Ecuador
1. Banco Amazonas :
We are the result of private entrepreneurship in Ecuador since 1975 has ensured transparency and solvency , safety and profitability of our customers. We understand the need to develop mutual trust between client and bank, in the context of a long-term relationship. We know it is important that the client feels comfortable with the people and the culture of the bank with which it does business. Our people are fully aware that the success of the relationship is based on understanding the needs of each client, and have the skill and ability of suggesting you the most suitable products and services to meet your requirements.
Our Vision :
Privilege profitability and asset quality over the size, and perseverance in the pursuit of efficiency and cost reduction.
Our Mission :
Specialize in certain target market segments of companies and individuals , ensuring the satisfaction and loyalty of the customer base, differentiating from competition, in quality of service, innovation and customer service.
Address : AV Amazonas 4430 Y Villalengua, Ecuador.
Website - www.bancoamazonas.com, Phone number-593-2-602-1100
2. Banco Central del Ecuador :
The Central Bank of Ecuador increased from 800 to 1000 the number of large companies that are viewed monthly to establish, among other economic indicators, the Business Confidence Index (ECI). The Monthly Survey of Business Opinion (EMOE), also expanded the sample in the sector of small and medium enterprises (SMEs) of 700-900. This research with the new number of respondents, contributes to obtain indicators of the companies forming part of the system of popular and solidarity economy.
Address : PO Box 339 Quito, Ecuador.
Website : www.bce.fin.ec, Phone number-593-2-257-2522
3. Banco de Loja :
Loja Bank opened its doors to the public , responding to the need of various sectors of society to possess a bank lojana own , that would meet the growing demand for credit in the southern region of the country. Trade , industry , agriculture , tourism, transportation, small or large investor , in short, all productive activity has been supported by the Bank of Loja. It was like a powerful shot for the local and regional growth . The phenomenon has also been given to the reverse, ie , with input from their customers also grew the Bank. It has grown and grown Loja Loja Bank . Therefore, rightly , the community calls it " the Bank of Lojanos ". The efficient service provided by the Banco de Loja to its thousands of customers , the trust receives from these, in increasing numbers , says it all . And , the service is on par with the image projected on the Collective Bank , through its entire staff , from the most modest of workers to the highest of its executives , all have a clear idea of what collaboration means providing the first bank of Loja. Studies demonstrate their desire to offer customers the best care that is available to them.
Address : Bolívar y Rocafuerte Esquina,Loja, Ecuador.
Website : www.bancodeloja.fin.ec, Phone number-593-7-257-1682
Egypt
1. Al Watany Bank of Egypt -
Since its inception in 1980, Al Watany Bank of Egypt (AWB) has been dedicated to building a sustainable energetic future for clients and corporations operating in Egypt and the Middle East.
Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets. AWB is a solid, integrated bank that has established an unrivalled network providing proven and superior services. Having been recently acquired by the National Bank of Kuwait (NBK), the acquisition is a strategic alliance with exceptional capabilities and resources that provides us with unique access to the region’s most vibrant segments in an increasingly competitive banking environment.
AWB managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio.
Being active in corporate, retail and investment banking, AWB is one of Egypt's major players of medium, and long-term financing for corporate clients, small and medium sized enterprises (SME).
AWB's range of financial services and products includes, but its not limited to, corporate finance, investment services, trade finance, commercial and residential mortgages, etc.
Capitalizing on a talented core team, AWB proactively delivers sustainable, integrated and tailored financing solutions to businesses and enterprises across the region.
We like to think of ourselves as record-breaking growth seekers and industry trend-setters rather than a typical finance provider. Crucially, AWB tailors effective solutions, maximizes performance and identifies the critical factors to ensure your investment delivers results. Our prime objective is to build customer satisfaction, create values and provide quality and professional service to deliver superior returns for all AWB shareholders.
Our market strategy implies a great deal of responsibility and commitment towards our family members, namely clients and shareholders. Accordingly, we believe long-term value creation depends on what AWB does above and beyond traditional banking. This is why we attach great importance to adopting unrivalled performance standards that are an essential part of our culture, identity and business practice.
Address : Al Fawalah, Abdin, Cairo Governorate, Egypt.
Website : www.alwatany.net, Phone number : 202-3338-8816
2. Arab African International Bank -
Our Vision
"To be the leading financial group in Egypt providing innovative services with a strong regional presence being the gateway for international business into the region."
History
Arab African International Bank was established by Special Law as a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA), and was incorporated in 1964 as Egypts first Arab multinational Bank. With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIBs shareholder base. With a history of solid banking tradition since its establishment, Arab African International Bank is Egypts fastest growing bank in terms of size and profitability, with a compounded average growth rate for deposit and loan portfolios that has consistently outperformed market norms. These growth rates substantiated AAIBs vision to become the leading Financial Group in Egypt, providing innovative services with a strong regional presence and establishing itself as the gateway for international business into the region.
The Bank saw a decade of unlimited growth - ending in 2012 allowing it to gain significant traction towards assuming a leading position among other Egyptian banks. AAIB is Egypts only Private Bank with a full-fledged presence in the Gulf region that maintains its core competency as a Corporate Bank. It is also continually taking massive strides in retail activities through expanding its product range and on the ground presence in commercially strategic locations.
From a Bank to a Financial Group
As part of its mission to offer an ever-evolving array of services to the entire region, AAIB developed new business arms to that effect. The Banks growth was propelled in 2008 with the establishment of four subsidiaries; Arab African Investment Holding (AAIH), Arab African Investment Management (AAIM), Arab African International Securities (AAIS) and Arab African International Mortgage Finance (AAIMF). The establishment of which transformed AAIB from a Bank to a full-fledged Financial Group.
Corporate Social Responsibility
Whilst undertaking a mission of achieving limitless growth, AAIBs foresight in terms of social consciousness became reality as early as 2003, with a belief that brands must be inspirational in a socially responsible manner.
AAIB embraced a transformative idea of Corporate Social Responsibility (CSR) being an engrained component of AAIBs Core Values System. Applying this with a distinctively unique approach, AAIB set the trend for Sustainable Finance with Value Creation.
Aside from being a recipient of world renowned Banking and Finance Awards throughout the past decade, AAIBs CSR and Sustainability practices were recognized in 2012 by Arabia CSR Network, who presented AAIB with a special award for being the first bank in Egypt and the region to establish its own Foundation for Social Development in Health and Education: We Owe It to Egypt.
Address : 5 Midan El Saray El Koubra, Garden City, Cairo, Egypt.
Website : www.aaib.com, Phone number : 202-2794-5283
3. Banque MISR -
Since 92 years ago, the great Egyptian economist, Mohamed Talaat Pasha Harb , come up with the concept of establishing a bank with a mission. He brought that idea into existence and presented it to the Egyptian society as a whole. This concept was based on investing national savings and directing them towards economic and social development. That bank is BANQUE MISR. During the period from 1920 to 1960, BANQUE MISR established 26 companies in various economic fields, including spinning and weaving, insurance, transport, aviation and cinema. BANQUE MISR has continued to support all its activities at a steady rate. BANQUE MISR is currently holding equities in 222 projects in various fields, aimed at serving the national economy. These projects include 12 joint venture banks, 35 industrial projects, 23 tourism projects, 27 housing projects, 35 Agri & food projects, 30 financial projects,24 Serviceing project , 16 IT and communication projects, 5 Private Equity Funds, in addition to 15 Bahagat Group projects . BANQUE MISR has also established two of the largest investment funds in Egypt.
The role played by BANQUE MISR is evident in all economic fields, thanks to its geographic spread with several branches in Egypt and abroad and in addition to its worldwide network of correspondents worldwide.
BANQUE MISR is the pioneering bank in utilizing state-of-the-art technology for banking systems and services in Egypt. BANQUE MISR has a computing center, which is one of the largest in the Middle East, connecting most of its branches with a computer network that extends to most branches in Egypt. In addition, BANQUE MISR has a large number of Automatic Teller Machines (ATMs) in most areas of the country.
Mission :
Our aim is to serve the financial needs of our customers, and play a leading role in the prosperity and development of Egypt and the countries in which we operate.
Values :
- Integrity in all our dealings
- Customer service above all else
- Excellence in everything we do
- Teamwork to get the best from our people
Vision :
To be recognised in our competing market as the leading bank for customer service and for meeting customers' needs.
Address : Banque Misr Building 151 Mohammed Farid Street, Cairo, Egypt.
Website : www.banquemisr.com, Phone number : 202-2794-5587
4. Commercial International Bank -
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt (NBE) increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till it reached 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired the NBE stake. In July 2009, Actis a leading emerging markets private equity firm, invested US$ 244 million to acquire shares in CIB. Hence, Actis acquired 50% of the stake held by the Consortium led by Ripplewood Holdings. Five months later, Ripplewood sold its remaining position of 4.7% in CIB through the open market. This move marks the successful transition of strategic partnership to be with Actis, who became the largest shareholder in CIB with a 9.1% stake.
Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. Moreover, CIB shows tremendous upside potential within the bourgeoning Retail and SME Banking markets.
CIB has been consistently awarded for its broad range of products and services on numerous occasions by international publications. So Far into 2013, CIB has been named "Best Bank in Egypt” by Global Finance for the 17th year in addition to “Best Sub-Custodian bank in Egypt” for the 5th consecutive year as well as “Best Foreign Exchange Provider bank in Egypt” and “Best Trade finance Bank in Egypt”. CIB was awarded The Best Bank Award by Euromoney Excellence Award 2013, as well as Deal of the year by The Banker. Emeafinance also, granted CIB “Best Local Bank” for the 5th consecutive year in 2012, “Best Asset Manager in Egypt” for the 2nd consecutive year. CIB has been awarded "Best Asset Manager in Egypt” and “Best FX Provider in The Middle East” by Global Investors 2012. “Best Project Finance Deal in Africa”, “Best Natural Resources Deal in Africa”, and “Best Securitisation Deal in EMEA”. Moreover, CIB has received many accolades throughout 2012 and 2011. Such awards include “Deal of the Year’ and ‘Bank of the Year’ for the 3rd time from The Banker magazine. Also, Global Trade Review has named CIB as “Best Trade Finance bank in Egypt”.
Through superior management, high operating standards, corporate governance best practices and premier training programs, CIB continues to be the most profitable commercial bank in Egypt. As of June 2013, CIB gross loan book reached EGP 46 billion, while customer deposits marked EGP 91 billion, with a paid-in capital of EGP 6 billion. The Bank has the largest market capitalization in the Egyptian Banking sector, amounting to over EGP 18 billion as of June 2013, and operates a wide distribution network of 158 outlets and more than 500 ATMs. With a full-fledged suite of products and services, along with its investment arm “CI Capital”, CIB manages to meet its clients’ financial needs with integrity and expertise.
Address : Nile Tower Building, 21/23 Charles De Gaulle, Giza. P.O. Box 2430 Cairo, Egypt.
