Category: <span>News</span>

Abay Bank Donates 10 mln Birr to Drought Affected Community
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Abay Bank Donates 10 mln Birr to Drought Affected Community

Abay Bank S.C. has donated 10 million Birr to drought affected community around Waghimra and North Gondar areas during the occasion held at headquarters of the bank.  Yehuala Gesesse, Chief Executive Officer of Abay Bank has handed over the donation to Alemayehu Wase (PhD), Executive Director Organization for Rehabilitation and Development in Amhara (ORDA).  During...

Abay Bank, Furi Sub City Islamic Affairs Council Ink MOU
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Abay Bank, Furi Sub City Islamic Affairs Council Ink MOU

Abay Bank S.C. and Sheger City, Furi Sub City Islamic Affairs Council have signed Memorandum of Understanding (MOU) to work in partnership with the Bank’s Sediiq – Interest Free Banking Services, at headquarters of the bank.Abubeker Nezir Acting Deputy Chief Officer of the Bank’s Sadiiq- Interest Free Banking Service and Dr. Amin Mohammed Ali Chairperson...

Authority Delivers High Level Training to Abay Bank’s Board of Directors, Senior Management Members
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Authority Delivers High Level Training to Abay Bank’s Board of Directors, Senior Management Members

Ethiopian Capital Market Authority has delivered high level training by senior experts on capital market to Abay Bank’s Board of Directors and Senior Management members at Hyatt Regiency Hotel. Amlaku Asres (PhD), Chairperson of the Bank’s Board of Directors’ and Yehuala Gessesse, Chief Executive Officer of the Bank attended the session. “The Bank has made...

Abay Bank Generates  High Annual Income
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Abay Bank Generates High Annual Income

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, Afra Import-Export PLC Ink MOU
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Abay Bank, Afra Import-Export PLC Ink MOU

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 Receives “Loyal Tax Payer” Prize
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Abay Bank Receives “Loyal Tax Payer” Prize

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 Launches 7th Round Prize-Linked Program
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Abay Bank Launches 7th Round Prize-Linked Program

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, Safaricom M-PESA Sign Partnership Agreement
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Abay Bank, Safaricom M-PESA Sign Partnership Agreement

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 Delivering Services at New Year Expo and Trade Fair
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Abay Bank Delivering Services at New Year Expo and Trade Fair

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 Grants 220 mln Birr Loan to Kombolcha City Administration for Road Infrastructure Development Machineries Procurement
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Abay Bank Grants 220 mln Birr Loan to Kombolcha City Administration for Road Infrastructure Development Machineries Procurement

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...