Zemen Bank

Last updated
Zemen Bank
Company type Private
Industry Financial services
Founded2 October 2008;17 years ago (2008-10-02)
Headquarters
Addis Ababa
,
Ethiopia
Area served
Ethiopia
Key people
Dereje Zebene (CEO)
Products Banking services
Revenue7.8 billion birr  (2024)
2.5 billion birr (2023)
Number of employees
438 (2023)
Website zemenbank.com

Zemen Bank is a private commercial bank that operates across Ethiopia. Established in 2008, the bank is one of banks to provide commercial activity in Ethiopia.

Contents

History

Zemen Bank was established on 2 October 2008 "licensing and supervision of banking business proclamation No. 84/1994" of Ethiopia. It is private bank with commercial type. [1] [2] In 2023/2024 fiscal year, its total revenue has reached about 7.8 billion birr (101% of annual report). [3]

On 12 February 2012, Zemen Bank made the first ever inaugural hot air balloon flight from Jan Meda field as part of advertising campaign. The advertising arrangement was made by Dutch-Ethiopian company Abyssinian Balloon PLC. [4] In August 2024, Zemen Bank provided services to 75 Dutch companies operating in Ethiopia. [5]

See also

References

  1. ↑ "Annual Report 2009" (PDF). p. 14. Archived from the original (PDF) on 2024-08-12. Retrieved 2024-11-24.
  2. ↑ "Zemen Bank Review in 2023 (Pros & Cons, About, Services etc)". banksethiopia.com. Retrieved 2024-11-24.
  3. ↑ admin (2024-10-29). "Zemen Bank reports strong financial performance despite economic challenges". Capital Newspaper. Retrieved 2024-11-24.
  4. ↑ "Zemen Bank announces its sponsorship of Ethiopia's First Hot-Air Balloon". abyssiniaballooning. 2012-03-20. Retrieved 2024-11-25.
  5. ↑ Fortune, (Addis). "Zemen Bank Expands Reach with Dutch Businesses Partnership" . Retrieved 2024-11-24.
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