Website : www.cibeg.com, Phone number : 202-3747- 2000
5. Crédit Agricole Egypt -
Crédit Agricole Egypt is a subsidiary of the Crédit Agricole Group, a market leader in Universal Customer-Focused Banking in France and one of the largest banks worldwide. With operations in 70 countries, Crédit Agricole Group seeks to serve the real economy by supporting its clients’ projects in all areas of retail banking and associated specialized business lines. Emphasizing its values and commitment, Crédit Agricole Group is the bank of common sense. It puts the satisfaction and the interests of all its customers, employees and shareholders at the heart of its activities. Established in 2006, Crédit Agricole Egypt has become an active player in Egypt’s financial industry offering a wide range of innovative and convenient products to its clients across the entire spectrum: Corporate, SMEs and individuals. Crédit Agricole Egypt’s key goal is customers’ satisfaction by valuing and prioritizing their best interests Thus, Crédit Agricole Egypt has created specialized segments to cater its customers’ needs by offering the sound advice and tailored financial solutions. Accessibility and customers’ convenience is a priority for Crédit Agricole Egypt that offers a nationwide network of branches and ATMs. Also, the bank is considered as a market leader in terms of electronic services by offering state-of-the-art electronic banking solutions.
Corporate Banking
Crédit Agricole Egypt is dedicated to provide large local groups, multinationals, and financial institutions with a strong and diversified expertise through a dedicated team of senior bankers. CAE's activities cover Capital Markets, Structured Finance, Investment Banking in addition to the regular Corporate Banking services.
Enterprises Banking
Crédit Agricole Egypt is committed to the success of companies, offering them special products, service offerings and advice to companies in diverse fields. Always putting customers first, specialized business centers were launched offering active account management through a dedicated team to serve companies only.
Private Banking
High net worth customers are offered a state of the art personalized service to manage and protect their wealth, drawing on the worldwide Group’s Private Banking experience and position.
Fiddle Club
Fidèle Club offers the distinguished customers a unique banking experience enhanced by priority service, preferential treatment, friendly and professional guidance tailored to fit their goals and lifestyles.
Retail Banking
Crédit Agricole Egypt presents a wide range of value-added products and services designed to meet the growing demands of its clientele, through a large network of Branches and ATMs conveniently located throughout Egypt.
Address : 4, Hassan Sabry St., Zamalek, P.O. Box: 1825, Postal Code: 11511, Cairo, Egypt.
Website : www.ca-egypt.com, Phone number : 202-2728-1800
6. Egyptian Gulf Bank -
In the Egyptian Gulf Bank, we are different because our success is built on teamwork, partnership and diversity of our staff’s background. EGB was established in October 1981, under the investment law 43/1974 and its amendment licensed to conduct a full range of commercial banking services in both Egyptian Pounds and Foreign currencies.
The shareholding stakes of the bank are a mix of Gulf participants, Egyptian private investors, institutional investors and public offerings. EGB is also a member of the COMESA Bankers’ Association, and the International Finance Inc. We therefore aim to be the bank of choice for corporate and institutional clients in Egypt and the surrounding region. We are a private bank and sustain a domestic network of 16 branches, covering Cairo, Alexandria, Mansoura, 10th of Ramadan, 6th of October city and Assiut.
Vision of the Bank
"To be viewed by the community as the best financial services provider in Egypt."
Mission Statement
"To maximize shareholders value, deliver superior products and services to our customers, encourage staff loyalty and true potential, and play a caring role in the community."
- We are committed to definitely take lead in initiating best practice in our market.
- We commit our expertise to provide customized solutions to meet the aspirations and requirements of high net- worth clients and ensure their success.
- As we grow we recruit and retain the best staff and value every individual for the strengths they give to the bank.
- We believe that excellence and our deep local knowledge fuels creativity and innovation supporting the development of new products and services to our customers.
- We continuously renovate the way we work while keeping a firm hand on cost and averting risks. We aim at making a difference in the communities we are in by bringing our values alive and sharing them with the people.
Address : Address: El Orman Plaza Building, 8, 10 Ahmed Nessim St., Giza, Egypt.
Website : www.egbbank.com.eg, Phone number : 202-3336-8359
El Salvador
1. Ahorromet Scotiabank :
The Bank of Nova Scotia (Scotiabank) was founded in 1832 in Halifax, Nova Scotia, Canada, to support the inter-oceanic trade flourishing in Britain, North America and the West Indies. The Bank quickly assigned agents to New York, Boston and London, revealing what their aspirations in the international arena. By the end of 1800, Scotiabank had expanded to the United States and Jamaica, and in early 1900 he had established a network of branches across Canada. Mergers with four banks between 1882 and 1919 accelerated this expansion. Scotiabank opened its first branch in Central America in Belize City, Belize, in 1968. Later, in 1974, did the same in Panama City, Panama.
The Bank was established in Costa Rica in 1995 and in El Salvador in 1997. In 2000, Scotiabank Group's presence began to be felt more in Central America, through the banks in which it has majority ownership: Scotiabank Scotiabank El Salvador and Costa Rica. Scotiabank El Salvador, SA has its origins on October 8, 1997, the date on which formalizes the strategic alliance between The Bank of Nova Scotia, an international bank with over 170 years of experience and a presence in over 50 countries around the world and Metropolitan Savings SA (Ahorromet), a financial institution with over 25 years experience in the local market. ScotiabankIn January 2005, Bank of Commerce and Scotiabank El Salvador El Salvador bind operations and integrate their strengths to be a single bank. This new merger will offer customers a better bank, with greater coverage, stronger and closer to your needs. Thanks to the merger, the new Scotiabank El Salvador offers international standards of excellence.
Address : Financial Center No. 1230 North 25th Avenue, San Salvador, El Salvador.
Website : www.scotiabank.com.sv, Phone number - 503-2250-1111
2. Banco Agrícola Comercial :
Our Mission
We are the leading partner for our clients in meeting their financial needs with innovative products and a high level of efficiency and service through a team of dedicated, motivated and high performance. We create value for our customers, employees, shareholders and the community.
Our Vision
Being an organization committed to excellence, that meets the customers' financial needs with innovative
solutions.
History
It was not easy, took a lot of effort, long hours of work and overcoming obstacles, as always happens with the works that will be great. But there was a visionary and tenacious spirit in an admirable man: Don Luis Escalante Arce. Founder of Commercial Agricultural Bank. It was on March 24, 1955 when they opened the doors of a new bank, which was located in San Salvador, on Fifth Avenue South No 124. Started its operations with a capital of one million colones, contributed by 24 shareholders, and working capital consisting of 14 employees. His motto was: "A progressive bank serving a progressive country" and the genius and entrepreneurial vision of Don Luis, made this slogan a reality in the short term because the boost popular saving mode, designed to benefit the industry ladies informal trade markets, small traders and employees of the simplest levels, made possible strengthening and growth soon. The resourcefulness and financial skills of Don Luis were huge. Under his administration were founded in 1956 in San Salvador, Cuscatlan Conception and Agencies and the first Agency in Sonsonate department, then opened other agencies to meet the needs of their respective localities. Since its founding, Agricultural Bank offers a sense of service remarked, completely changing the banking concept in El Salvador. Opens its doors with a very different schedule to reduced customer service spaces offered by the other banks. But not only the times were different there was a complete strategy behind new provision and that, for all surprising: this new bank savings accounts allow people who, by their income and occupation, did not qualify for it. It is noteworthy that, in addition, customers were offered the service at Home Box which was that in the afternoon, an employee of the bank would collect their remittances, in his book anotándoles saving the amount entered. Later this service was extended in a small armored vehicle for customers who were located farther and whose deposits would be higher. Another innovation was the "Death Benefit Family by" that resulted as insurance for the family of deceased saver. Then and always seeking to serve the majority, Agricultural Bank launches another new product: Personal loan that became the solution for thousands of Salvadoran families who needed to cover an emergency or a specific need. At that time the family or personal credit focused labor sector was unknown as banks directed their loans to agriculture, industry and trade. Among all the banking services over time were innovating in the country, provided the Agricultural Bank were the most advantageous for customers and that placed him at the head of the banking system. On March 7, 1980 all banks were nationalized Salvadoran financial system, this process had as objectives to democratize credit, allowing employees to participate in social capital and financially support land reform. Nationalization, in general, was in force during the decade of the 80's, and it was not until 1989 that redefined the Salvadoran banking targets and agreed:
Strengthen and stabilize financial institutions and then privatize.
Depoliticize the financial system in order to stimulate investment in their institutions. By releasing the financial market, generating an efficient, competitive and profitable.
To contribute to the economic stability of the financial market.
Contribute to economic stability, reducing inflationary pressures and strengthening domestic savings.
After the nationalization of banks is entered stage of renewal and re-privatization. It is worthwhile to mention the excellent work that this time he developed the then President of the Agricultural Bank, Mr. Ramón González Giner, preparing to resume walking with a clear objective: to regain the lead bank El Salvador and why not also outdoors.
In May 1992 he joined as President of the bank, Mr. Archie Baldocchi who with his broad vision and clear financial goal of being the best bank in El Salvador and Central America, was able to expand banking services nationally and internationally, opening service points in major cities of the country, modern building agencies and creating innovative virtual agencies. At the regional level the bank's assets expanded by Banpro in Honduras, in Nicaragua and Caley Dagnall opened the branch in the city of Panama. Furthermore Agricultural Bank was consolidated as leader serving corporate banking. It began operations in major cities of the United States including Los Angeles and San Francisco in California. It also created the Financial Conglomerate Banagrícola. Another advance in services was implementing ATM and later disposing Virtual Banking edge banking technology for customer access to their accounts could occur at any time, from the comfort of your home or your work without having to commute to any agency. Created parallel media are PCbac People, PCbac Companies, ATMs and Kiosks PCbac. Now belong to the family of electronic channels: Agency 7/24, which is made up of Cash 7/24, telebank 7/24, Kiosks 7/24 and e-banking 7/24 (People and Business). To strengthen itself as a market leader, Agricultural Bank, acquired in 2000 Development Bank, which was the number five in the financial market, also, the following year consolidates its leadership acquiring Capital Bank, number six in the ranking of banks Salvadorans, is well positioned as one of the largest banks in El Salvador. In 2003, joined as president Rodolfo Schildknecht and continued with the vision to stay the course that has led Agricultural Bank to be one of the most successful banks in El Salvador and Central America. Agricultural Bank has strived every day to be the best bank in El Salvador. This determination to pursue excellence is recognized by specialized magazines and newspapers that place us in the first place, such as Euromoney, Global Finance, Latin Finance, Summa, The Banker, and The Economist Newspaper Strategy and Business and Money. Since 2004, the globalization process took a significant turn toward the Salvadoran banking internationalization, and the biggest move of this phenomenon occurred in 2006, the year in which most financial institutions announced their sale foreign banks. Major banks now operate under the direction of global significance marks as Scotiabank, HSBC, Citi Group. In this sense, Agricultural Bank announced its sale in December 2006, announcing that form part of Grupo Bancolombia, one of the largest financial groups in the South American region. In this context, Agricultural Bank remains the bank for Salvadorans, and since 2006, under the direction of Mr. Roberto Orellana Milla, as Executive Chairman, who has a long history and expertise in banking, the firm continues conviction to fulfill their business vision to be an organization committed to excellence, that meets the customers' financial needs with innovative solutions. In this context, Agricultural Bank remains the bank for Salvadorans, and under the banner of working we will move forward!, Effective October 1, 2010 Mr. Rafael Barraza became the new CEO, relieving the Eng Orellana Milla in office and position. Mr. Barraza took on this new challenge, guiding the strong leadership of the financial institution, supporting growth and saving all Salvadorans. He graduated from Rice University in the United States of America, and holds a Masters in Applied Economics from the Pontifical Catholic University of Chile. He is also a renowned economic analyst and columnist of opinion. In his professional experience highlight their positions of General Manager of the prestigious School of Economics and Business (ESEN), where he was responsible for implementing the strategic plan to position this institution internationally. Mr. Barraza very successfully served as Vice President and Central Reserve Bank of El Salvador, has also held other positions and has received several awards through the development of his work, among them are: Director of the Bank Board Agricultural, Director of the Chamber of Commerce and Industry of El Salvador, Director of the Salvadoran Foundation for Economic and Social Development (FUSADES), Governor Owner to the International Monetary Fund, Alternate Governor to the World Bank, Alternate Governor to the Bank Inter-American Development Alternate Governor to the Central American Bank for Economic Integration and was also Chairman of the Monetary Council.
