Bank of Abyssinia

About Bank of Abyssinia S.C

On 15 February 1996, ninety years to the day following the establishment of the first Bank of Abyssinia, a new privately-owned bank with this historic name, but otherwise not connected with the older bank, came into existence.

The subscribed capital of the new Bank of Abyssinia (BOA) was Birr 25 million and its authorized capital Birr 50 million, with 131 shareholders, all Ethiopian. It gives BOA’s Management great pleasure to say that the Bank has since made great strides, for it now boasts the following: (June 2010)

A subscribed capital of Birr 315 million, an authorized capital of Birr 630 million, and a paid-up capital of Birr 445.74 million (including special and legal reserves).
A total of 1,319 shareholders, Over 260,000 customers. An overall deposit of Birr 5.14 billion; a single borrower limit of birr 111 million and has already extended Birr 3.1 billion as loans and a total of 51 branches.

Vision Statement
As “Abyssinia” is the ancient name of our great nation and that of the pioneer bank of the land, Bank of Abyssinia’s vision is to live up to this legacy through continuous innovation and provision of world -class banking services.

Mission Statement
The mission of Bank of Abyssinia is to provide full fledged domestic and international banking services through qualified and motivated employees, utilization of modern technology, and through socially and ecologically responsible practice, as well as ensuring profitability and growth.

Values Statement
We at Bank of Abyssinia are guided by the following values:

Integrity, Honesty and Loyalty
Customer Service
Commitment
Employee Satisfaction
Good Corporate Governance
Social Responsibility
Innovation
Fair Return to Shareholders

BOA currently offers the following standard services:

• Overdraft Facilities
• Term Loans
• Merchandise Loans