Berhan Bank
| Company type | Private |
|---|---|
| Industry | Financial |
| Founded | 27 June 2009 |
| Headquarters | , Ethiopia |
Area served | Ethiopia |
Key people | Ermias Tefera (President) Eligo Legesse (Chairperson) Ermias Girma (Vice Chairperson) |
| 337.6 million (2020/21) | |
| Owner | Berhan Bank S.C |
Number of employees | 5,283 (2020/21) |
| Website | berhanbanksc |
Berhan Bank (Amharic: ብርሃን ባንክ) is a private commercial bank in Ethiopia established in 2009 under Article 304 of Ethiopian Commercial Code.
As of November 2024, the bank expanded its branches into 17 offices.[1]
History
Berhan Bank was established on 27 June 2009 by Article 304 of Ethiopian Commercial Code.[2][3] Its initial capital was 300 million birr with registered capital of 154.7 million birr. On 3 October 2009, the bank began its operation and expanded its branches into 17 offices as of November 2024.[4][5]
On 5 November 2021, Bethlehem Getachew was appointed as the new acting president of the bank after the resignation of Abraham Alaro, who had served from 2014.[3] On 10 January 2024, Ermias Tefera has been the new president.[6]
Berhan Bank's employee's profit grew from 91,959 birr to 197,903 birr in November 2024.[1]
See also
References
- ^ a b Fortune, (Addis). "Berhan Bank Makes Stunning Comeback With Soaring Profit". Retrieved 2025-02-26.
- ^ "Berhan Bank Profile". www.ethiopiancapitalmarket.com. Retrieved 2025-02-26.
- ^ a b Teshome, Metasebia (2021-11-08). "Berhan Bank appoints acting President". Capital Newspaper. Retrieved 2025-02-26.
- ^ Fortune, (Addis). "Berhan Bank Makes Stunning Comeback With Soaring Profit". Retrieved 2025-02-26.
- ^ "Ethiopia: Berhan Bank Reports Spike in Profits". allAfrica.com. Archived from the original on 2016-11-09. Retrieved 2025-02-26.
- ^ Fortune, (Addis). "Berhan Bank Returns Former VP as President". Retrieved 2025-02-26.