As of December 2024, Ethiopia's banking sector comprises 28 commercial banks, including the state-owned Commercial Bank of Ethiopia (CBE).
Here are some of the prominent commercial banks operating in Ethiopia:
Commercial Bank of Ethiopia (CBE) Addis Ababa, Ethiopia Established in 1963, CBE is the largest and oldest bank in Ethiopia, with over 1,940 branches nationwide.
Awash International Bank Addis Ababa, Ethiopia Founded in 1994, Awash Bank is one of the leading private banks, offering a wide range of financial services across its extensive branch network.
Dashen Bank Addis Ababa, Ethiopia Since its inception in 1995, Dashen Bank has been a major player in Ethiopia's banking industry, known for its innovative banking solutions.
Bank of Abyssinia Addis Ababa, Ethiopia Established in 1996, Bank of Abyssinia provides comprehensive banking services and has a significant presence across the country.
Nib International Bank Addis Ababa, Ethiopia Operating since 2003, Nib International Bank offers a variety of financial products and services through its growing branch network.
In June 2024, the Ethiopian government approved a bill permitting foreign banks to establish local subsidiaries and allowing foreigners to invest in domestic banks. This move aims to liberalize the economy and enhance the banking sector's competitiveness.
The National Bank of Ethiopia (NBE) oversees the licensing and regulation of these banks, ensuring the stability and integrity of the financial system.
The Ethiopian banking sector is experiencing significant growth and transformation, with the introduction of new banks and the anticipated entry of foreign banks expected to enhance competition and service quality.
Here are some of the prominent commercial banks operating in Ethiopia:
Commercial Bank of Ethiopia (CBE) Addis Ababa, Ethiopia Established in 1963, CBE is the largest and oldest bank in Ethiopia, with over 1,940 branches nationwide.
Awash International Bank Addis Ababa, Ethiopia Founded in 1994, Awash Bank is one of the leading private banks, offering a wide range of financial services across its extensive branch network.
Dashen Bank Addis Ababa, Ethiopia Since its inception in 1995, Dashen Bank has been a major player in Ethiopia's banking industry, known for its innovative banking solutions.
Bank of Abyssinia Addis Ababa, Ethiopia Established in 1996, Bank of Abyssinia provides comprehensive banking services and has a significant presence across the country.
Nib International Bank Addis Ababa, Ethiopia Operating since 2003, Nib International Bank offers a variety of financial products and services through its growing branch network.
In June 2024, the Ethiopian government approved a bill permitting foreign banks to establish local subsidiaries and allowing foreigners to invest in domestic banks. This move aims to liberalize the economy and enhance the banking sector's competitiveness.
The National Bank of Ethiopia (NBE) oversees the licensing and regulation of these banks, ensuring the stability and integrity of the financial system.
The Ethiopian banking sector is experiencing significant growth and transformation, with the introduction of new banks and the anticipated entry of foreign banks expected to enhance competition and service quality.