Awash International Bank: Difference between revisions

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{{Short description|Commercial bank in Ethiopia}}
{{primary sources|date=January 2021}}
{{Infobox company
| name = Awash Bank S.C.
| logo = Awash_Bank_Final_logoAwash International Bank.jpgpng
| native_name = አዋሽ ባንክ
| type = [[Share Company]]
| type = [[Commercial bank|Commercial]]
| foundation = November 1994
| foundation = {{start date and age|1994|11|10|df=y}}
| location = [[Addis Ababa]]
| location = Airport Road, [[Addis Ababa]], [[Ethiopia]]<br>{{coord|8.9920|38.7820|type:landmark_region:ET|display=inline,title}}
| key_people = {{ubl|Tsehay Shiferaw , CEO
Executive Management Members
|Yohannes Merga, CIO
Chief Executive Officer Ato Tsehay Shiferaw,
|Tadesse Gemeda, Chief Wholesale Banking Officer Ato Tadesse Gemeda,
 
|Ato Henock Tessema, Chief Retail & SME Banking Officer Ato Henock Tessema,
Chief Information Officer ,Ato Yohannes Merga,
|Tilahun Geleta, Chief Finance & Facilities Management Officer Ato Tilahun Geleta,
 
|Abebe Deressa, Chief Corporate Strategy Officer Ato Abebe Deressa,
Chief Wholesale Banking Officer Ato Tadesse Gemeda,
|Dessalegn Tolera, Chief Credit Operation Officer Ato Dessalegn Tolera,}}
 
| num_employees = More than 18000
Chief Retail & SME Banking Officer Ato Henock Tessema,
| Profitrevenue = ETB = 5.87 billion (2020/21)birr
 
| revenue_year = 2020/21
Chief Finance & Facilities Management Officer Ato Tilahun Geleta,
| industry = [[Finance]]
 
| products = [[Financial services]]
Chief Corporate Strategy Officer Ato Abebe Deressa,
| owner = Awash Bank S.C
 
| homepage = {{URL|www.awashbank.com}}
Chief Credit Operation Officer Ato Dessalegn Tolera,
 
number of_employees = More than 12000
| Profit = ETB 5.87 billion (2020/21)
| industry = [[Finance]]
| products = [[Financial services]]
| homepage = {{URL|www.awashbank.com}}
}}
'''Awash Bank''' ([[Amharic]]: አዋሽ ባንክ) is a [[commercial bank]] in [[Ethiopia]] that was established in 1994 by 486 founding shareholders with a paid-up capital of Birr[[Ethiopian birr|birr]] 24.2 million and started banking operations on Feb.13 13,February 1995. As of end of June 2020 the number of shareholders and its paid-up capital increased to over 4369 and Birr 5.87 billion, respectively. Likewise, as of end June 2020, ourbank's total assets reached Birr 95.6 billion with over 535700 branches found across the country, Awash Bank continues to be leading private commercial Bank in Ethiopia.'''<ref>{{Cite web |title=Awash Bank – Nurturing Like The River |url=https://www.awashbank.com/ |access-date=2022-05-28 |website=www.awashbank.com}}</ref><ref>{{Cite web |title=Company Profile |url=https://www.awashbank.com/company-profile/ |access-date=2022-05-28 |website=www.awashbank.com}}</ref>
 
'''Having grown from humble beginnings with visionary intent, we are the first private bank in Ethiopia to exceed a billion profit mark in the history of Ethiopian Private Banks in the financial year 2019 since inception, we have expanded through a combination of substantial organic growth and an enhanced customer service experience.'''
 
== Our strategic goals and objectives are based on the aspiration of:- ==
 
== Vision: ==
 
* “To be the First Choice World Class Bank”
 
== Mission: ==
* “To provide Innovative, Competitive and Diversified banking services accessible to the society with qualified and committed staff in a profitable and socially responsible manner”
 
==History==
== Our Core Values ==
Awash International Bank was founded on 10 November 1994 and started operation on 13 February 1995 with 486 shareholders and paid-up capital of 24.2 million birr.<ref>{{Cite web |date=2013-10-14 |title=Ethiopia’s Awash International Bank : Growth amid challenges - Shiferaw |url=https://www.theafricareport.com/5212/ethiopias-awash-international-bank-growth-amid-challenges-shiferaw/ |access-date=2022-11-01 |website=The Africa Report.com |language=en-US}}</ref><ref>{{Cite web |title=Awash Bank Ethiopia - All you need to know 2021! |url=https://banksethiopia.com/banks/awash-bank/ |access-date=2022-11-01 |language=en-US}}</ref><ref>{{Cite web |title=About Awash International Bank |url=https://ethiopia.financialadvisory.com/about/awash-international-bank/ |access-date=2022-11-01 |website=ethiopia.financialadvisory.com}}</ref><ref>{{Cite web |date=1 November 2022 |title=Assessment of Customers' Satisfaction |url=http://repository.smuc.edu.et/bitstream/123456789/3749/1/Assessment%20of%20Customers%27%20Satisfaction%20and%20Service%20Quality%20of.pdf}}</ref> It is named after [[Awash River]].<ref>{{Cite web |date=1 November 2022 |title=assessment of credit risk management policies |url=http://197.156.93.91/bitstream/123456789/4316/1/Thesis%20Meseret%20Zelalem.pdf}}</ref> In 2013/14 fiscal year, the bank gained roughly more than 1.37 billion birr, accounting 40% of the whole private banks.<ref>{{Cite web |title=Battle of the Titans |url=https://ethiopianbusinessreview.net/battle-of-the-titans/ |access-date=2022-11-01 |language=en-US}}</ref>
 
On 24 November 2014, Awash partnered with Misys FusionBanking Essence, a financial software company, to boost its continual growth and the branching process.<ref>{{Cite web |date=1 November 2022 |title=AIB pioneers core and branch modernisation with Misys |url=https://www.finastra.com/sites/default/files/documents/2018/01/2014-11-24-awash-bank-go-live-press-release_bank-final.pdf}}</ref>
* A – Accessibility
* W – Wisdom
* A – Accountability
* S – Socially Responsible
* H – Honesty
 
== References ==
https://www.awashbank.com/company-profile/
{{Reflist}}
 
==External links==