About Amhara Bank

Who We Are

Genesis

The throng of shareholders makes Amhara Bank the most powerful and prominent bank in Ethiopia as it was established by more than 163 thousand subscribers with 7.4 billion ETB paid-up and 7.4 billion ETB subscribed capital. Currently, the bank’s paid-up capital has reached 7.4 billion ETB.

Amhara Bank officially commenced operations on 18th June 2022 after receiving business operation license from the National Bank of Ethiopia and the date was recorded momentous as many tremendous projects were kicked-off simultaneously including opening of 72 full-fledged branches – all connected through cutting edge core banking system, Interest Free Banking, ATMs, were few to mention.

The Bank is backed by a strong structure of leadership that assures its successful future having 10 members of board of directors who are highly regarded entrepreneurs and academicians and an agile team of management.

Amhara Bank now is rendering quality banking service through its 319+ branches, in-house developed high-tech mobile banking application and USSD based mobile banking. Moreover, the bank has created job opportunities for more than 5000 skilled and talented employees.

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Ownership

Amhara Bank is a share company with 163,796 shareholders contributing birr 7.4 billion in paid-up capital and birr 7.4 billion subscribed capital. The bank’s ability to work together to develop a successful business venture and commercial bank service is reflected in its diversified ownership.

Shareholders
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Subscribed capital
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Paid up capital
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Customers
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Company History

Amhara Bank S.C Timeline

June 18, 2022Amhara Bank Commenced Operation
September 8, 2022Powered ‘Tana Cup’
December 29, 2022First General Assembly
March 18, 2023Marhaba Interest Free Banking Service
April 1, 2023Supported Humanitarian Organizations
June 22, 2023First Year Anniversary
December 29, 20232nd AGM
October 23, 2023Amhara bank awarded PwC
September 13, 2024Amhara bank assigned a new CEO
July 05, 2025 MOU

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Vision

To be one of the top 40 leading Commercial Banks in Africa by 2040 and to be among the top 4 leading commercial Banks in Ethiopia by 2030 

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Mission

We deliver innovative, inclusive, and customer-focused financial services that empower our customers, including small and medium enterprises through leveraging cutting-edge digital solutions and corporate citizenship to foster sustainable growth and maximize value for stakeholders.

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Core Values

Integrity

We operate with honesty, transparency and fairness earning the confidence of our customers, shareholders, regulators and other stakeholders.

Inclusiveness

We embrace diversity and create equal opportunities for customers and employees alike.

Trustworthiness

Reliability and ethical conduct define our relationships. We safeguard our customer’s interests with confidentiality, security and a commitment for their long-term success.

Caring

People come first. We prioritize the well-being of our customers, employees and communities to foster a positive and supportive environment.

Transparency

The bank is committed to open, honest, and timely communication across all levels of the bank’s operations.

Collaboration

Teamwork fuels progress. By working together-within the bank and external partners- we drive innovation, solve challenges and enhance customer experiences.

Innovation

The Bank is committed to continuously evolving its services, adopting cutting-edge technologies and offering forward-thinking financial solutions to stay ahead of trends and deliver exceptional service for our customers.

Accountability

This reflects the bank’s dedication to ethical conduct, regulatory compliance, and performance excellence. By holding individuals and teams responsible for their roles, the bank reinforces integrity and drives continuous improvement.

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Executive Managements

Chief Banking Business Officer
Chief Strategy & Innovation Officer

Hailu Moges

D/Chief People Officer

Befikadu Tchernet

D/Chief Digital Banking Officer
Chief Corporate Services Officer
Chief Banking Operations Officer
Chief Information Officer

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Partners

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