Address : Colonia Roma, San Salvador, El Salvador.
Website : www.bancoagricola.com, Phone number - 503-2210-0000
3. Banco Central de Reserva :
The Central Bank will primarily intended, ensure the stability of the currency and its very purpose is to promote and maintain monetary conditions, foreign exchange, credit and financial more favorable for the stability of the national economy ".
In the same article, in letters c) to k) defines that the Central Bank is responsible for: prevent or moderate the inflationary and deflationary trends, maintain liquidity and financial stability, facilitate the development of an efficient financial system, competitive and solvent, to regulate the expansion of credit in the financial system, ensuring the normal operation of domestic and foreign payments, adjusting the level of payment methods to the development of productive activities, managing the country's international reserves and operations regime international changes, issue policies and applicable standards in monetary, credit, foreign exchange and financial coordinate their policies with the government's economic policy, and perform the activities, transactions and services that make the laws and other provisions consistent with the nature of central bank.
Address : Alameda Juan Pablo II, 15 to 17 North Avenue. PO Box (106), San Salvador, El Salvador.
Website : www.bcr.gob.sv, Phone number - 503-2281-8000
Ethiopia
1. Addis International Bank -
The word "Addis" as part of the name of Addis International Bank S.C. (AdIB) carries double meaning: 102 0921
new ideas/innovations and the first word of the capital city of Ethiopia where the Bank is born to shoulder its historic mission. The new vision and innovative ideas/approaches that were initially brewed in Addis will however be shared to potential customers all over the country through branches that will eventually be opened in the near future. AdIB is established by diversified groups of shareholders, Cooperatives, Micro Finance Institutions (MFIs), Iddirs, other business organizations and individual citizens. The major shareholders of the Bank are Cooperatives and their members. The Cooperatives are mainly engaged in the provision of financial services, export business, manufacturing and services.The members of the major shareholders are mainly low and middle income citizens. The Micro Finance Institutions also address the financial needs of the "Unbanked" citizens. AdIB endeavors to be an inclusive Bank that addresses the financial needs of different income groups in the country. It has the plan to penetrate the huge market that host low and middle income people through Cooperatives and Micro Finance Institutions. AdIB will expand its operating by opening new branches at market centers within and outside Addis.
Vission
Destined to be the leading inclusive Bank in Africa.
Mission
To provide efficient and effective full-fledged banking services by utilizing qualified, honest and motivated staff and state-of-the-art technology and thereby optimizing shareholders’ interest.
Core Values
- Corporate Social responsibility
- Creativity and innovation
- Professionalism
- Highest personal standards of integrity at all levels
Address : Haile G/Selliassie Street, Zequla Complex Bldg, Addis Ababa, Ethiopia.
Website : www.addisbanksc.com, Phone number : 251-115-549800
2. Awash International Bank -
Awash International Bank s.c. (AIB) is the pioneer private commercial bank in Ethiopia after the downfall of the military regime and introduction of market economic policy in 1991. It was established by 486 founder shareholders with a paid-up capital of Birr 24.2 million. Licensed on November 10, 1994, it started banking operations on February 13, 1995. It was named after the popular river “Awash” which is the most utilized river in the country especially for irrigation and hydroelectric power. Awash River plays a pivotal role in the economic development of the country. The number of shareholders and paid-up capital increased continuously and currently reached over 3000 and Birr 1.2 billion, respectively. Presently Awash International Bank s.c is the first and only private bank to build and operate in its own headquarters at the hub of what is growing into the Ethiopian financial district. The twins building named “Awash Towers “built at a cost of more than Birr 217 million in collaboration with its sister company, Awash Insurance Company s.c. was inaugurated in 2010. It has also built and inaugurated its second largest complex building with basement plus G+8 in Adam town and different own buildings in Shashemene, Nekemte, Ghimbi, Harrar, Jimma and Bedessa towns. The on-going construction of G+2 building at Agaro town is well underway and will be completed at the end of 2013.
Moreover, the construction of Symbolic complex building, with G+ 10 storeys has already been commenced in one of the busiest Business Center of the Addis Ababa city in front of Lideta Church. Architectural design works for construction of Bulbula -around Saris in Addis Ababa (G+7) and Hawassa (G+6) complex buildings were also completed and the construction work will start during 2013/14. Currently, the Bank has 120 branches spread throughout the country, thus boosting the wider branch network, which makes AIB the leading private bank in branch network. All city branches and almost half of the outlying branches are providing on-line services. The Bank is on the process of replacing the existing CORE Banking system with a new one in order to improve its services and promote efficiency. Similarly, the Bank, in cooperation with NIB International Bank s.c. and United Bank s.c. has established a share company known as "Premiere Switch Solutions s.c." for the joint operation and management of Automatic Teller Machines (ATM) and Point of Sale (POS) terminals. Currently AIB has already started card banking service and providing 24/7 services through ATM Installed in various parts of the city. The service is accessible not only from AIB’s machines but also from machines installed by United Bank and Nib International Bank. This will give an edge to our customers as they can access their account from any corner of the town and outlying branches where such service is available.
Vision
"To be the strongest and most preferred Bank of the People"
Mission
"To provide modern, efficient, competitive, diversified and profitable banking services at domestic and international banking levels, to a continuously growing number of customers in a socially responsible manner."
Core Values
- Integrity
- Professionalism
- Dynamism
- Excellence
- Accountability
- Impartiality
- Team Spirit
- Social Responsiveness
Objectives
- To meet the needs of the emerging private sector for quality and dependable domestic and international
banking services;
- To expand and diversify commercial banking services in response to the growing demands of customers; and
- To contribute towards the economic and social development of the country and to operate profitably in a
sustainable manner.
Address : Ras Abebe Aregaye Street, Addis Ababa, Ethiopia.
Website : www.awash-international-bank.com, Phone number : 251-115-570000
3. Bank of Abyssinia -
On February 15, 1996 - 90 years to the day after the now-defunct but historical Bank of Abyssinia was officially established by Emperor Menelik, the new Bank of Abyssinia (BOA), which shares nothing with the former one but its name, was established. The new Bank Of Abyssinia had, of course, a humble beginning, in that its shareholders numbered only 131, its workforce 32 and had only one branch. Furthermore, its subscribed capital was only Birr 25 million, and its authorized capital Birr 50 million, whereas its paid-up capital was just Birr 18 million.
It gives BOA’s Management great pleasure to say that the Bank has since made great strides, for it now boasts the following: (June 2012)
- A subscribed capital of Birr 630 million, an authorized capital of Birr 630 million, and a paid-up capital of Birr 742 million (including special and legal reserves);
- A total of 1,381 shareholders;
- Over 2,105 employees;
- Over 331,831 customers;
- An overall deposit of Birr 6.77 billion;
- A single borrower limit of birr 174 million
- Has already extended Birr 3.9 billion as loans; and
- A total of 78 branches
Address : Ras Desta Damtew Avenue Red Cross Building, Addis Ababa, Ethiopia.
Website : www.bankofabyssinia.com, Phone number : 251-115-514130
4. Bunna International Bank -
Bunna International Bank S.C. has joined the Banking industry of Ethiopia following the favorable economic developments witnessed in the country during the last decade and the incessantly growing needs for Financial
Services. The Bank has obtained its license from the National Bank of Ethiopia (NBE) on June 25, 2009 in accordance with Licensing & Supervision of Banking Business Proclamation No. 592/2008 and the 1960’s Commercial Code of Ethiopia. The Bank officially commenced its operation on October 10, 2009 with subscribed & paid up capital of Birr 308 million and Birr 156 million, respectively. Moreover, the Bank has more than 11,200 shareholders, which makes it one of the strong and public based private Banks in Ethiopia.
Address : Arada Sub-City. City, Region : Addis Ababa, Ethiopia.
Website : www.bunnabanksc.com, Phone number : 251-111-580831
5. Commercial Bank of Ethiopia -
About CBE
- The leading bank in Ethiopia, established in 1942.
- Pioneer to introduce modern banking to the country.
- It has 684 branches stretched across the country.
- The leading African bank with assets of Birr 155 billion as on June 30th 2012.
- Plays a catalytic role in the economic progress & development of the country.
- The first bank in Ethiopia to introduce ATM service for local users.
- Currently CBE has more than 4 million account holders.
- It has strong correspondent relationship with more than 50 renowned foreign banks and a SWIFT bilateral
arrangement with 500 others.
- CBE combines a wide capital base with more than 12,800 talented and committed employees.
- Pioneer to introduce Western Union Money Transfer Services in Ethiopia.
- CBE has reliable and long-standing relationships with many internationally acclaimed banks throughout the
world
Vision
To become a world-class commercial bank by the year 2025.
Mission
We are committed to best realize stakeholders' needs through enhanced financial intermediation globally and supporting national development priorities, by deploying highly motivated, skilled and disciplined employees as well as state-of-the-art technology. We strongly believe that winning the public confidence is the basis of our success.
Values
- We value the importance of our role in national development endeavor and step-up for commitment.
- We abide by the law of Ethiopia and other countries in which we do business.
- We care about society's welfare and the environment.
- We strive to excel in our business and satisfy our customers.
- We are committed to offer quality service to our customers' and aspire to be branded with quality in the minds of our customers and the general public.
Innovation
We encourage new ideas that can improve customers' experience and the Bank's performance.
Teamwork
- We recognize the importance of teamwork for our success.
- We respect diversity of viewpoints.
Integrity
We are committed to the highest ideal of honor and integrity.
Employees
We recognize our employees as valuable organizational resources.
Public Confidence
We understand that the sustainability of our business depends on our ability to maintain and build up the public's confidence.
