Ahadu Bank was founded in 2021 by 17 organizing committee members and brought together more than 10,000 shareholders with a paid-in capital of 564 million and a signed capital of 702 million. Today, July 16, 2022, in the presence of senior government officials, the bank’s shareholders and invited guests, at the bank’s headquarters. Home (Flamingo Front Sunshine Building) officially the work it has started its work.
The guest of honor and governor of the National Bank of Ethiopia, Mr. Ynager Dese Ahadu, who attended the official launch program of the bank and spoke, said that the Bank’s new ideas in technology make it a bank that keeps up with the times. He said that the support of the National Bank to make the bank accessible to Ethiopians in rural areas is essential.
Ahadu Bank aims to become a leader in the financial sector in Ethiopia in 2025 with the aim of ensuring prosperity for the people and the country.
Ahadu Bank today opened branches in Ledata Geja neighborhood and African Union area, apart from its head office in Flamingo, and it is known that the number of branches will reach 50 by the end of September.
The chairman of the board of Ahadoo Bank, Mr. Anteneh Sebsbe, announced that he plans to achieve the minimum starting capital of 5 billion birr set by the National Bank within three years.