Search results for “Bank of Abyssinia”

26 results

Capital Market
Bank of Abyssinia Becomes Sixth Company Listed on Ethiopian Securities Exchange
Bank of Abyssinia (BOA) has officially been listed on the Ethiopian Securities Exchange (ESX) Main Market, becoming one of Ethiopia’s pioneering publicly listed companies and marking another milestone in the country’s developing capital market. The listing was celebrated with a ceremonial bell-ringing event at the Ethiopian Securities Exchange, attended by representatives from the Government of
StockMarket.et28 Jul 20262 min read
Banking & Finance
ECMA Registers 18.125 Million Bank of Abyssinia Shares, Clears Rights Offer Registration
The Ethiopian Capital Market Authority (ECMA) has approved and registered the securities of Bank of Abyssinia S.C., marking an important step in aligning the bank with Ethiopia’s emerging capital market regulatory framework. In a public notice issued pursuant to Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024, the
StockMarket.et30 Jan 20261 min read
Banking & Finance
Bank of Abyssinia Deposits Surpass 300 Billion Birr
Bank of Abyssinia (BoA) has crossed a major funding milestone, with total deposits reported to have exceeded 300 billion birr, according to recent market data. The development reflects a sharp increase in deposits during the first half of the 2025/26 fiscal year and signals continued growth in customer balances. At the close of the 2024/25
StockMarket.et28 Jan 20261 min read
Banking & Finance
Bank of Abyssinia Goes Paperless Nationwide: Pioneering the Next Chapter of Ethiopian Banking
In a landmark move that sets a new precedent in Ethiopia’s financial sector, the Bank of Abyssinia has launched a fully paperless banking system across all its branches. The official unveiling took place at the bank’s state-of-the-art Ras Leyu Branch, with prominent figures in attendance, including the Governor of the National Bank of Ethiopia, Ato
StockMarket.et29 Jul 20251 min read
Banking & Finance
Abay Bank Joins Growing List of Ethiopian Banks Registered with Capital Market Authority
Ethiopian Capital Market Authority has approved the registration of securities for Abay Bank S.C., marking another milestone in the development of Ethiopia’s emerging capital market ecosystem. In a notice issued on Monday, the Authority announced that it had approved Abay Bank’s Registration Statement in accordance with Articles 4 and 29 of the Public Offer and
StockMarket.et11 May 20262 min read
Capital Market
Why Bank-Only Financing Is Holding Ethiopia Back And How Capital Markets Change Everything
On a Friday morning in January 2025, Prime Minister Abiy Ahmed walked onto a trading floor in Addis Ababa and rang a bell. There were no traders shouting on the floor. There was no opening tick of a long-running ticker. There was, in fact, only one company listed, Wegagen Bank and the screens behind him
Yesuf Hadji4 May 202610 min read
Capital Market
Major Banks Advance Toward Listing on Ethiopian Securities Exchange Main Market
The Ethiopian Securities Exchange (ESX) has announced significant progress in its listing pipeline, with several major financial institutions moving closer to joining the Exchange’s Main Market. In an official update, ESX confirmed that leading banks have received “Approval in Principle” (AIP) to list their shares, marking a key milestone in Ethiopia’s emerging capital market. Among
StockMarket.et14 Feb 20261 min read
Banking & Finance
Hibret Bank Taps Former Lion Bank President Negusu Gebregziabher for Top Role
Hibret Bank’s board of directors has nominated Negusu Gebregziabher as its next president, subject to regulatory approval by the National Bank of Ethiopia (NBE). Negusu, currently a senior advisor to the President of Bank of Abyssinia, is set to take over from Tsigereda Tesfaye, who has served as acting president since August 2024. Her appointment,
StockMarket.et24 Jul 20251 min read
Ethiopian Banks Climbing in African Top 100 Rankings
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Ethiopian Banks Starting International Prepaid Debit Cards
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Deep Dive
The Role of Capital Markets in Ethiopia’s Economic Transformation
For the past five decades, banks have been a one-stop shop for Ethiopian businesses to get financing. Before this, Ethiopia had a short-lived stock market in the 1960s and early 1970s called the Share Dealing Group, which operated under the imperial regime. Following the Derg regime, the financial system that followed consolidated almost entirely around
Meti Kumera15 Jul 20267 min read
Capital Market
The Sleeping Giant Wakes: How Ethiopia Could End Up With Africa’s Most Liquid Capital Market
On the morning of July 11, 2025, a country of roughly 135 million people, the second-most populous in Africa, officially opened its first organized securities exchange. It was a surprisingly understated moment for something this significant. The Ethiopian Securities Exchange (ESX) had, in essence, taken 51 years to arrive. Ethiopia once had a small share-trading
Yesuf Hadji22 May 202610 min read

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