Address : P.O.Box 255, Addis Ababa, Ethiopia.
Website : www.combanketh.et, Phone number : 251-111-228755
6. Dashen Bank -
With only a month to go before the limitation for the acquisition of shares gets reduced from 20pc to five percent of a bank's paid-up capital, influential shareholders at Dashen Bank have yet to divest themselves of their excess shares.
After the Banking Business Proclamation, which reduced the limitation on the acquisition of shares, was ratified in 2008, the National Bank of Ethiopia (NBE) passed a directive, in August 2010, giving shareholders of existing banks, who may have acquired more than five percent of shares before the law was passed, three years to dilute their excess shares. The directive has also asked banks with such shareholders to come up with an action plan on how to dilute these shares; something which all of the banks have complied with.
The law to reduce acquisitions came about in an attempt to avoid situations in which major shareholders could influence the bank's day-to-day activities, or get undue representation as board chairmen. At the time the law was passed, some of the bigger banks, such as the Bank of Abyssinia (BoA), Wegagen, United and Dashen, all had shareholders in possession of more than five percent of shares. Since the directive most of these banks have made moves to dilute shares. Nile Insurance, which holds majority shares at Bank of Abyssinia, for example, floated a tender to divest itself of shares worth 17.7 million Br, in order to comply with the five percent acquisition restrictions. Similarly, United Bank has made sure that excess shares from its major shareholder, United Insurance, were floated as shares. Wegagen has also done the same.
Other banks in similar situations, except Dashen, have also followed suit, Dashen has four shareholders who each hold 19pc shares, including the three brothers of the Ethio-Saudi tycoon, Sheik Mohammed Al-Amoudi, and Nyala motors. None have made a move to dilute their excess shares so far, according to sources who spoke to Fortune.
Dashen, who Fortune approached four weeks ago, first admitted that no moves had been made to dilute the shares, before stating that no further comments would be made on the subject. "The matter is between us and the National Bank," the executive told Fortune.
Address : Sierra Leone St, Addis Ababa, Ethiopia.
Website : www.dashenbanksc.com, Phone number : 251-11- 4671803
7. Debub Global Bank-
Debub Global Bank S.C. (DGB) joined the finance industry as the 15th private commercial bank to provide quality banking services with enhanced customer service, higher value creation for stakeholders and to be a responsive corporate social citizen by effectively blending commercial pursuit with social responsibility. The Bank received its license from the National Bank of Ethiopia on April 20, 2012. However, it started rendering financial services on August 28, 2012 after fulfilling pre- operational requirements of the National Bank of Ethiopia (license no LLB/018/2012). DGB has initiated banking services in its Main Branch located in Addis Ababa within the Head Office Compound in Mujib Tower at Beklobet. At the date of incorporation, of the total capital subscribed by shareholders, Birr 138.9 million was fully paid in cash while the remaining balance of 128 million will be raised within 2012/13 fiscal year; thus making the total capital of the Bank Birr 266.9 million. Moreover, the Bank has planned to raise its paid up capital to Birr 1,000,000,000 in the coming 5 years.
Address : Addis Ababa, Kirkos Sub city, Woreda 04 - Mujib Tower.
Website : www.debubglobalbank.com, Phone number : 251-11-4674087
8. Development Bank of Ethiopia -
Mission Of DBE
The Development Bank of Ethiopia is a specialized financial institution established to promote the national development agenda through development finance and close technical support to viable projects from the priority areas of the government by mobilizing fund from domestic and foreign sources while ensuring its sustainability. The Bank earnestly believes that these highly valued objectives can best be served through continuous capacity building, customer focus and concern to the wider environment.
Vision Of DBE
100% Success for All Financed Projects by 2020
Values Of DBE
• Commitment to mission
• Customer focus
• Integrity
• Team work
• High value to employees
• Learning organization
• Concern to the environment
Address : P.O.Box 1900, Addis Ababa, Ethiopia.
Website : www.dbe.com.et, Phone number : 251-11- 5511188
9. Enat Bank -
Enat Bank was initiated by some of Ethiopia’s leading visionaries and businesswomen. Enat Bank’s founders
created a bank that empowers women, while providing all clients with exemplary services. We are prepared to cater
to the needs of large corporations, small businesses and all individuals. Enat believes that supporting women to
make deposits, access credit and trade services, and better manage their finances is good business. Enat Bank will
increase profits for shareholders while also supporting social causes. Our name of ‘mother’ signifies our attitude
to all clients – we want to take care of you. Enat’s 11-person board of directors (6 women and 5 men) boasts
leaders from varied economic, social banking and other business backgrounds. Over 7,000 shareholders – 64% of
whom are female – have already invested in Enat.
We stand out for our nurturing and inclusive approach. Enat staff will meet all of your banking needs, as it is led by banking professionals with extensive experience in the financial sector, distinguished careers and public service records. We are also different because of our innovative services, a market departure from the traditional. Our goal is to help you create the life you want. We do this through customized deposit services, distinct loans and superior international banking. Our advisors are ready to give you a financial tune-up and nurture your long-term goals. Whether you want to finance your child’s education or expand your business, Enat makes it happen.
Address : P.O. Box 18401, Addis Ababa, Ethiopia.
Website : www.enatbanksc.com, Phone number : 251-11-5504948
10. Oromia International Bank -
Oromia International Bank S.C. (OIB) was established in accordance with the pertinent laws, regulations and the 1960 Commercial Code of Ethiopia, by the Monetary and Banking Proclamation No. 83/1994 and by the Licensing and Supervision of Banking Proclamation No. 592/2008. Accordingly, on September 18, 2008, OIB obtained a banking business license. At the time of its establishment, OIB’s authorized capital was Birr 1.5 billion, whereas its subscribed capital was Birr 279.2 million, and its paid-up capital Birr 91.2 million. OIB began operation on October 25, 2008 by opening its first branch at the Dembel City Center. More specifically, its branch was named Bole Branch.
Vision
“To be the Bank of your first choice”
Mission
“We are committed to providing full-fledged and best quality commercial banking services within the pertinent regulatory requirement with due diligence to sustainable business while empowering the missing middle and discharging social responsibility by engaging highly qualified, skilled, motivated and disciplined employees and state-of-the- art information technology, adding real value to the shareholders interest and win the public trust.”
Core Values
- Persistence, endurance and tenacity;
- The satisfaction of its highly esteemed customers;
- Transparency, integrity and confidentiality;
- The building up of a real team spirit;
- The groom of potential successors from among its employees to all its jobs—including the managerial ones;;
- Total respect to its customers and employees;
- Highly competent and motivated human resources, who are committed to upgrading their skills by taking the
types of training that the OIB gives to them;
- Making the OIB a perpetually learning and innovative organization;
- Encouraging a sense of belonging among all its employees; and
- The upholding of corporate citizenship.
Address : Sengatera, Addis Ababa, Ethiopia.
Website : www.orointbank.com, Phone number : 251-11-5572113
11. United Bank -
Vision
The vision of United Bank is to be "The Preferred Bank" in the banking industry of Ethiopia.
Mission
UB’s mission is to render Quality Commercial Banking Services to the best satisfaction of its Customers; to enhance Shareholder value; to be one of, if not the best, employers in the industry; and, to discharge its corporate responsibilities to both the community in which it operates and the environment which it shares with the world.
Value Statement
- The customer is United Bank's lifeline
- United Bank invests in its employees and dignifies them
- United Bank is committed to quality
- United Bank is a responsible corporate citizen
- United Bank works towards profitability and growth.
- United Bank values honesty, integrity and loyalty
- United Bank lives its values
Address : P.O.Box 19963, Addis Ababa, Ethiopia.
Website : www.unitedbank.com.et, Phone number : 251-11-4655222
12. Wegagaen Bank -
Wegagen Bank is a privately owned share company which started operations on June 11, 1997 with a subscribed capital of Birr 60 million and a paid up - capital of Birr30 million.
The number of shareholders reached 2,130 while the total capital (including paid-up capital, share premium and legal reserves) reached over Birr 1.5 Billion as at March 31, 2012.
Vision
“Becoming the most preferred Bank in Ethiopia”.
Mission Statement
“To provide a wide range of quality banking services through a dynamic workforce and up-to-date IT solutions to satisfy the desires of all stakeholders”.
Principles and Values
1. Outstanding customer services,
2. Business integrity, honesty and loyalty,
3. Effective, efficient and expanding operations,
4. Strong capital and liquidity position,
5. Prudent lending,
6. Reasonable cost control discipline,
7. Fair & objective employment practices,
8. Play a responsible role in aligning objectives with those of the local communities, and
9. Commitment to comply with the spirit and letter of the Law.
Main Objectives
A) Maximizing profitability through increased efficiency
B) Enhance growing market share
C) Expanding the bank’s capital base
D) Ensuring excellence in customer services
E) Provide differentiated, varied and value added banking services
Major Services
- Accept different types of deposits,
- Grant varieties of loan facilities,
- Offer full-fledged international banking services,
- Render local and international money transfer services and
- Payment Card services through ATM and POS network.
Branch Network
Wegagen Bank has a network of 63 branches of which 28 are in Addis Ababa and the remaining 35 are located in other cities and towns of the country. Expansion of the network of branches will be pursued appropriately.
ICT (Information & Communication Technology)
Wegagen Bank is a pioneer Bank to introduce a core banking system in July 2000, thereby managed to network the Head Office organs, City Branches and some of the Outlying Branches.
At present, migration of the existing Core Banking System into a more versatile and ISO-standard solution is completed.
The Bank has also implemented a full-fledged Card Payment System, enabling its customers to get 24/7 banking services, on our ATM network, and on POS Terminals, as well.
Corporate Governance
Wegagen Bank is governed by the Board of Directors consisting of a Chairman, a Vice Chairman and seven Directors. The overall management is entrusted to the management team which comprises the President/Chief Executive Officer, who is appointed by the Board of Directors, two Vice-Presidents and twelve Department Managers.
As of March 31, 2012, the number of permanent employees of the Bank stood at 2,158 of which 1,377 were clerical, professionals & semi-professionals, holding diploma and first & second degrees.
Address : Africa Avenue, Dembel City Center, 6th floor, Addis Ababa, Ethiopia.
Website : www.wegagenbanksc.com, Phone number : 251-11-5523800
13. Zemen Bank -
The vision of Zemen Bank is to bring a new dynamism to the financial sector and banking business in Ethiopia.
Zemen Bank is :
- Proudly Ethiopian
- Professional
- Dynamic
- World class
- Inspirational
- Totally customer focused.
Our Values include :
- Upholding the highest standards
- Being progressive and innovative.
Our Personality is :
- To be challenging, spirited, provocative, ambitious and successful
- To be friendly and courteous in all our relationships.
- To our Customers :
We offer a professional partnership, trust and outstanding levels of service.
Zemen Bank stands for innovation and excellence in everything we do.
Address : Josif Tito Avenue, P O Box 1212, Kirkos Subcity, Addis Ababa, Ethiopia.
