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
| type native_name = [[Shareአዋሽ Company]]ባንክ
| type = [[Commercial bank|Commercial]]
| foundation = November{{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
|Yohannes Merga, CIO
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|Ato Henock Tessema, Chief Retail & SME Banking Officer
|Tilahun Geleta, Chief Finance & Facilities Management Officer
|Abebe Deressa, Chief Corporate Strategy OfficrOfficer
|Dessalegn Tolera, Chief Credit Operation Officer}}
| num_employees = More than 1200018000
| profitrevenue = ETB 5.87 billion (2020/21)birr
| revenue_year = 2020/21
| industry = [[Finance]]
| products = [[Financial services]]
| owner = Awash Bank S.C
| 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>
 
==History==
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>
 
== References ==