Amhara Bank Overview and Services

Amhara Bank is a commercial bank that provides a wide range of services to its customers. It was established in 1996 as a subsidiary of the Amhara National Regional State.

One of the key services offered by Amhara Bank is its deposit services, which include savings accounts, current accounts, and fixed deposits. These services are designed to help customers manage their finances effectively.

Amhara Bank also offers a variety of loan products to its customers, including personal loans, business loans, and mortgage loans. The bank has a strong focus on supporting small and medium-sized enterprises (SMEs) in the region.

The bank's customer service is available 24/7, making it convenient for customers to access their accounts and conduct transactions at any time.

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Amhara Bank is a share company with over 191,000 shareholders contributing birr 4.8 billion in paid-up capital and birr 6.5 billion in signed capital.

The bank's diversified ownership is reflected in its ability to work together to develop a successful business venture and commercial bank service.

Amhara Bank has a unique presence and value proposition, focusing on service inclusiveness, innovation, community & customer focus, and aims to provide an excellent service that appeals to the ever-diversifying and growing needs of customers.

Our bank is led by an experienced team of executives who oversee various aspects of the business.

Chanyalew Demissie serves as the Chief Executive Officer, responsible for making key strategic decisions.

Bizuayehu Siyoum is the Chief Banking Business Officer, overseeing the bank's banking operations.

Endalish W/Michael is the Chief Strategy & Innovation Officer, driving innovation and growth initiatives.

Amhara Bank is a share company with over 191,000 shareholders contributing birr 4.8 billion in paid-up capital and birr 6.5 billion in signed capital.

The bank's diversified ownership structure is a testament to its ability to work together to develop a successful business venture and commercial bank service.

Amhara Bank S.C is one of the private commercial banks in Ethiopia, aiming to create a significant impact in the manner in which banking services are delivered.

The bank focuses on service inclusiveness, innovation, community, and customer focus, using state-of-the-art technology to provide a unique presence and value proposition.

Amhara Bank aims to provide an excellent service that appeals to the ever-diversifying and growing needs of customers, deploying the best technology, standards, processes, and procedures.

The bank's commitment to values and unshaken confidence is reflected in its promise to provide a secure, responsive, dynamic, and conducive banking atmosphere to customers.

Amhara Bank is enthusiastic in discharging its Corporate Social Responsibilities, playing its part in facilitating savings, investment, job creation, and economic growth.

Amhara Bank offers a range of convenient services, including checking your balance, transferring money, and viewing your account statement.

You can check your balance, transfer money, view your account statement, control your progress, and pay bills online with Amhara Bank. Mobile applications, balance inquiries, USSD applications, mobile top-ups, and money transfers are also available.

The bank offers various savings options, including Personal Saving, Women Saving, Youth Saving, Teen Saving, Education Saving, and Diaspora Fixed Time. The interest rates for these options are 10% for Personal Saving and Diaspora Fixed Time, 8% for Women Saving, Teen Saving, and Education Saving, and 13% for Youth Saving.

Additional reading: What Is Personal Banking

Amhara Bank offers a range of services that make managing your finances a breeze. You can check your balance, transfer money, view your account statement, control your progress, and even pay bills online.

The bank's mobile application is a convenient way to access your account information on the go. With it, you can check your balance, mobile top up, and even transfer money.

The bank's interest rates vary depending on the type of savings account you have. Here's a breakdown of the interest rates offered by Amhara Bank:

Amhara Bank's project office address is located on the 2nd floor of Bloom Tech Building, next to Jupiter International Hotel, in Kazanchis, Addis Ababa.

To purchase shares, you can visit Abay Bank, Abyssinia Bank, Dashen Bank, Bunna Bank, Awash, or Commercial Bank of Ethiopia.

If you want to stay up-to-date on the latest news and updates, be sure to check out Amhara Bank's social media page.

In Ethiopia, the exchange rate for various currencies can be found on the Amhara Bank's exchange rates page, alongside rates for all other banks in the country.

The exchange rate for USD is currently 124.90 for buying and 127.39 for selling, with a difference of ± 2.49.

You can also buy GBP for 155.47 and sell it for 158.58, with a difference of ± 3.10.

Similarly, the exchange rate for EUR is 128.84 for buying and 131.42 for selling, with a difference of ± 2.57.

If you're planning to make international transactions, you'll need to know the exchange rates for other currencies like CAD, AED, and SAR.

Here's a quick rundown of the exchange rates for these currencies:

To open an account with Amhara Bank, you'll need to deposit a minimum of 50 USD, and you can only make deposits with USD, GBP, or EUR.

Amhara Bank has shown impressive growth in its market performance. The bank's total assets have increased by 15% in the past year, reaching a staggering 120 billion ETB.

With a strong presence in the Amhara region, the bank has been able to expand its customer base and increase its market share. Amhara Bank now serves over 1.5 million customers.

The bank's net profit has also seen a significant increase, rising by 20% to 4.5 billion ETB. This growth is a testament to the bank's effective management and strategic planning.

Amhara Bank's loan portfolio has grown by 18% in the past year, reaching 60 billion ETB. This expansion of lending services has enabled the bank to support more businesses and individuals in the region.

The bank's deposit base has also increased, with a growth rate of 12% in the past year. This growth in deposits has helped the bank to maintain a stable liquidity position and support its lending activities.

Amhara Bank is inviting competent and qualified candidates to apply for various positions on a permanent basis.

The bank offers competitive salary, excellent working environment, and opportunities for learning and career development.

There are many factors customers consider when deciding whether a bank is good or not.

The Ethiopian banking system consists of around 1 state-owned development bank, 1 government-owned commercial bank, and 16 private banks, including Amhara Bank.

Commercial Bank of Ethiopia (CBE) holds more than 60 percent of total bank deposits, bank loans, and foreign exchange.

NBE controls the bank's minimum deposit rate, which now stands at 7 percent, while loan interest rates are allowed to float.