Abay Bank has generated a total income of Birr 7.1 Billion during the 2022/23 fiscal year discussed at the Bank’s 14th Annual Shareholders’ Ordinary meeting which was held at Inter Luxury Hotel on November 11, 2023. On the occasion, Board Chairperson of the Bank, Dr Amlaku Asres, indicated that the fiscal year was marked with...
Abay Bank S.C. and Afra Import-Export PLC have signed Memorandum of Understanding (MOU) to work in partnership with Abay-Sadiiq Interest free banking services.Abubeker Nezir, Acting Deputy Chief Officer-Interest Free Banking of Abay Bank and Kalid Saleh Founder and Chief Executive Officer of Afra Import-Export PLC have signed the MOU.It was noted on the signing ceremony...
Abay Bank S.C. has received a loyalty prize for being a highest trustworthy tax payer in 2023.On the occasion organized by Ministry of Revenue noted that Abay Bank has received a Platinum Level of acknowledgment for being loyal tax payer nationwide.Abay Bank is intensively working in realizing national and corporate social responsibilities at large.
Abay Bank S.C. has launched the 7th round prize-linked sales promotion program to encourage saving culture and formal foreign currency exchanges. Customers will be listed among nominees to win rewards if they save starting from Birr 250.00, and receive and exchange different foreign currencies. A modern automobile, refrigerators, televisions, laptops and smartphones are rewards to...
Abay Bank S.C. and Safaricm M-PESA signed partnership agreement for supper agency, retail agency and mobile banking services.Yehuala Gesesse, Chief Executive Officer of Abay Bank, and Paul Kavavu, General Manager of Safaricom M-PESA, have signed the agreement at Headquarters of the Bank today.On the occasion, Yehuala noted that he is delighted to sign partnership with...
Abay Bank S.C. is participating and delivering comprehensive banking services at New Year Expo and Trade Fair being held at Addis Ababa Exhibition Center and Millennium Hall.The expos organized by Century Promotion and Barok Event Organizer will remain open to visitors until September 11, 2023.Abay Bank would like to warmly invite all customers to visit...
Abay Bank S.C. has granted 220 million Birr loan to Kombolcha City Administration for procurement of road infrastructure development machineries. Kombolcha City Administration has received the machineries which were bought by the 220 million Birrr loan granted from Abay Bank. The City Administration has extended its gratitude to Abay Bank for assuring its development partnership...
Abay Bank S.C. has granted Birr 5 Million to Ethiopian Orthodox Tewahedo Church, North Wollo Diocese on fund raising program held at Millennium Hall, on July 01/2023 The fund raising program was organized to rebuild churches, monasteries, historical sites and to provide humanitarian support to clergymen and their families whom are affected by the war...
Dessie City Administration has received Birr 200 million loan from Abay Bank S.C. for the procurement of road infrastructure development machineries. On the occasion held to handover the machineries, Yonas Tesfaye, Abay Bank’s Dessie District Manager, said that Abay Bank is aggressively providing credit facilities to grand projects and immensely executing its corporate...
Abay Bank S.C. has disclosed its five Years Strategic Plan to be implemented from 2023/24 to 2027/28 to members of its management at Haile Grand Hotel. On the occasion, Yehuala Gesesse, the Bank’s Chief Executive Officer, stated the strategy plan is believed to be contender in all parameters and effectively prepared by considering global...
