Awash International Bank has raised its paid-up capital to one billion Ethiopian birr,  double the minimum paid up-capital requirement of the National Bank of Ethiopia set to be achieved by all banks in mid 2016. AIB's total capital, and reserves currently stands at two billion birr.

In November 2012, shareholders of AIB has approved  a decision to raise the banks paid up capital to 1.5 billion birr within the next two years to help strengthen the capital base of the bank and support its expansion.

The total branch network of AIB now has reached 112, leading  private banks in terms of branch network.

The total assets of the Bank has also rose to over 19 billion birr by end of April, while total deposits reached 12 billion birr. Total loans and advances disbursed to different sectors is estimated at seven billion birr.

Awash International Bank S.C. is the first private bank in Ethiopia to build its own headquarters, 18 and 16 storey complex buildings named “Awash Towers”. With its sister company, Awash Insurance Company S.C.

Source: The Reporter