Lion International Bank held a ceremony last week at Skylight Hotel on Africa Avenue to recognize and appreciate its longstanding customers who have played a pivotal role in mobilizing foreign exchange. Over 37 customers were awarded trophies and certificates for their contributions to the bank's foreign exchange gains through export trade, international remittances, telecom, and other sectors. The bank's president, Daniel Tekeste, highlighted the significant role these customers have played in the bank's success, noting that they helped mobilize over eight billion Br in the last fiscal year. This funding has been crucial in supporting the financial needs of export-oriented businesses. Lion International Bank, one of the second-generation banks in Ethiopia with 3,739 founding shareholders, has been in operation since 2007. The bank now has over 12,855 shareholders, paid-up capital exceeding 3.05 Billion Br, and total assets worth over 41.8 billion Br. The bank's chairman, Alem Asfaw, expressed gratitude to the customers for their continued support and emphasized the importance of adapting to the changing market landscape, especially with the expected entry of foreign banks.
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