Website : www.zemenbank.com, Phone number : 251-11-5501111
1. Banco Amazonas :
We are the result of private entrepreneurship in Ecuador since 1975 has ensured transparency and solvency , safety and profitability of our customers. We understand the need to develop mutual trust between client and bank, in the context of a long-term relationship. We know it is important that the client feels comfortable with the people and the culture of the bank with which it does business. Our people are fully aware that the success of the relationship is based on understanding the needs of each client, and have the skill and ability of suggesting you the most suitable products and services to meet your requirements.
Our Vision :
Privilege profitability and asset quality over the size, and perseverance in the pursuit of efficiency and cost reduction.
Our Mission :
Specialize in certain target market segments of companies and individuals , ensuring the satisfaction and loyalty of the customer base, differentiating from competition, in quality of service, innovation and customer service.
Address : AV Amazonas 4430 Y Villalengua, Ecuador.
Website - www.bancoamazonas.com, Phone number-593-2-602-1100
2. Banco Central del Ecuador :
The Central Bank of Ecuador increased from 800 to 1000 the number of large companies that are viewed monthly to establish, among other economic indicators, the Business Confidence Index (ECI). The Monthly Survey of Business Opinion (EMOE), also expanded the sample in the sector of small and medium enterprises (SMEs) of 700-900. This research with the new number of respondents, contributes to obtain indicators of the companies forming part of the system of popular and solidarity economy.
Address : PO Box 339 Quito, Ecuador.
Website : www.bce.fin.ec, Phone number-593-2-257-2522
3. Banco de Loja :
Loja Bank opened its doors to the public , responding to the need of various sectors of society to possess a bank lojana own , that would meet the growing demand for credit in the southern region of the country. Trade , industry , agriculture , tourism, transportation, small or large investor , in short, all productive activity has been supported by the Bank of Loja. It was like a powerful shot for the local and regional growth . The phenomenon has also been given to the reverse, ie , with input from their customers also grew the Bank. It has grown and grown Loja Loja Bank . Therefore, rightly , the community calls it " the Bank of Lojanos ". The efficient service provided by the Banco de Loja to its thousands of customers , the trust receives from these, in increasing numbers , says it all . And , the service is on par with the image projected on the Collective Bank , through its entire staff , from the most modest of workers to the highest of its executives , all have a clear idea of what collaboration means providing the first bank of Loja. Studies demonstrate their desire to offer customers the best care that is available to them.
Address : Bolívar y Rocafuerte Esquina,Loja, Ecuador.
Website : www.bancodeloja.fin.ec, Phone number-593-7-257-1682
Egypt
1. Al Watany Bank of Egypt -
Since its inception in 1980, Al Watany Bank of Egypt (AWB) has been dedicated to building a sustainable energetic future for clients and corporations operating in Egypt and the Middle East.
Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets. AWB is a solid, integrated bank that has established an unrivalled network providing proven and superior services. Having been recently acquired by the National Bank of Kuwait (NBK), the acquisition is a strategic alliance with exceptional capabilities and resources that provides us with unique access to the region’s most vibrant segments in an increasingly competitive banking environment.
AWB managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio.
Being active in corporate, retail and investment banking, AWB is one of Egypt's major players of medium, and long-term financing for corporate clients, small and medium sized enterprises (SME).
AWB's range of financial services and products includes, but its not limited to, corporate finance, investment services, trade finance, commercial and residential mortgages, etc.
Capitalizing on a talented core team, AWB proactively delivers sustainable, integrated and tailored financing solutions to businesses and enterprises across the region.
We like to think of ourselves as record-breaking growth seekers and industry trend-setters rather than a typical finance provider. Crucially, AWB tailors effective solutions, maximizes performance and identifies the critical factors to ensure your investment delivers results. Our prime objective is to build customer satisfaction, create values and provide quality and professional service to deliver superior returns for all AWB shareholders.
Our market strategy implies a great deal of responsibility and commitment towards our family members, namely clients and shareholders. Accordingly, we believe long-term value creation depends on what AWB does above and beyond traditional banking. This is why we attach great importance to adopting unrivalled performance standards that are an essential part of our culture, identity and business practice.
Address : Al Fawalah, Abdin, Cairo Governorate, Egypt.
Website : www.alwatany.net, Phone number : 202-3338-8816
2. Arab African International Bank -
Our Vision
"To be the leading financial group in Egypt providing innovative services with a strong regional presence being the gateway for international business into the region."
History
Arab African International Bank was established by Special Law as a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA), and was incorporated in 1964 as Egypts first Arab multinational Bank. With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIBs shareholder base. With a history of solid banking tradition since its establishment, Arab African International Bank is Egypts fastest growing bank in terms of size and profitability, with a compounded average growth rate for deposit and loan portfolios that has consistently outperformed market norms. These growth rates substantiated AAIBs vision to become the leading Financial Group in Egypt, providing innovative services with a strong regional presence and establishing itself as the gateway for international business into the region.
The Bank saw a decade of unlimited growth - ending in 2012 allowing it to gain significant traction towards assuming a leading position among other Egyptian banks. AAIB is Egypts only Private Bank with a full-fledged presence in the Gulf region that maintains its core competency as a Corporate Bank. It is also continually taking massive strides in retail activities through expanding its product range and on the ground presence in commercially strategic locations.
From a Bank to a Financial Group
As part of its mission to offer an ever-evolving array of services to the entire region, AAIB developed new business arms to that effect. The Banks growth was propelled in 2008 with the establishment of four subsidiaries; Arab African Investment Holding (AAIH), Arab African Investment Management (AAIM), Arab African International Securities (AAIS) and Arab African International Mortgage Finance (AAIMF). The establishment of which transformed AAIB from a Bank to a full-fledged Financial Group.
Corporate Social Responsibility
Whilst undertaking a mission of achieving limitless growth, AAIBs foresight in terms of social consciousness became reality as early as 2003, with a belief that brands must be inspirational in a socially responsible manner.
AAIB embraced a transformative idea of Corporate Social Responsibility (CSR) being an engrained component of AAIBs Core Values System. Applying this with a distinctively unique approach, AAIB set the trend for Sustainable Finance with Value Creation.
Aside from being a recipient of world renowned Banking and Finance Awards throughout the past decade, AAIBs CSR and Sustainability practices were recognized in 2012 by Arabia CSR Network, who presented AAIB with a special award for being the first bank in Egypt and the region to establish its own Foundation for Social Development in Health and Education: We Owe It to Egypt.
Address : 5 Midan El Saray El Koubra, Garden City, Cairo, Egypt.
Website : www.aaib.com, Phone number : 202-2794-5283
3. Banque MISR -
Since 92 years ago, the great Egyptian economist, Mohamed Talaat Pasha Harb , come up with the concept of establishing a bank with a mission. He brought that idea into existence and presented it to the Egyptian society as a whole. This concept was based on investing national savings and directing them towards economic and social development. That bank is BANQUE MISR. During the period from 1920 to 1960, BANQUE MISR established 26 companies in various economic fields, including spinning and weaving, insurance, transport, aviation and cinema. BANQUE MISR has continued to support all its activities at a steady rate. BANQUE MISR is currently holding equities in 222 projects in various fields, aimed at serving the national economy. These projects include 12 joint venture banks, 35 industrial projects, 23 tourism projects, 27 housing projects, 35 Agri & food projects, 30 financial projects,24 Serviceing project , 16 IT and communication projects, 5 Private Equity Funds, in addition to 15 Bahagat Group projects . BANQUE MISR has also established two of the largest investment funds in Egypt.
The role played by BANQUE MISR is evident in all economic fields, thanks to its geographic spread with several branches in Egypt and abroad and in addition to its worldwide network of correspondents worldwide.
BANQUE MISR is the pioneering bank in utilizing state-of-the-art technology for banking systems and services in Egypt. BANQUE MISR has a computing center, which is one of the largest in the Middle East, connecting most of its branches with a computer network that extends to most branches in Egypt. In addition, BANQUE MISR has a large number of Automatic Teller Machines (ATMs) in most areas of the country.
Mission :
Our aim is to serve the financial needs of our customers, and play a leading role in the prosperity and development of Egypt and the countries in which we operate.
Values :
- Integrity in all our dealings
- Customer service above all else
- Excellence in everything we do
- Teamwork to get the best from our people
Vision :
To be recognised in our competing market as the leading bank for customer service and for meeting customers' needs.
Address : Banque Misr Building 151 Mohammed Farid Street, Cairo, Egypt.
Website : www.banquemisr.com, Phone number : 202-2794-5587
4. Commercial International Bank -
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, National Bank of Egypt (NBE) increased its shareholding to 99.9%, and the Bank changed its name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till it reached 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired the NBE stake. In July 2009, Actis a leading emerging markets private equity firm, invested US$ 244 million to acquire shares in CIB. Hence, Actis acquired 50% of the stake held by the Consortium led by Ripplewood Holdings. Five months later, Ripplewood sold its remaining position of 4.7% in CIB through the open market. This move marks the successful transition of strategic partnership to be with Actis, who became the largest shareholder in CIB with a 9.1% stake.
Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. Moreover, CIB shows tremendous upside potential within the bourgeoning Retail and SME Banking markets.
CIB has been consistently awarded for its broad range of products and services on numerous occasions by international publications. So Far into 2013, CIB has been named "Best Bank in Egypt” by Global Finance for the 17th year in addition to “Best Sub-Custodian bank in Egypt” for the 5th consecutive year as well as “Best Foreign Exchange Provider bank in Egypt” and “Best Trade finance Bank in Egypt”. CIB was awarded The Best Bank Award by Euromoney Excellence Award 2013, as well as Deal of the year by The Banker. Emeafinance also, granted CIB “Best Local Bank” for the 5th consecutive year in 2012, “Best Asset Manager in Egypt” for the 2nd consecutive year. CIB has been awarded "Best Asset Manager in Egypt” and “Best FX Provider in The Middle East” by Global Investors 2012. “Best Project Finance Deal in Africa”, “Best Natural Resources Deal in Africa”, and “Best Securitisation Deal in EMEA”. Moreover, CIB has received many accolades throughout 2012 and 2011. Such awards include “Deal of the Year’ and ‘Bank of the Year’ for the 3rd time from The Banker magazine. Also, Global Trade Review has named CIB as “Best Trade Finance bank in Egypt”.
Through superior management, high operating standards, corporate governance best practices and premier training programs, CIB continues to be the most profitable commercial bank in Egypt. As of June 2013, CIB gross loan book reached EGP 46 billion, while customer deposits marked EGP 91 billion, with a paid-in capital of EGP 6 billion. The Bank has the largest market capitalization in the Egyptian Banking sector, amounting to over EGP 18 billion as of June 2013, and operates a wide distribution network of 158 outlets and more than 500 ATMs. With a full-fledged suite of products and services, along with its investment arm “CI Capital”, CIB manages to meet its clients’ financial needs with integrity and expertise.
Address : Nile Tower Building, 21/23 Charles De Gaulle, Giza. P.O. Box 2430 Cairo, Egypt.
