Amhara Bank S.C. According to the Ethiopian Commercial Code, adopted in 1960, Banking Sector Proclamation No. 592/2008 and NBE Directive No. 592/2008 are in the formative stage. From SBB/50/2011. The name of the bank, Amhara Bank S.C., was officially registered with the Ministry of Trade.
Amhara Bank S.C is a newly founded bank that has been authorized by the National Bank of Ethiopia (NBE) to begin selling its shares to the public. A few months ago, the process of setting up the bank began, when a committee chaired by Melaku Fenta, former head of the Ethiopian Revenue & Customs Authority (ERCA) and headed by Mesenbet Shenkute, Addis Ababa Chamber of Commerce & Sectoral Associations president, and a former bank executive with years of experience.
Amhara Bank S.C. From the start of the sale in August 2019 to the date of publication of this article in September 2020, with the participation of more than 160,000 signatories: 6,400,000,000.00 (six billion three hundred). It has signed a subsidized capital of over one million birr and is preparing to join the banking sector with a capital of over 4,900,000,000.00 (four billion seven hundred million birr) in cash.