Embracing a vision to be one of the East Africa’s top private banks by 2025, Awash Bank S.C concluded a partnership agreement with the global financial services firm KPMG to devise a comprehensive strategy for the bank titled “Transforming AIB: Vision 2025.”

The partnership agreement was signed on June 25, 2015, between Tsehay Shiferaw, President of Awash Bank and David Leahy, Director of KPMG East Africa Limited.

KPMG, one of the largest financial advisory providers in the world is charged to conduct a study to pinpoint key potential areas for growth, to meet AIB’s 2025 vision.

The partnership is expected to mold AIB’s operating model, spotlighting on human resource management and information technology infrastructure.

“We know that Awash is one of the most successful private banks in Ethiopia. We are going to study their current practices and share our expertise to allow the bank to operate according to the highest international standards.” David Leahy said.

AIB S.C was founded in 1994 with 486 founding shareholders and a paid up capital of 24.2 million Birr.

Source: Capital