Awash Bank is named the best bank in Ethiopia by Global Finance magazine for 2024, further solidifying its position among the top financial institutions on the African continent. This recognition places Awash Bank within the elite group of the 36 leading banks across Africa.
Awash International Bank S.C. (AIB) launched a new core banking system called Fusion Banking Essence (FBE). This system replaced the previous one dubbed Bank Master.
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.”
Awash Bank’s CEO Tsehay Shiferaw and CIO Yohannes Merga signed a partnership agreement with Service Cops, a Ugandan financial technology (fintech) firm, on April 25, 2022 at the headquarters of Awash. The partnership will realise the bank’s digital strategy by creating a variety of digital payment solutions in various service sectors.
Awash Bank announced a strong financial performance for the 2023/24 fiscal year, reporting a gross profit of Birr 11.6 billion.
