Addis International Bank

Addis International Bank (Amharic: አዲስ ኢንተርናሽናል ባንክ; ADiB) is a private commercial bank in Ethiopia established in 2011 by various groups of shareholders, microfinance, Eder institution and other business enterprises and investors.^[1]

Addis International Bank

Native name	አዲስ ኢንተርናሽናል ባንክ
Company type	Private
Industry	Financial
Founded	31 January 2011; 14 years ago (2011-01-31)
Headquarters	Jomo Kenyatta St, Addis Ababa , Ethiopia
Number of locations	146
Area served	Ethiopia
Key people	Hailu Alemu (President)
Services	Mobile banking Retail
Net income	213.1 million birr (2020)
Website	addisbankib.com.et

History

Addis International Bank (ADiB) was founded on 31 January 2011 after obtaining license from the National Bank of Ethiopia (NBE) by various groups of shareholders, microfinance, Eder institution and other business enterprises and investors.^[1] Started its operation on 30 May 2011, the bank was established by collected 109.4 million birr from 5,309 shareholders equity.^[2][3][4]

As of 30 June 2020, Addis International Bank net profit was increased to 213.1 million birr and earnings per share to 225.1 birr.^[5]

See also

• List of banks in Ethiopia