Wegagen Bank
www.wegagen.com/Founded: 1997
Headquarters: Addis Ababa, Ethiopia
Regulator: National Bank of Ethiopia (NBE)
Ownership: Private commercial bank (share company)
Branches: 397+ (reported)
Financial Highlights
Paid-up Capital: 1.8+ billion ETB (reported)
Verify latest annual report for audited figures.
About Wegagen
Wegagen Bank is a private commercial bank offering retail and business banking services, domestic transfers, card and ATM access, and corporate services such as payroll and cash management. It is recognized in public histories for early adoption of core banking systems relative to peers and has expanded its footprint to serve customers across Ethiopia.
Business Segments
Services
Retail
- Savings/current accounts
- ATM/debit services
- Domestic transfers
SME
- Business accounts
- Collections
- Working capital (policy-dependent)
Corporate
- Payroll
- Corporate accounts
- Cash management
International
- International transfers and trade-related services (where offered)
Digital Channels
Key Milestones
- • Expanded national footprint
- • Early core banking modernization referenced in public profiles
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