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.
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2 October 2008 |
| Headquarters | , Ethiopia |
Area served | Ethiopia |
Key people | Dereje Zebene (CEO) |
| Products | Banking services |
| Revenue | 7.8 billion birr (2024) |
| 2.5 billion birr (2023) | |
Number of employees | 438 (2023) |
| Website | zemenbank |
History
editZemen 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]
References
edit- ^ "Annual Report 2009" (PDF). p. 14.
- ^ "Zemen Bank Review in 2023 (Pros & Cons, About, Services etc)". banksethiopia.com. Retrieved 2024-11-24.
- ^ admin (2024-10-29). "Zemen Bank reports strong financial performance despite economic challenges". Capital Newspaper. Retrieved 2024-11-24.
- ^ "Zemen Bank announces its sponsorship of Ethiopia's First Hot-Air Balloon". abyssiniaballooning. 2012-03-20. Retrieved 2024-11-25.
- ^ Fortune, (Addis). "Zemen Bank Expands Reach with Dutch Businesses Partnership". Retrieved 2024-11-24.