Abyssinia Bank has announced that it disbursed over USD 349.94 million in loans during the current fiscal year to help alleviate Ethiopia’s foreign exchange shortage and support the country’s import trade.
Abyssinia Bank has announced that it earned Birr 10.1 billion in unaudited profit during the 2024/25 fiscal year. This represents a 91.4 percent increase compared to the previous fiscal year. The announcement was made during the Bank’s 29th Annual General Meeting of Shareholders.
Abyssinia Bank and Visa have signed a five year strategic partnership agreement aimed at accelerating digital payments in Ethiopia.
Bank of Abyssinia’s President Addisu Haba resigned from his position and Vice President of Operations, Mulugeta Asmare, replaced him as an acting President from Monday, September 01, 2014.
Bank of Abyssinia (BoA) bought a 15 storey 60 percent finished building from Saca Plc, a sister company of Ayat, for 400 Million Birr.
