Founded as the very First Private Commercial Bank in 1995, Awash Bank was established by 486 founding shareholders with a paid-up capital of Birr 24.2 million and started banking operations on Feb. 13, 1995. As of June 2017 the number of shareholders and its paid-up capital increased to over 3,700 and Birr 2.6 billion respectively. Share holders have decided to raise the authorized capital to Birr 6 billion and the paid-up capital to Birr 3 billion within the next two years. As of June 2017, our total assets reached Birr 42.2 billion. with over 370 branches across the country, Awash bank continues to be the leading private commercial Bank in Ethiopia in terms of Branch networks.
Awash Bank is a bank that has thrived over 24 years in a rapidly evolving market and economy. Having grown from humble beginnings with visionary intent, we are the first private bank in Ethiopia to exceed a billion profit mark in the history of Ethiopian Private Banks in the financial year 2015/16.
Since inception, we have expanded through a combination of substantial organic growth and an enhanced customer service excellence.
What We Do?
We are a commercial bank that provides diverse range of financial products and services to a wholesale, retail and SME clients base in Ethiopian Market and aspired to expand to East African Markets.
Awash Bank focuses on delivering distinctive profitable solutions for its clients in all core areas of commercial banking.
Our strategic goals and objectives are based on the aspiration of:-
- To be the core bank to our clients, deepening and broadening strategic relationship in the market.
- To be the number one bank for accessibility, innovative products and diversity of customer focused banking services.
Our Vision and Mission Statements
Vision : “To be the First Choice World Class Bank”
Mission: “To provide Innovative, Competitive and Diversified banking services accessible to the society with qualified and committed staff in a profitable and socially responsible manner”
Our Core Values
A – Accessesibility – Easy to our customers to obtain and use our products/services
W – Wisdom – Integrating experience, excellence leadership and good judgment
A – Accountability –Willingness to take responsibility for individual and team action
S – Social Responsiveness-Commitment to ensuring a sustainable future
Giving back to the Society
H Honesty – Absence of unethical practices: Including the must know –someone syndrome
