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.
Awash Bank announced significant financial achievements at its 29th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, reflecting its continued growth and resilience.
Awash Bank has announced a record unadjusted profit before tax of Birr 22 billion for the fiscal year ending July 7, marking a 113 percent increase, equivalent to Birr 12 billion birr, compared to the previous year.
Awash International Bank (AIB) is going to launch its advanced CORE banking system in September 2014. The advanced system is said to introduce new services.
