Finance
List of Commercial bank in Ethiopia.
Ethiopia’s banking sector plays a crucial role in the country’s economic landscape, characterized by a mix of public and private banks that provide a range of financial services to individuals and businesses. With a focus on fostering economic growth and development, the sector has seen significant expansion and modernization in recent years. Efforts to improve financial inclusion, coupled with regulatory reforms and technological advancements, are shaping the sector’s evolution, making it a key driver of Ethiopia’s economic transformation.
Ethiopian Banking Sector: A Catalyst for Economic Growth and Financial Inclusion
The Ethiopian banking sector, among the fastest-growing in Africa, plays a pivotal role in the nation’s economic development. It features a diverse mix of state-owned and private banks, offering a broad array of financial services including savings, loans, and investment products to individuals and businesses. Once dominated by state institutions, the sector has progressively welcomed private sector participation, enhancing competition and driving innovation. With a strong focus on financial inclusion, Ethiopian banks are extending their services to underserved and rural populations. The sector is also embracing digital advancements, such as mobile and online banking, to improve service delivery and accessibility. As the Ethiopian government continues to pursue economic reforms and financial liberalization, the banking industry is set for further expansion and deeper integration into the global financial arena.
| Bank Name | Bank Sector | Headquarters | Bank revenue(ETB) | bank Revenue(USD) | Contact Details |
| Commercial Bank of Ethiopia (CBE) | State-owned | Addis Ababa | 163.2 billion | 2.82 billion | +251 11 372 6144 |
| Awash International Bank (AIB) | Private | Addis Ababa | 14.6 billion | 0.25billion | +215 33313290/73 |
| Dashen Bank | Private | Addis Ababa | 18 billion | 0.31billion | +251 445 25369 |
| Bank of Abyssinia | Private | Addis Ababa | 22.7 billion | 0.39billion | +251 256 8965 |
| Addis International Bank | Private | Addis Ababa | 159.6 million | 2.76million | +251 15183981 |
| Bunna International Bank | Private | Addis Ababa | 1.35 billion | 0.02billuion | +251 11 554 9800 |
| Berhan International Bank | Private | Addis Ababa | 505.6 million | 0.034million | +257-1236 1805 |
| Enat Bank | Private | Addis Ababa | 543.6 million | 34.99million | +251 11 663 0127, |
| Lion International Bank | Private | Addis Ababa | 4.7 billion | 0.081billion | +251 11 662 60 00/60 |
| Hibret Bank | Private | Addis Ababa | 3.06billion, | 0.05billion | +251 115 1582 |
| Wegagen Bank | Private | Addis Ababa | 5.1 billion, | 0.08billion | +251 11 465 52 22 |
| Cooperative Bank of Oromia | Cooperative | Dire Dawa | 35.1 billion | 0.6billon | +251 11 552 3520 |
| Oromia International Bank | Private | Addis Ababa | 2 billion | 0.034billion | +251 11 515 0229 |
| Debub Global Bank | Private | Addis Ababa | 277.16 million | 4.79million | +251 459 4117/647 |
| Zemen Bank | Private | Addis Ababa | 5.74 billion | 0.09billion | +251 8968 559 |
| Development Bank of Ethiopia (DBE) | State-owned | Addis Ababa | 6.4 billion | 0.11billion | +251-115 51 11 88/89 |
| ZamZam Bank | Private | Addis Ababa | 24.1 million.. | 0.41million | +251 896 65563 |
| Hijra Bank | Private | Addis Ababa | 3.06 billion | 0.05billion | +251 256 5896 |
In conclusion, Ethiopia’s banking sector is a dynamic and integral part of the country’s economic development. With a blend of state-owned and private banks, the sector offers diverse financial services that support both individuals and businesses. Recent expansions and modernization efforts, driven by a focus on financial inclusion and technological advancements, are positioning the sector as a key player in Ethiopia’s economic transformation. As regulatory reforms continue to enhance the sector’s stability and growth potential, Ethiopian banks are well-equipped to contribute significantly to the nation’s prosperity and integration into the global financial system.
