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 the occasion, Yehuala noted that Abay Bank is intensively participating in rehabilitation activities; adding that, the bank will enhance its corporate social responsibilities in the future. Dr. Alemayehu on his part said that he is thankful to Abay Bank for its unwavering cooperation to help...
Abay Bank News
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 with Furi Sub City Islamic Affairs Council have signed the MOU.During the ceremony, Abubeker noted that the agreement enables the Bank to serve and satisfy the Muslim community in accordance to the Sharia law and as per their utmost expectation. The Agreement also paves way...
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 the required readiness ahead of time to engage and actively participate in the capital market, and to help the transition and realization of the capital market in Ethiopia”, said Yehuala on his remark, “the session of such kind would help our effort towards that end”,...
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 many-sided challenges globally and domestic occurrences. The continued Russia-Ukraine conflict was one of the most critical ones in impacting the supply chain coupled with heightened tensions between the US and China over the Taiwan issues and the effect of the COVID pandemic, herd global inflation....
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 that the agreement includes working in partnership with diversified Abay-Sadiiq Interest Free Banking Services.Abay Bank is providing contemporary interest free banking services to its esteemed corporate customers.