Central Bank Approves Dashen VP Appointments

Nov 27 , 2021

The central bank has given the nod of approval to Dashen Bank's recent appointment of five executives as vice presidents. Dashen has been going through a managerial reshuffle in line with its strategic plan. The appointments also come following the recent departure of two senior executives to lead industry entrants. Henok Kebede and Yared Mesfin left their posts at Dashen to become the founding presidents of Amhara and Tsehay banks, respectively. With the approval of regulators at the central bank, Yohannes Million, who previously served as Dashen's vice president of digital banking, has been appointed chief digital banking officer. Similarly, Ayele Teshome, Eyerusalem Wagaw, Mesfin Bezu and Mulugeta Alebachew have also secured vice-presidential posts at Dashen. Following the general assembly held two weeks ago, the Bank's shareholders have decided to raise Dashen's paid-up capital to 12 billion Br. The figure stood at 5.4 billion Br at the end of the last fiscal year, meeting the central bank's minimum threshold requirements.