Bank of Abyssinia
www.bankofabyssinia.com/Founded: 1996 — Modern bank established in 1996; name references Ethiopia’s early modern banking heritage.
Headquarters: Addis Ababa, Ethiopia
Regulator: National Bank of Ethiopia (NBE)
Ownership: Private commercial bank (share company)
Branches: 900+ (reported)
Financial Highlights
Profit (Pre-tax): Birr 5.28 billion (FY ended June 30, 2024)
As of: FY ended June 30, 2024
From BOA 2023/24 Annual Report.
About Abyssinia
Bank of Abyssinia is a major private commercial bank providing retail, SME, and corporate banking services. It supports domestic payments, card/ATM access, and international banking services typically associated with large commercial banks (e.g., trade finance and international transfers). The bank publishes annual reports with performance summaries and governance disclosures.
Large private bank network with nationwide service points.
Business Segments
Services
Retail
- Deposit accounts and teller services
- ATM/debit card services
- Consumer banking products (varies by policy/branch)
SME
- Business accounts
- Collections
- Working capital (policy-dependent)
Corporate
- Cash management
- Corporate finance (policy-dependent)
- Payroll/bulk payments
International
- Trade finance (LCs)
- International transfers (SWIFT-enabled)
Digital Channels
Key Milestones
- • Expanded national footprint as one of Ethiopia’s largest private banks
- • Publishes annual reporting with financial and governance highlights
Sources
Annual ReportsCompare exchange rates: View live Abyssinia exchange rates for USD, EUR, GBP, and more on our Birr Value dashboard.