Website : www.cibeg.com, Phone number : 202-3747- 2000
5. Crédit Agricole Egypt -
Crédit Agricole Egypt is a subsidiary of the Crédit Agricole Group, a market leader in Universal Customer-Focused Banking in France and one of the largest banks worldwide. With operations in 70 countries, Crédit Agricole Group seeks to serve the real economy by supporting its clients’ projects in all areas of retail banking and associated specialized business lines. Emphasizing its values and commitment, Crédit Agricole Group is the bank of common sense. It puts the satisfaction and the interests of all its customers, employees and shareholders at the heart of its activities. Established in 2006, Crédit Agricole Egypt has become an active player in Egypt’s financial industry offering a wide range of innovative and convenient products to its clients across the entire spectrum: Corporate, SMEs and individuals. Crédit Agricole Egypt’s key goal is customers’ satisfaction by valuing and prioritizing their best interests Thus, Crédit Agricole Egypt has created specialized segments to cater its customers’ needs by offering the sound advice and tailored financial solutions. Accessibility and customers’ convenience is a priority for Crédit Agricole Egypt that offers a nationwide network of branches and ATMs. Also, the bank is considered as a market leader in terms of electronic services by offering state-of-the-art electronic banking solutions.
Corporate Banking
Crédit Agricole Egypt is dedicated to provide large local groups, multinationals, and financial institutions with a strong and diversified expertise through a dedicated team of senior bankers. CAE's activities cover Capital Markets, Structured Finance, Investment Banking in addition to the regular Corporate Banking services.
Enterprises Banking
Crédit Agricole Egypt is committed to the success of companies, offering them special products, service offerings and advice to companies in diverse fields. Always putting customers first, specialized business centers were launched offering active account management through a dedicated team to serve companies only.
Private Banking
High net worth customers are offered a state of the art personalized service to manage and protect their wealth, drawing on the worldwide Group’s Private Banking experience and position.
Fiddle Club
Fidèle Club offers the distinguished customers a unique banking experience enhanced by priority service, preferential treatment, friendly and professional guidance tailored to fit their goals and lifestyles.
Retail Banking
Crédit Agricole Egypt presents a wide range of value-added products and services designed to meet the growing demands of its clientele, through a large network of Branches and ATMs conveniently located throughout Egypt.
Address : 4, Hassan Sabry St., Zamalek, P.O. Box: 1825, Postal Code: 11511, Cairo, Egypt.
Website : www.ca-egypt.com, Phone number : 202-2728-1800
6. Egyptian Gulf Bank -
In the Egyptian Gulf Bank, we are different because our success is built on teamwork, partnership and diversity of our staff’s background. EGB was established in October 1981, under the investment law 43/1974 and its amendment licensed to conduct a full range of commercial banking services in both Egyptian Pounds and Foreign currencies.
The shareholding stakes of the bank are a mix of Gulf participants, Egyptian private investors, institutional investors and public offerings. EGB is also a member of the COMESA Bankers’ Association, and the International Finance Inc. We therefore aim to be the bank of choice for corporate and institutional clients in Egypt and the surrounding region. We are a private bank and sustain a domestic network of 16 branches, covering Cairo, Alexandria, Mansoura, 10th of Ramadan, 6th of October city and Assiut.
Vision of the Bank
"To be viewed by the community as the best financial services provider in Egypt."
Mission Statement
"To maximize shareholders value, deliver superior products and services to our customers, encourage staff loyalty and true potential, and play a caring role in the community."
- We are committed to definitely take lead in initiating best practice in our market.
- We commit our expertise to provide customized solutions to meet the aspirations and requirements of high net- worth clients and ensure their success.
- As we grow we recruit and retain the best staff and value every individual for the strengths they give to the bank.
- We believe that excellence and our deep local knowledge fuels creativity and innovation supporting the development of new products and services to our customers.
- We continuously renovate the way we work while keeping a firm hand on cost and averting risks. We aim at making a difference in the communities we are in by bringing our values alive and sharing them with the people.
Address : Address: El Orman Plaza Building, 8, 10 Ahmed Nessim St., Giza, Egypt.
Website : www.egbbank.com.eg, Phone number : 202-3336-8359
El Salvador
1. Ahorromet Scotiabank :
The Bank of Nova Scotia (Scotiabank) was founded in 1832 in Halifax, Nova Scotia, Canada, to support the inter-oceanic trade flourishing in Britain, North America and the West Indies. The Bank quickly assigned agents to New York, Boston and London, revealing what their aspirations in the international arena. By the end of 1800, Scotiabank had expanded to the United States and Jamaica, and in early 1900 he had established a network of branches across Canada. Mergers with four banks between 1882 and 1919 accelerated this expansion. Scotiabank opened its first branch in Central America in Belize City, Belize, in 1968. Later, in 1974, did the same in Panama City, Panama.
The Bank was established in Costa Rica in 1995 and in El Salvador in 1997. In 2000, Scotiabank Group's presence began to be felt more in Central America, through the banks in which it has majority ownership: Scotiabank Scotiabank El Salvador and Costa Rica. Scotiabank El Salvador, SA has its origins on October 8, 1997, the date on which formalizes the strategic alliance between The Bank of Nova Scotia, an international bank with over 170 years of experience and a presence in over 50 countries around the world and Metropolitan Savings SA (Ahorromet), a financial institution with over 25 years experience in the local market. ScotiabankIn January 2005, Bank of Commerce and Scotiabank El Salvador El Salvador bind operations and integrate their strengths to be a single bank. This new merger will offer customers a better bank, with greater coverage, stronger and closer to your needs. Thanks to the merger, the new Scotiabank El Salvador offers international standards of excellence.
Address : Financial Center No. 1230 North 25th Avenue, San Salvador, El Salvador.
Website : www.scotiabank.com.sv, Phone number - 503-2250-1111
2. Banco Agrícola Comercial :
Our Mission
We are the leading partner for our clients in meeting their financial needs with innovative products and a high level of efficiency and service through a team of dedicated, motivated and high performance. We create value for our customers, employees, shareholders and the community.
Our Vision
Being an organization committed to excellence, that meets the customers' financial needs with innovative
solutions.
History
It was not easy, took a lot of effort, long hours of work and overcoming obstacles, as always happens with the works that will be great. But there was a visionary and tenacious spirit in an admirable man: Don Luis Escalante Arce. Founder of Commercial Agricultural Bank. It was on March 24, 1955 when they opened the doors of a new bank, which was located in San Salvador, on Fifth Avenue South No 124. Started its operations with a capital of one million colones, contributed by 24 shareholders, and working capital consisting of 14 employees. His motto was: "A progressive bank serving a progressive country" and the genius and entrepreneurial vision of Don Luis, made this slogan a reality in the short term because the boost popular saving mode, designed to benefit the industry ladies informal trade markets, small traders and employees of the simplest levels, made possible strengthening and growth soon. The resourcefulness and financial skills of Don Luis were huge. Under his administration were founded in 1956 in San Salvador, Cuscatlan Conception and Agencies and the first Agency in Sonsonate department, then opened other agencies to meet the needs of their respective localities. Since its founding, Agricultural Bank offers a sense of service remarked, completely changing the banking concept in El Salvador. Opens its doors with a very different schedule to reduced customer service spaces offered by the other banks. But not only the times were different there was a complete strategy behind new provision and that, for all surprising: this new bank savings accounts allow people who, by their income and occupation, did not qualify for it. It is noteworthy that, in addition, customers were offered the service at Home Box which was that in the afternoon, an employee of the bank would collect their remittances, in his book anotándoles saving the amount entered. Later this service was extended in a small armored vehicle for customers who were located farther and whose deposits would be higher. Another innovation was the "Death Benefit Family by" that resulted as insurance for the family of deceased saver. Then and always seeking to serve the majority, Agricultural Bank launches another new product: Personal loan that became the solution for thousands of Salvadoran families who needed to cover an emergency or a specific need. At that time the family or personal credit focused labor sector was unknown as banks directed their loans to agriculture, industry and trade. Among all the banking services over time were innovating in the country, provided the Agricultural Bank were the most advantageous for customers and that placed him at the head of the banking system. On March 7, 1980 all banks were nationalized Salvadoran financial system, this process had as objectives to democratize credit, allowing employees to participate in social capital and financially support land reform. Nationalization, in general, was in force during the decade of the 80's, and it was not until 1989 that redefined the Salvadoran banking targets and agreed:
Strengthen and stabilize financial institutions and then privatize.
Depoliticize the financial system in order to stimulate investment in their institutions. By releasing the financial market, generating an efficient, competitive and profitable.
To contribute to the economic stability of the financial market.
Contribute to economic stability, reducing inflationary pressures and strengthening domestic savings.
After the nationalization of banks is entered stage of renewal and re-privatization. It is worthwhile to mention the excellent work that this time he developed the then President of the Agricultural Bank, Mr. Ramón González Giner, preparing to resume walking with a clear objective: to regain the lead bank El Salvador and why not also outdoors.
In May 1992 he joined as President of the bank, Mr. Archie Baldocchi who with his broad vision and clear financial goal of being the best bank in El Salvador and Central America, was able to expand banking services nationally and internationally, opening service points in major cities of the country, modern building agencies and creating innovative virtual agencies. At the regional level the bank's assets expanded by Banpro in Honduras, in Nicaragua and Caley Dagnall opened the branch in the city of Panama. Furthermore Agricultural Bank was consolidated as leader serving corporate banking. It began operations in major cities of the United States including Los Angeles and San Francisco in California. It also created the Financial Conglomerate Banagrícola. Another advance in services was implementing ATM and later disposing Virtual Banking edge banking technology for customer access to their accounts could occur at any time, from the comfort of your home or your work without having to commute to any agency. Created parallel media are PCbac People, PCbac Companies, ATMs and Kiosks PCbac. Now belong to the family of electronic channels: Agency 7/24, which is made up of Cash 7/24, telebank 7/24, Kiosks 7/24 and e-banking 7/24 (People and Business). To strengthen itself as a market leader, Agricultural Bank, acquired in 2000 Development Bank, which was the number five in the financial market, also, the following year consolidates its leadership acquiring Capital Bank, number six in the ranking of banks Salvadorans, is well positioned as one of the largest banks in El Salvador. In 2003, joined as president Rodolfo Schildknecht and continued with the vision to stay the course that has led Agricultural Bank to be one of the most successful banks in El Salvador and Central America. Agricultural Bank has strived every day to be the best bank in El Salvador. This determination to pursue excellence is recognized by specialized magazines and newspapers that place us in the first place, such as Euromoney, Global Finance, Latin Finance, Summa, The Banker, and The Economist Newspaper Strategy and Business and Money. Since 2004, the globalization process took a significant turn toward the Salvadoran banking internationalization, and the biggest move of this phenomenon occurred in 2006, the year in which most financial institutions announced their sale foreign banks. Major banks now operate under the direction of global significance marks as Scotiabank, HSBC, Citi Group. In this sense, Agricultural Bank announced its sale in December 2006, announcing that form part of Grupo Bancolombia, one of the largest financial groups in the South American region. In this context, Agricultural Bank remains the bank for Salvadorans, and since 2006, under the direction of Mr. Roberto Orellana Milla, as Executive Chairman, who has a long history and expertise in banking, the firm continues conviction to fulfill their business vision to be an organization committed to excellence, that meets the customers' financial needs with innovative solutions. In this context, Agricultural Bank remains the bank for Salvadorans, and under the banner of working we will move forward!, Effective October 1, 2010 Mr. Rafael Barraza became the new CEO, relieving the Eng Orellana Milla in office and position. Mr. Barraza took on this new challenge, guiding the strong leadership of the financial institution, supporting growth and saving all Salvadorans. He graduated from Rice University in the United States of America, and holds a Masters in Applied Economics from the Pontifical Catholic University of Chile. He is also a renowned economic analyst and columnist of opinion. In his professional experience highlight their positions of General Manager of the prestigious School of Economics and Business (ESEN), where he was responsible for implementing the strategic plan to position this institution internationally. Mr. Barraza very successfully served as Vice President and Central Reserve Bank of El Salvador, has also held other positions and has received several awards through the development of his work, among them are: Director of the Bank Board Agricultural, Director of the Chamber of Commerce and Industry of El Salvador, Director of the Salvadoran Foundation for Economic and Social Development (FUSADES), Governor Owner to the International Monetary Fund, Alternate Governor to the World Bank, Alternate Governor to the Bank Inter-American Development Alternate Governor to the Central American Bank for Economic Integration and was also Chairman of the Monetary Council.
