Abay Bank has more than 3,600 shareholders overall the country, and the composition of the shareholders are the public mainly farmers, cooperatives, unions and businessmen. The paid-up capital of the Bank reached Birr 720 Million as of June 30, 2016 and its subscribed capital was around Birr 728 Million.
To enhance its competitiveness and strength, the Bank recently increased its capital from ETB 500 Million to ETB 1 Billion, and is undergoing extensive sales of its share to the public. On this occasion, we are pleased to inform you that you can buy the highly profitable share of Abay Bank and own the Bank.
It is based on the directive of the National Bank of Ethiopia.
The Bank follows full payment method for the subscription of shares. By this, the subscribers will make a full payment of the share along with the premium at once at the time of signing the application.