Tsehay Bank is an Ethiopian commercial bank launched in July 2022, operating in Ethiopia. The bank started with 30 branches in Addis Ababa, and as of 2023, the number of branches has increased to over 91 service centers throughout Ethiopia.[1] The bank is known for its "Bank for All" motto. It is one of the privately owned banks licensed by the National Bank of Ethiopia (NBE) to operate in Ethiopia.[2]
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | July 23, 2022 |
| Headquarters | , |
Number of locations | 89 branches (2023) |
Area served | Ethiopia |
Key people | Yared Mesfin Belayneh (CEO) |
| Products | Banking services |
| Website | tsehaybank |
History
editTsehay Bank was launched in July 2022 and had collected over half a billion capital (734 million Ethiopian birr ETB) before starting operation making it among the few banks which collected above the minimum capital requirements set by the NBE.[3] Soon after its inauguration, the bank had raised its capital from 2.8 to 5 billion ETB.[4]
Yared Mesfin Belayneh was Tsehay Bank's founding CEO.
Operations
editTsehay Bank headquarter is located at Sierra Leone Av., Meaza Desalegn Tower, Beklo Bet, Kirkos Sub-city, Addis Ababa, Ethiopia. The bank's SWIFT Code is TSCPETAA.[5]
References
edit- ^ "TSEHAY BANKS'S SUNNY DAY". Fortune. No. 1160. Addis Fortune. July 23, 2022. Retrieved 28 May 2023.
- ^ "List of Banks in Ethiopia". National Bank of Ethiopia. Retrieved 28 May 2023.
- ^ "Four banks close to going operational". The Reporter. Media & Communications Center. March 20, 2021. Retrieved 28 May 2023.
- ^ "Ethiopia: Tsehay Bank Increases Its Capital". 2Merkato.com. eBiz Online Solutions PLC. Retrieved 28 May 2023.
- ^ "Tsehay Bank BIC - TSCPETAA". Swift. Swift. Retrieved 28 May 2023.
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