Abay About us
Best-in-class banking service
We see ourselves as the
Catalyst for growth, the source that Empowers people, the driving engine to unlock their full potential and reach heights they never thought possible.
Establisment
Abay Bank SC, established on July 7, 2002 Ethiopian Calendar, is a leading financial institution in Ethiopia. The bank started its official operations on October 25, 2003 Ethiopian Calendar, with a subscribed capital of Birr 174.5 million and a paid-up capital of Birr 125.8 million. The bank’s founding members were 823, and as of December 31, 2023, the number of shareholders has increased to 4,479. The bank’s paid-up capital has also increased to Birr 5.2 billion.
OUR VISION
To Become the First Bank of Choice
The Abay River presents a wealth of opportunities for harnessing its power to drive economic growth and development in Ethiopia
Ethiopia’s Great Abay River, also known as the Blue Nile, holds a significant place in the country’s natural landscape and cultural heritage. The river’s majestic presence not only captivates onlookers with its beauty but also represents a source of immense potential for the development of Ethiopia as a nation.
The Great Abay River, originating from the Ethiopian highlands, flows through the heart of the country, carving its way through rugged terrain and lush landscapes. As one of the major tributaries of the Nile River, the Abay holds historical, economic, and ecological importance for Ethiopia.
OUR MISSION
“Providing Best-in-class banking services and adding value for stakeholders.”
Our unique identity is rooted in our contemporary operations and accessibility, complemented by our steadfast commitment and devoted service.
Just as the Nile symbolizes a source of national pride for Ethiopians, our bank stands as a beacon of pride for its clientele. Similar to the Nile’s pivotal role as an economic cornerstone shaping the future of the nation, Abay Bank serves as the backbone supporting numerous enterprises. Just as the Nile embarks on a timeless and prosperous journey, our bank progresses in sync with the era, refining its operations and knowledge, emphasizing customer-centric services, and forging ahead on a path of advancement. Just as the Nile epitomizes our stature, magnificence, and unity, Abay Bank reflects this essence and fosters greatness and unity. As a dependable service provider, our bank drives growth by strengthening capital reserves to ensure the delivery of secure and dependable banking services while funding various sectors to stimulate job creation.
CORE VALUES
We respect our customers and we care most about their satisfaction We excel customer expectation in our services
We recognize achievement, we promote skill and professional development, we promote engagement and creating conducive working environment.
We highly appreciate working collaboratively in order to achieve common cause We bring together different skills to create synergy
We are committed to develop and implement new and or significantly improved products, services and processes.
We are committed to promote strong moral principles, trust and honesty We are committed to abide by the laws and regulations of the country We accept responsibility on our actions We discharge our Social responsibility
Corporate Governance
Abay Bank is governed by Board of Directors who are elected by the General Assembly. The Board has been exerting its leadership for the Bank to become an all-inclusive bank providing accessible and affordable financial services, and in the process, generating great shareholder value.
Top Management
The Bank’s Management comprises of highly skilled and experienced personnel. The Bank has been continuing with aggressive capacity building through staff training and development programs. The first critical success factor of the bank is about an organizational culture that values people, enhances performance and supports the business. The number of employees of the Bank has reached over 8,626 /Eight Thousand Six Hundred Twenty Six/as of June 30, 2023.
Abay holds a significant place in the country’s natural landscape and cultural heritage.
Ethiopia’s Great Abay River, also known as the Blue Nile, holds a significant place in the country’s natural landscape and cultural heritage. The river’s majestic presence not only captivates onlookers with its beauty but also represents a source of immense potential for the development of Ethiopia as a nation.
The Great Abay River, originating from the Ethiopian highlands, flows through the heart of the country, carving its way through rugged terrain and lush landscapes. As one of the major tributaries of the Nile River, the Abay holds historical, economic, and ecological importance for Ethiopia.
Please feel free to get in touch with us
Jomo Kenyatta, avenue, Ziquala Complex, 2nd floor Addis Ababa, Ethiopia