Company Profile



The present-day Bank of Abyssinia was established on February 15, 1996 (90 years to the day after the first but defunct private bank was established in 1906 during Emperor Menelik II) in accordance with 1960 Ethiopian commercial code and the Licensing and Supervision of Banking Business Proclamation No. 84/1994.

BOA started its operation with an authorized and paid up capital of Birr 50 million, and Birr 17.8 million respectively, and with only 131 shareholders and 32 staff.

In two decades since its establishment Bank of Abyssinia has registered a significant growth in paid up capital and total asset. It also attracted many professional staff members, valuable shareholders and large customers from all walks of life. This performance indicates public confidence in the Bank and reliability and satisfaction in its services.

Currently, employing the state-of-art banking technology, the Bank provides excellence domestic, international and special banking services to its esteemed and valuable customers. It also strives to serve all economic and services sectors via its ever increasing branch networks through out the country.


The Description of the Logo


BoA’s corporate logo icon consists of a diamond shaped six petals yellow colored flower (endemic) called “adeyabeba”, surrounded by a square with black color in the background.


The flower: the logo is taken from an endemic six petal flower, locally known as “adeyabeba”. Its botanic name is Bidensmacroptera (Sch.Bip.ex Chiov) Mesfin found in 1984. The type of the flower is located 38 km East of Robe town, in Bale. The color connotes hope and peace, signifying bright future for the BoA in a growing and peaceful economic environment.





 The following are brief statements on the Bank’s Vision, Mission and Values.




To be the bank of choice for customers,employees and shareholdres.




To provide customer-focused financial services through competent, motivated employees and modern technology in order to maximize value to all stakeholders.


Core Values


  • Putting customer first 
  • Committed to excellence
  • Being honest and accountable
  • Working together as a team
  • Caring for our community



  • በደንበኞች፣ በሠራተኞች እና በባለአክሲዮኖች ተመራጭ ባንክ መሆን፡፡


ብቃት ባላቸውና ለሥራ በተነሳሱ ሠራተኞች እንዲሁም በዘመናዊ ቴክኖሎጂ

  • በመታገዝ፤ ደንበኛ ተኮር የሆነ የፋይናንስ አገልግሎት በማቅረብ ባለድርሻ አካላትን ማርካት፡፡

ዐበይት እሤቶች

  • ለደንበኛ ቅድሚያ መስጠት
  • ለላቀ አገልግሎት መትጋት
  • ታማኝነትና ተጠያቂነት
  • የቡድን ሥራን ማበረታታት
  • ማኅበራዊ ግዴታን መወጣት


Since its establishment, guided with clear vision, mission and values, BOA has made great strides in business growth and development. Consequently upon this, as of June 30, 2018 the following have been registered.



Authorized and paid up capital of BoA as at 30 June 2018 is Birr 4.24 billion and Birr 2.56 billion, respectively, a total deposit balance of Birr 25.79 Billion and a total loans and advances of Birr 17.99 billion, which in effect enhance the risk absorbing and the lending capacity of the Bank.



BOA has more than 5,825 staffs and 1,012,177 account holders and works with known money transfer agents such as Western Union, Express Money, Ria International, Trans fast , Dahabshiil, MoneyGram,kaah and Ezremit.



Following a strong demand for better service and products from all directions on the one hand, and a ground-breaking development in ICT, on the other, BOA has replaced its in –house IT system with the state-of- the art technology called T24 and started ATM and POS services with Habesha card and mobile banking services. BoA also provides Internet banking services while Agent banking service will be readily available within the near future.




BOA has 2,176 shareholders who are successful businessmen, intellectuals, celebrities, etc.


Branch Networks


Bank of Abyssina, which started banking services with only one branch in 1996, has 334 domestic branch networks, of which 152 branches are in Addis Ababa and the remaining 182 are established in bankable towns all over the country. Most branches work 10 hours a day 6 days a week (starting from 08:00 up to 06:00 PM),while some other work up to 07:00 PM in the evening. All City and Outlying branches are interconnected with state-of-the art ICT. All branches offer both domestic and international banking services.

Bank of Abyssinia still strives to identify bankable area every year and serve valuable customers by expanding its branch networks throughout the country.

In this respect there are more branches on the pipe line to be opened in Addis Ababa and in the regional states this fiscal year.

Money Transfer

  • dehabshil.jpg
  • kaah.png
  • moneygram.png
  • ria-money-transfer-logo-300x193.jpg
  • transfast.png
  • westeren.png
  • xpress-money-send-now.jpg

Currency Rate Bank of Abyssinia

  Exchange Rate 

  Date Oct. 16, 2019


Currency Buying Selling




1 GBP  35.4698  36.1792
1 AED    7.2329  7.3776
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