In an era where commercial banking services were in an inchoate stage and striding towards transforming different sectors of the economy, Bank of Abyssinia's founders believed in the need for a bank that gives comprehensive commercial banking services. Thus, the Bank of Abyssinia (BoA) was open for business in 1996 with enthused initiation and determination.
The name Abyssinia resembles bravery and character which are the core attributes of BoA. Its identity is demarcated with a sense of hope, optimism, and belief as it is perfectly displayed in its logo, the Adey Abeba. Adey Abeba brings the promise of a new beginning. BoA brings that very sense to all the customers it engages with. Working with and through BoA brings sustained success with the help of a bank that is a symbol of determination and hard work.
Ownership
Bank of Abyssinia is a share company of private individuals who amass experience and success in different areas including business, entertainment and education. Such diverse ownership not only reflects the company's determination and willingness to succeed in the sector it operates in, but also signify its ability to work together towards building a successful business venture and commercial bank service.
The Choice for All
BoA's commitment to deliver quality commercial products along with first class customer service makes BoA the most suitable bank for all. Adopting its tagline in such manner reflects BoA's deep association with the society. With more financial products and services BoA has demonstrated through the years that is a Bank for all and any kind of customer.
Vision
Tirelessly Working to achieve our vision
To become the leading commercial bank in East Africa by the year 2030.
Mission
Our mission enables us to drive forward with aim
Provide excellent financial services through competent, motivated employees and digital technology in order to maximize value to all stakeholders.
Values
Our values reflect our identity
- Customer Satisfaction
- Integrity
- Team work and Collaboration
- Caring for our community
Strategic Partnership
Bank of Abyssinia, to build its brand traction and expand its customer base, has formed a strategic partnership with different international organizations based in Ethiopia.
Corporate Social Responsibility
As one of our core values, the Bank of Abyssinia promotes corporate social responsibility. It believes the well-being and improved living conditions of our community will benefit us all. As such, BoA participates in various national projects and other social and economic initiatives. These include the construction of the Ethiopian Grand Renaissance Dam, the establishment of the Ethiopian Cardiac Center, Ethiopia Rotary Club, and the establishment of Ethiopian Women Traders' Associations.
Current Capital
Through its 928 branches in the country, BoA serves over 13 million customers. BoA's well-structured financial service system is connected through the T-24 core banking system. This coupled with the 1429 ATM machines, 33 virtual banking centers, and more than 2333 POS placed in different locations to afford customers to access their accounts from anywhere at any time. BoA also increased its capital from ETB 50 million to ETB 20,419,148,035.
Total Asset
The total assets of Bank of Abyssinia have reached ETB 218,513,875,231.
13,078,605 Customers
11,575 Employees
928 Branches
1,429 ATMs
33 Virtual Banking Centers