The under formation Amhara Bank S.C. has announced that it has sold 6.4 billion Br worth of subscribed shares, of which 4.8 billion Br has been paid. The shares were sold to over 155,000 shareholders. With a par value of 1,000 Br, the minimum and maximum shares a single shareholder can buy are limited to 10 and 100,000, respectively. Melaku Fenta, former head of the then Ethiopian Customs & Revenues Authority and the chairperson of the new Bank's promoters, has stated that the Bank will continue to sell shares up until the end of November. The under formation Bank is selling shares through Amhara Savings & Credit Association and 10 other banks. Currently, more than a dozen under formation banks are selling shares including Jano Bank, Goh Betoch, Ahadu, Sheger, Hijira, Zad, Kush and Huda banks. Last month, ZamZam bank, the pioneer in full-fledged, interest-free banking, secured its operating license from the National Bank of Ethiopia and registered 870 million Br and 1.8 billion Br in paid-up and subscribed capital, respectively, raised from 11,200 shareholders.
September 18 , 2021
It could be customary to wish well for the holiday seasons. If only the New Year cele...
September 10 , 2021
What dominates a customary display of festivities during Ethiopia`s New Year weeks is...
September 4 , 2021
Ethiopia has become a familiar topic at the United Nation’s Security Council, a pow...
August 28 , 2021
The Central Statistics Agency (CSA) finally has an easily navigatable and pleasant lo...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
August 7 , 2021
There are a few without an opinion on Ethiopia’s federal structure, which is arranged along lingo-cultu...
July 24 , 2021
There was an alarming increase in the price of Teffin August 2017. It suddenly skyrocketed from 2,000 Br...
June 26 , 2021 . By HAWI DADHI and SAMUEL BOGALE
This past Monday was the second time Belay Zerihun, a second-time voter, has had to stand in a long queue...