Address : Colonia Roma, San Salvador, El Salvador.
Website : www.bancoagricola.com, Phone number - 503-2210-0000
3. Banco Central de Reserva :
The Central Bank will primarily intended, ensure the stability of the currency and its very purpose is to promote and maintain monetary conditions, foreign exchange, credit and financial more favorable for the stability of the national economy ".
In the same article, in letters c) to k) defines that the Central Bank is responsible for: prevent or moderate the inflationary and deflationary trends, maintain liquidity and financial stability, facilitate the development of an efficient financial system, competitive and solvent, to regulate the expansion of credit in the financial system, ensuring the normal operation of domestic and foreign payments, adjusting the level of payment methods to the development of productive activities, managing the country's international reserves and operations regime international changes, issue policies and applicable standards in monetary, credit, foreign exchange and financial coordinate their policies with the government's economic policy, and perform the activities, transactions and services that make the laws and other provisions consistent with the nature of central bank.
Address : Alameda Juan Pablo II, 15 to 17 North Avenue. PO Box (106), San Salvador, El Salvador.
Website : www.bcr.gob.sv, Phone number - 503-2281-8000
Ethiopia
1. Addis International Bank -
The word "Addis" as part of the name of Addis International Bank S.C. (AdIB) carries double meaning: 102 0921
new ideas/innovations and the first word of the capital city of Ethiopia where the Bank is born to shoulder its historic mission. The new vision and innovative ideas/approaches that were initially brewed in Addis will however be shared to potential customers all over the country through branches that will eventually be opened in the near future. AdIB is established by diversified groups of shareholders, Cooperatives, Micro Finance Institutions (MFIs), Iddirs, other business organizations and individual citizens. The major shareholders of the Bank are Cooperatives and their members. The Cooperatives are mainly engaged in the provision of financial services, export business, manufacturing and services.The members of the major shareholders are mainly low and middle income citizens. The Micro Finance Institutions also address the financial needs of the "Unbanked" citizens. AdIB endeavors to be an inclusive Bank that addresses the financial needs of different income groups in the country. It has the plan to penetrate the huge market that host low and middle income people through Cooperatives and Micro Finance Institutions. AdIB will expand its operating by opening new branches at market centers within and outside Addis.
Vission
Destined to be the leading inclusive Bank in Africa.
Mission
To provide efficient and effective full-fledged banking services by utilizing qualified, honest and motivated staff and state-of-the-art technology and thereby optimizing shareholders’ interest.
Core Values
- Corporate Social responsibility
- Creativity and innovation
- Professionalism
- Highest personal standards of integrity at all levels
Address : Haile G/Selliassie Street, Zequla Complex Bldg, Addis Ababa, Ethiopia.
Website : www.addisbanksc.com, Phone number : 251-115-549800
2. Awash International Bank -
Awash International Bank s.c. (AIB) is the pioneer private commercial bank in Ethiopia after the downfall of the military regime and introduction of market economic policy in 1991. It was established by 486 founder shareholders with a paid-up capital of Birr 24.2 million. Licensed on November 10, 1994, it started banking operations on February 13, 1995. It was named after the popular river “Awash” which is the most utilized river in the country especially for irrigation and hydroelectric power. Awash River plays a pivotal role in the economic development of the country. The number of shareholders and paid-up capital increased continuously and currently reached over 3000 and Birr 1.2 billion, respectively. Presently Awash International Bank s.c is the first and only private bank to build and operate in its own headquarters at the hub of what is growing into the Ethiopian financial district. The twins building named “Awash Towers “built at a cost of more than Birr 217 million in collaboration with its sister company, Awash Insurance Company s.c. was inaugurated in 2010. It has also built and inaugurated its second largest complex building with basement plus G+8 in Adam town and different own buildings in Shashemene, Nekemte, Ghimbi, Harrar, Jimma and Bedessa towns. The on-going construction of G+2 building at Agaro town is well underway and will be completed at the end of 2013.
Moreover, the construction of Symbolic complex building, with G+ 10 storeys has already been commenced in one of the busiest Business Center of the Addis Ababa city in front of Lideta Church. Architectural design works for construction of Bulbula -around Saris in Addis Ababa (G+7) and Hawassa (G+6) complex buildings were also completed and the construction work will start during 2013/14. Currently, the Bank has 120 branches spread throughout the country, thus boosting the wider branch network, which makes AIB the leading private bank in branch network. All city branches and almost half of the outlying branches are providing on-line services. The Bank is on the process of replacing the existing CORE Banking system with a new one in order to improve its services and promote efficiency. Similarly, the Bank, in cooperation with NIB International Bank s.c. and United Bank s.c. has established a share company known as "Premiere Switch Solutions s.c." for the joint operation and management of Automatic Teller Machines (ATM) and Point of Sale (POS) terminals. Currently AIB has already started card banking service and providing 24/7 services through ATM Installed in various parts of the city. The service is accessible not only from AIB’s machines but also from machines installed by United Bank and Nib International Bank. This will give an edge to our customers as they can access their account from any corner of the town and outlying branches where such service is available.
Vision
"To be the strongest and most preferred Bank of the People"
Mission
"To provide modern, efficient, competitive, diversified and profitable banking services at domestic and international banking levels, to a continuously growing number of customers in a socially responsible manner."
Core Values
- Integrity
- Professionalism
- Dynamism
- Excellence
- Accountability
- Impartiality
- Team Spirit
- Social Responsiveness
Objectives
- To meet the needs of the emerging private sector for quality and dependable domestic and international
banking services;
- To expand and diversify commercial banking services in response to the growing demands of customers; and
- To contribute towards the economic and social development of the country and to operate profitably in a
sustainable manner.
Address : Ras Abebe Aregaye Street, Addis Ababa, Ethiopia.
Website : www.awash-international-bank.com, Phone number : 251-115-570000
3. Bank of Abyssinia -
On February 15, 1996 - 90 years to the day after the now-defunct but historical Bank of Abyssinia was officially established by Emperor Menelik, the new Bank of Abyssinia (BOA), which shares nothing with the former one but its name, was established. The new Bank Of Abyssinia had, of course, a humble beginning, in that its shareholders numbered only 131, its workforce 32 and had only one branch. Furthermore, its subscribed capital was only Birr 25 million, and its authorized capital Birr 50 million, whereas its paid-up capital was just Birr 18 million.
It gives BOA’s Management great pleasure to say that the Bank has since made great strides, for it now boasts the following: (June 2012)
- A subscribed capital of Birr 630 million, an authorized capital of Birr 630 million, and a paid-up capital of Birr 742 million (including special and legal reserves);
- A total of 1,381 shareholders;
- Over 2,105 employees;
- Over 331,831 customers;
- An overall deposit of Birr 6.77 billion;
- A single borrower limit of birr 174 million
- Has already extended Birr 3.9 billion as loans; and
- A total of 78 branches
Address : Ras Desta Damtew Avenue Red Cross Building, Addis Ababa, Ethiopia.
Website : www.bankofabyssinia.com, Phone number : 251-115-514130
4. Bunna International Bank -
Bunna International Bank S.C. has joined the Banking industry of Ethiopia following the favorable economic developments witnessed in the country during the last decade and the incessantly growing needs for Financial
Services. The Bank has obtained its license from the National Bank of Ethiopia (NBE) on June 25, 2009 in accordance with Licensing & Supervision of Banking Business Proclamation No. 592/2008 and the 1960’s Commercial Code of Ethiopia. The Bank officially commenced its operation on October 10, 2009 with subscribed & paid up capital of Birr 308 million and Birr 156 million, respectively. Moreover, the Bank has more than 11,200 shareholders, which makes it one of the strong and public based private Banks in Ethiopia.
Address : Arada Sub-City. City, Region : Addis Ababa, Ethiopia.
Website : www.bunnabanksc.com, Phone number : 251-111-580831
5. Commercial Bank of Ethiopia -
About CBE
- The leading bank in Ethiopia, established in 1942.
- Pioneer to introduce modern banking to the country.
- It has 684 branches stretched across the country.
- The leading African bank with assets of Birr 155 billion as on June 30th 2012.
- Plays a catalytic role in the economic progress & development of the country.
- The first bank in Ethiopia to introduce ATM service for local users.
- Currently CBE has more than 4 million account holders.
- It has strong correspondent relationship with more than 50 renowned foreign banks and a SWIFT bilateral
arrangement with 500 others.
- CBE combines a wide capital base with more than 12,800 talented and committed employees.
- Pioneer to introduce Western Union Money Transfer Services in Ethiopia.
- CBE has reliable and long-standing relationships with many internationally acclaimed banks throughout the
world
Vision
To become a world-class commercial bank by the year 2025.
Mission
We are committed to best realize stakeholders' needs through enhanced financial intermediation globally and supporting national development priorities, by deploying highly motivated, skilled and disciplined employees as well as state-of-the-art technology. We strongly believe that winning the public confidence is the basis of our success.
Values
- We value the importance of our role in national development endeavor and step-up for commitment.
- We abide by the law of Ethiopia and other countries in which we do business.
- We care about society's welfare and the environment.
- We strive to excel in our business and satisfy our customers.
- We are committed to offer quality service to our customers' and aspire to be branded with quality in the minds of our customers and the general public.
Innovation
We encourage new ideas that can improve customers' experience and the Bank's performance.
Teamwork
- We recognize the importance of teamwork for our success.
- We respect diversity of viewpoints.
Integrity
We are committed to the highest ideal of honor and integrity.
Employees
We recognize our employees as valuable organizational resources.
Public Confidence
We understand that the sustainability of our business depends on our ability to maintain and build up the public's confidence.
