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Hibret Bank Nominates Former Lion Bank Chief as President

Jul 24 , 2025

Board directors of Hibret Bank have nominated Negusu Gebregziabher, now serving as a senior advisor to the Bank of Abyssinia's president, as a president, pending regulatory approval from the National Bank of Ethiopia (NBE).

The nomination follows a directive from the NBE in June, pressing the newly constituted board to revise and resubmit its presidential candidate. Upon approval, Negusu will succeed Tsigereda Tesfaye, who has been serving as an acting president since August 2024. However, regulators at the NBE declined to accept her nomination made following the departure of Melaku Kebede, who was appointed as the fifth president of the Bank in January 2020, replacing the previous president, Taye Dibekulu.

Hibret Bank's board has been on a headhunt ever since before it decided to agree on Negusu's pick last week. He possesses two decades of experience in the banking industry, including a tenure at the state-owned Commercial Bank of Ethiopia (CBE), where he held the position of Vice President. He also served as President of Lion International Bank from 2011 to 2014.

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