Addis International Bank

Addis International Bank, also known as ADiB, is a private commercial bank in Ethiopia. The institution was established by a broad base of shareholder groups that included microfinance organizations, Eder institutions, business enterprises, and other investors. It received a banking license from the National Bank of Ethiopia on 31 January 2011 and began operations on 30 May of the same year. The bank was created with equity capital of 109.4 million Ethiopian birr collected from 5,309 shareholders. This shareholder base distinguished its formation from a narrowly held entrepreneurial bank and reflected participation by community-oriented institutions, financial organizations, and commercial investors. Its headquarters are in Addis Ababa, Ethiopia's principal financial and administrative center. As a private commercial bank, Addis International Bank operates within Ethiopia's regulated banking sector. Its business scope includes standard commercial banking activities such as deposit-taking, credit and lending, payment and transfer services, foreign-exchange-related services, and other financial services permitted under Ethiopian banking regulation. Publicly available reference material does not provide enough detail to verify the bank's complete branch network, digital channels, product catalogue, ownership percentages, current executives, or geographic operations beyond Ethiopia. The available historical record identifies 2011 as the bank's founding and operating year. A reported financial milestone occurred in the year ended 30 June 2020, when net profit reached 213.1 million Ethiopian birr and earnings per share reached 225.1 birr. These figures provide a snapshot of reported performance for that period but do not establish the bank's current financial position. No reliable source in the supplied material confirms later financial results, a stock-market listing, a parent company, or a legal merger or acquisition. Addis International Bank's brand position is therefore best understood as that of a domestically focused Ethiopian private commercial bank serving retail, business, and institutional customers. Its public profile is more closely associated with its shareholder-backed establishment, licensing by the National Bank of Ethiopia, and participation in Ethiopia's private banking market than with a widely documented international expansion strategy.

Addis International Bank was established in Ethiopia after receiving a license from the National Bank of Ethiopia on 31 January 2011. It was formed by various groups of shareholders, including microfinance organizations, Eder institutions, business enterprises, and other investors. The institution's initial equity was reported at 109.4 million Ethiopian birr, contributed by 5,309 shareholders. The bank began commercial operations on 30 May 2011, entering Ethiopia's private banking sector at a time when privately owned financial institutions operated alongside state-linked banks under the supervision of the National Bank of Ethiopia. Its Addis Ababa headquarters placed it in the country's principal center for banking, commerce, and public administration. Addis International Bank's documented identity is that of a private commercial bank rather than a specialized microfinance institution, even though microfinance organizations participated in its founding shareholder base. Its activities encompass the conventional functions of a commercial bank, including deposits, lending, payments and transfers, foreign-exchange-related services, and financial services for individual, business, and institutional customers. The supplied reference material does not identify a parent group, foreign operating subsidiaries, or a confirmed international branch network. The available record contains limited detail about the bank's subsequent organizational development, product launches, leadership changes, or branch expansion. One reported performance milestone relates to the financial year ending 30 June 2020: net profit was stated to have risen to 213.1 million Ethiopian birr, while earnings per share reached 225.1 birr. These figures are tied to that reporting period and should not be treated as current results. No confirmed information in the supplied sources establishes that Addis International Bank is publicly listed, has been acquired by another banking group, or has undergone a major rebranding. Its documented history remains centered on its 2011 licensing and launch, its shareholder-funded formation, and its role as an Ethiopian private commercial bank.

• 2020

  Reported profitability milestone

  [1]Addis International Banken.wikipedia.org

  For the year ended 30 June 2020, reported net profit reached 213.1 million Ethiopian birr and earnings per share reached 225.1 birr.

• 2011

  Bank established and licensed

  [1]Addis International Banken.wikipedia.org

  Addis International Bank was established on 31 January 2011 after receiving a banking license from the National Bank of Ethiopia.

• 2011

  Commercial operations begin

  [1]Addis International Banken.wikipedia.org

  The bank began operating on 30 May 2011 after raising reported equity of 109.4 million Ethiopian birr from 5,309 shareholders.

An Ethiopian private commercial bank with a broad shareholder base serving individuals, businesses, and institutional customers.

• Commercial banking

  Deposit services

  Deposit-taking is a core commercial banking activity associated with Addis International Bank. The supplied sources do not identify the bank's precise account types, interest rates, minimum balances, or eligibility requirements, so this entry describes the service at a general level.

• Commercial banking

  Lending and credit services

  The bank provides commercial banking credit and lending services for customers. Public reference material does not specify the full range of consumer, business, institutional, secured, or unsecured facilities, nor does it confirm their terms or pricing.

• Payments

  Payment and transfer services

  Payment, money-transfer, and settlement services form part of the bank's general commercial banking scope. The available material does not provide sufficient evidence to name particular payment platforms, card products, mobile channels, or correspondent arrangements.

• Foreign exchange

  Foreign-exchange services

  Foreign-exchange-related banking is included among the types of services associated with the bank's commercial activities. The supplied sources do not establish the specific currencies, transaction channels, or international banking products offered.

• 2020

  Addis International Bank reports 213.1 million birr net profit for the year ended 30 June 2020[1]Addis International Banken.wikipedia.org

  Other

  Reference material reports that Addis International Bank's net profit reached 213.1 million Ethiopian birr and earnings per share reached 225.1 birr as of 30 June 2020.

1. 1Addis International Banken.wikipedia.org