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Berhan Bank
Private commercial bank in Ethiopia From Wikipedia, the free encyclopedia
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Berhan Bank (Amharic: ብርሃን ባንክ) is a private commercial bank in Ethiopia established in 2009 under Article 304 of Ethiopian Commercial Code.
As of November 2024, the bank expanded its branches into 17 offices.[1]
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History
Berhan Bank was established on 27 June 2009 by Article 304 of Ethiopian Commercial Code.[2][3] Its initial capital was 300 million birr with registered capital of 154.7 million birr. On 3 October 2009, the bank began its operation and expanded its branches into 17 offices as of November 2024.[4][5]
On 5 November 2021, Bethlehem Getachew was appointed as the new acting president of the bank after the resignation of Abraham Alaro, who had served from 2014.[3] On 10 January 2024, Ermias Tefera has been the new president.[6]
Berhan Bank's employee's profit grew from 91,959 birr to 197,903 birr in November 2024.[1]
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See also
References
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