Bunna International Bank
Native name | ቡና ኢንተርናሽናል ባንክ |
|---|---|
| Company type | Private |
| Industry | Financial |
| Founded | 10 October 2009 |
| Headquarters | Bole Rwanda, Bole Road, Addis Ababa, Ethiopia |
Area served | Ethiopia |
Key people | Mulugeta Alemayehu (CEO) |
| Revenue | 625 million birr (2019) |
| Total assets | 54.53 billion birr (2025) |
| Owner | Bunna International Bank S.C. |
Number of employees | 4,100 (2024) |
| Website | bunnabanksc |
Bunna International Bank (Amharic: ቡና ኢንተርናሽናል ባንክ) is a private commercial bank in Ethiopia, established in 2009. It was founded by over 10,000 shareholders and granted license from the National Bank of Ethiopia (NBE) on 25 June 2009.
History
Bunna International Bank was established on 10 October 2009 by over 10,000 shareholders with subscribed and paid-up capital of 308 million and 156 million birr.[1][2] On 25 June 2009, the bank obtained a license from the National Bank of Ethiopia (NBE).[3][4][5]
As of June 2019, Buna International Bank revenue grew to 625 million birr, 46% increase from the previous fiscal year.[6] In February 2025, the banks total assets reached to 54.53 billion birr and its deposits increased by 20% with 43.87 billion birr, which is praised by some analysis for market enlargement.[7] Ato Mulugeta Alemayehu has been the CEO of Buna International Bank after since 12 September 2018, after serving as vice-president of the Commercial Bank of Ethiopia (CBE).[8]
See also
References
- ^ "Bunna International Bank Partners With Finacle From Infosys" (PDF). Retrieved 24 March 2025.
- ^ "Chapter One: 1.1 Background of Bunna International Bank | PDF". Scribd. Retrieved 2025-03-24.
- ^ "Bunna International Bank Partners With Finacle From Infosys for Banking Transformation". Finacle. Retrieved 2025-03-24.
- ^ Fortune, (Addis). "Bunna Bank Introduces New Look". Retrieved 2025-03-24.
- ^ "allAfrica.com: Ethiopia: Bunna First Newcomer Bank to Show Profit in Years". web.archive.org. 2011-01-20. Retrieved 2025-03-24.
- ^ "[March 2025] Bunna Bank Profit Latest Ethiopian News". AddisBiz.com. Retrieved 2025-03-24.
- ^ Fortune, (Addis). "Bunna Bank's Asset Surge, Credit Jump Cloak Profit Squeeze During Inflation Strain". Retrieved 2025-03-24.
- ^ Endeshaw, Dawit (2017-05-13). "Central Bank Approves Bunna's President". www.thereporterethiopia.com. Retrieved 2025-03-24.