Address : P.O.Box 255, Addis Ababa, Ethiopia.
Website : www.combanketh.et, Phone number : 251-111-228755
6. Dashen Bank -
With only a month to go before the limitation for the acquisition of shares gets reduced from 20pc to five percent of a bank's paid-up capital, influential shareholders at Dashen Bank have yet to divest themselves of their excess shares.
After the Banking Business Proclamation, which reduced the limitation on the acquisition of shares, was ratified in 2008, the National Bank of Ethiopia (NBE) passed a directive, in August 2010, giving shareholders of existing banks, who may have acquired more than five percent of shares before the law was passed, three years to dilute their excess shares. The directive has also asked banks with such shareholders to come up with an action plan on how to dilute these shares; something which all of the banks have complied with.
The law to reduce acquisitions came about in an attempt to avoid situations in which major shareholders could influence the bank's day-to-day activities, or get undue representation as board chairmen. At the time the law was passed, some of the bigger banks, such as the Bank of Abyssinia (BoA), Wegagen, United and Dashen, all had shareholders in possession of more than five percent of shares. Since the directive most of these banks have made moves to dilute shares. Nile Insurance, which holds majority shares at Bank of Abyssinia, for example, floated a tender to divest itself of shares worth 17.7 million Br, in order to comply with the five percent acquisition restrictions. Similarly, United Bank has made sure that excess shares from its major shareholder, United Insurance, were floated as shares. Wegagen has also done the same.
Other banks in similar situations, except Dashen, have also followed suit, Dashen has four shareholders who each hold 19pc shares, including the three brothers of the Ethio-Saudi tycoon, Sheik Mohammed Al-Amoudi, and Nyala motors. None have made a move to dilute their excess shares so far, according to sources who spoke to Fortune.
Dashen, who Fortune approached four weeks ago, first admitted that no moves had been made to dilute the shares, before stating that no further comments would be made on the subject. "The matter is between us and the National Bank," the executive told Fortune.
Address : Sierra Leone St, Addis Ababa, Ethiopia.
Website : www.dashenbanksc.com, Phone number : 251-11- 4671803
7. Debub Global Bank-
Debub Global Bank S.C. (DGB) joined the finance industry as the 15th private commercial bank to provide quality banking services with enhanced customer service, higher value creation for stakeholders and to be a responsive corporate social citizen by effectively blending commercial pursuit with social responsibility. The Bank received its license from the National Bank of Ethiopia on April 20, 2012. However, it started rendering financial services on August 28, 2012 after fulfilling pre- operational requirements of the National Bank of Ethiopia (license no LLB/018/2012). DGB has initiated banking services in its Main Branch located in Addis Ababa within the Head Office Compound in Mujib Tower at Beklobet. At the date of incorporation, of the total capital subscribed by shareholders, Birr 138.9 million was fully paid in cash while the remaining balance of 128 million will be raised within 2012/13 fiscal year; thus making the total capital of the Bank Birr 266.9 million. Moreover, the Bank has planned to raise its paid up capital to Birr 1,000,000,000 in the coming 5 years.
Address : Addis Ababa, Kirkos Sub city, Woreda 04 - Mujib Tower.
Website : www.debubglobalbank.com, Phone number : 251-11-4674087
8. Development Bank of Ethiopia -
Mission Of DBE
The Development Bank of Ethiopia is a specialized financial institution established to promote the national development agenda through development finance and close technical support to viable projects from the priority areas of the government by mobilizing fund from domestic and foreign sources while ensuring its sustainability. The Bank earnestly believes that these highly valued objectives can best be served through continuous capacity building, customer focus and concern to the wider environment.
Vision Of DBE
100% Success for All Financed Projects by 2020
Values Of DBE
• Commitment to mission
• Customer focus
• Integrity
• Team work
• High value to employees
• Learning organization
• Concern to the environment
Address : P.O.Box 1900, Addis Ababa, Ethiopia.
Website : www.dbe.com.et, Phone number : 251-11- 5511188
9. Enat Bank -
Enat Bank was initiated by some of Ethiopia’s leading visionaries and businesswomen. Enat Bank’s founders
created a bank that empowers women, while providing all clients with exemplary services. We are prepared to cater
to the needs of large corporations, small businesses and all individuals. Enat believes that supporting women to
make deposits, access credit and trade services, and better manage their finances is good business. Enat Bank will
increase profits for shareholders while also supporting social causes. Our name of ‘mother’ signifies our attitude
to all clients – we want to take care of you. Enat’s 11-person board of directors (6 women and 5 men) boasts
leaders from varied economic, social banking and other business backgrounds. Over 7,000 shareholders – 64% of
whom are female – have already invested in Enat.
We stand out for our nurturing and inclusive approach. Enat staff will meet all of your banking needs, as it is led by banking professionals with extensive experience in the financial sector, distinguished careers and public service records. We are also different because of our innovative services, a market departure from the traditional. Our goal is to help you create the life you want. We do this through customized deposit services, distinct loans and superior international banking. Our advisors are ready to give you a financial tune-up and nurture your long-term goals. Whether you want to finance your child’s education or expand your business, Enat makes it happen.
Address : P.O. Box 18401, Addis Ababa, Ethiopia.
Website : www.enatbanksc.com, Phone number : 251-11-5504948
10. Oromia International Bank -
Oromia International Bank S.C. (OIB) was established in accordance with the pertinent laws, regulations and the 1960 Commercial Code of Ethiopia, by the Monetary and Banking Proclamation No. 83/1994 and by the Licensing and Supervision of Banking Proclamation No. 592/2008. Accordingly, on September 18, 2008, OIB obtained a banking business license. At the time of its establishment, OIB’s authorized capital was Birr 1.5 billion, whereas its subscribed capital was Birr 279.2 million, and its paid-up capital Birr 91.2 million. OIB began operation on October 25, 2008 by opening its first branch at the Dembel City Center. More specifically, its branch was named Bole Branch.
Vision
“To be the Bank of your first choice”
Mission
“We are committed to providing full-fledged and best quality commercial banking services within the pertinent regulatory requirement with due diligence to sustainable business while empowering the missing middle and discharging social responsibility by engaging highly qualified, skilled, motivated and disciplined employees and state-of-the- art information technology, adding real value to the shareholders interest and win the public trust.”
Core Values
- Persistence, endurance and tenacity;
- The satisfaction of its highly esteemed customers;
- Transparency, integrity and confidentiality;
- The building up of a real team spirit;
- The groom of potential successors from among its employees to all its jobs—including the managerial ones;;
- Total respect to its customers and employees;
- Highly competent and motivated human resources, who are committed to upgrading their skills by taking the
types of training that the OIB gives to them;
- Making the OIB a perpetually learning and innovative organization;
- Encouraging a sense of belonging among all its employees; and
- The upholding of corporate citizenship.
Address : Sengatera, Addis Ababa, Ethiopia.
Website : www.orointbank.com, Phone number : 251-11-5572113
11. United Bank -
Vision
The vision of United Bank is to be "The Preferred Bank" in the banking industry of Ethiopia.
Mission
UB’s mission is to render Quality Commercial Banking Services to the best satisfaction of its Customers; to enhance Shareholder value; to be one of, if not the best, employers in the industry; and, to discharge its corporate responsibilities to both the community in which it operates and the environment which it shares with the world.
Value Statement
- The customer is United Bank's lifeline
- United Bank invests in its employees and dignifies them
- United Bank is committed to quality
- United Bank is a responsible corporate citizen
- United Bank works towards profitability and growth.
- United Bank values honesty, integrity and loyalty
- United Bank lives its values
Address : P.O.Box 19963, Addis Ababa, Ethiopia.
Website : www.unitedbank.com.et, Phone number : 251-11-4655222
12. Wegagaen Bank -
Wegagen Bank is a privately owned share company which started operations on June 11, 1997 with a subscribed capital of Birr 60 million and a paid up - capital of Birr30 million.
The number of shareholders reached 2,130 while the total capital (including paid-up capital, share premium and legal reserves) reached over Birr 1.5 Billion as at March 31, 2012.
Vision
“Becoming the most preferred Bank in Ethiopia”.
Mission Statement
“To provide a wide range of quality banking services through a dynamic workforce and up-to-date IT solutions to satisfy the desires of all stakeholders”.
Principles and Values
1. Outstanding customer services,
2. Business integrity, honesty and loyalty,
3. Effective, efficient and expanding operations,
4. Strong capital and liquidity position,
5. Prudent lending,
6. Reasonable cost control discipline,
7. Fair & objective employment practices,
8. Play a responsible role in aligning objectives with those of the local communities, and
9. Commitment to comply with the spirit and letter of the Law.
Main Objectives
A) Maximizing profitability through increased efficiency
B) Enhance growing market share
C) Expanding the bank’s capital base
D) Ensuring excellence in customer services
E) Provide differentiated, varied and value added banking services
Major Services
- Accept different types of deposits,
- Grant varieties of loan facilities,
- Offer full-fledged international banking services,
- Render local and international money transfer services and
- Payment Card services through ATM and POS network.
Branch Network
Wegagen Bank has a network of 63 branches of which 28 are in Addis Ababa and the remaining 35 are located in other cities and towns of the country. Expansion of the network of branches will be pursued appropriately.
ICT (Information & Communication Technology)
Wegagen Bank is a pioneer Bank to introduce a core banking system in July 2000, thereby managed to network the Head Office organs, City Branches and some of the Outlying Branches.
At present, migration of the existing Core Banking System into a more versatile and ISO-standard solution is completed.
The Bank has also implemented a full-fledged Card Payment System, enabling its customers to get 24/7 banking services, on our ATM network, and on POS Terminals, as well.
Corporate Governance
Wegagen Bank is governed by the Board of Directors consisting of a Chairman, a Vice Chairman and seven Directors. The overall management is entrusted to the management team which comprises the President/Chief Executive Officer, who is appointed by the Board of Directors, two Vice-Presidents and twelve Department Managers.
As of March 31, 2012, the number of permanent employees of the Bank stood at 2,158 of which 1,377 were clerical, professionals & semi-professionals, holding diploma and first & second degrees.
Address : Africa Avenue, Dembel City Center, 6th floor, Addis Ababa, Ethiopia.
Website : www.wegagenbanksc.com, Phone number : 251-11-5523800
13. Zemen Bank -
The vision of Zemen Bank is to bring a new dynamism to the financial sector and banking business in Ethiopia.
Zemen Bank is :
- Proudly Ethiopian
- Professional
- Dynamic
- World class
- Inspirational
- Totally customer focused.
Our Values include :
- Upholding the highest standards
- Being progressive and innovative.
Our Personality is :
- To be challenging, spirited, provocative, ambitious and successful
- To be friendly and courteous in all our relationships.
- To our Customers :
We offer a professional partnership, trust and outstanding levels of service.
Zemen Bank stands for innovation and excellence in everything we do.
Address : Josif Tito Avenue, P O Box 1212, Kirkos Subcity, Addis Ababa, Ethiopia.
Website : www.zemenbank.com, Phone number : 251-11-5501111
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