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.

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.  

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  818 branches in the country, BoA serves over 9.3 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.