Shareholders


Abay Bank has about 4,000 shareholders all over the country, and the composition of the shareholders are the public mainly farmers, cooperatives, unions and businessmen. The subscribed and paid-up capital of the Bank reached Birr 1 Billion as of June 30, 2017.

To enhance its competitiveness and strength, the Bank is currently waiting for the approval of National Bank of Ethiopia to raise its capital over ETB 1 Billion.

Requirements to Buy Shares

It is based on the directive of the National Bank of Ethiopia.

About the Bank's Share Sales

  • The par value of one share is Birr 1,000.00;
  • Minimum investment is fifty shares or Birr 50,000.00.

Share Payment Method

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.

Services Charge or Premium

  • When you subscribe to Abay Bank's share, you will pay a premium of 10% of the purchased value of shares.

 




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