Tsedey Bank announced that it would launch operations on Saturday with a subscribed capital of Birr 11 billion and a paid-up capital of Birr 7.8 billion. Tsedey has a total of Birr 46 billion in assets.
According to the CEO of the bank, Mekonnen Yelewmwessen, Tsedey Bank is equipped with modern technology. The bank will have 148 branch offices when it starts operation. Its aim is to open branches in all areas of the country.
Source (including image): Fana BC