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Farooq

History

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History

Bunna International Bank S.C. has joined the Banking industry of Ethiopia following the favorable economic developments witnessed in the country during the last decade and the incessantly growing needs for Financial Services. The bank has obtained its license from the National Bank of Ethiopia (NBE) on June 25, 2009 in accordance with Licensing & Supervision of Banking Business Proclamation No. 592/2008 and the 1960’s Commercial Code of Ethiopia. The Bank officially commenced its operation on October 10, 2009 with subscribed & paid up capital of 308 Million Birr and 156 Million Birr, respectively.

BIB Profile

Bunna International Bank S.C. is uniquely established as the largest number of shareholders’ bank in the country. It has more than 12,500 shareholders that put the bank on a strong base. The Paid up capital of the bank is more than One Billion Birr. The Bank has 177 branches that are distributed throughout Ethiopia. BIB has deployed more than 50 ATMs and many POS terminals. It Continues product and service innovations along with technology adoptions to the satisfaction of its customers.