 16 virtual banking centers, and more than 1256 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 a hundred-fold from ETB50 million to ETB 5.5 billion.

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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

Mr. Biruk Walellegn

Executive Assistant to the CEO

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