Awash Bank Raises the Bar for Employee Salaries

Jul 25 , 2020


[ssba-buttons]

Awash Bank has introduced a new scale adjustment on salaries and gave a bonus to employees after registering its highest gross profit of 4.2 billion Br in the just ended fiscal year. The new adjustment, which was made after conducting market assessment research, increased the salaries of some employees by as high as 170pc and the  average employee 103pc. The highest percentage is made for level one employees, including security and cleaning staff and newly recruited employees among 20 levels.  However, the percentage raise depends on high graded branches and job positions. “My salary was raised from 15,000 Br to 22,600 Br,” said Mideksa Demise, a customer service manager at Awash Bank's Temenja Yazh branch. Awash, which last altered its adjustment scale in 2017, has also issued a two to four-month salary bonus after analysing the performance of employees conducted during the assessment. “The Bank has given a pleasing raise for all of its workers," said Ebisa Deribie, director of marketing and communications at Awash Bank. "Recently, the Bank has given shares to 500 employees to create an attachment between the bank and its workers." Established in 1994 with a paid capital of 24.2 million Br, Awash's paid-up capital has now reached 5.87 billion Br.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...