Awash Bank announced that it has bought 70 million Birr shares from the Ethiopian Capital Market.

Awash Bank announced the purchase of 70 million Birr shares in a press conference held at the bank’s headquarters on February 29, 2024, based on the Ethiopian capital market’s opportunity for financial institutions.
The Chief Executive Officer of our bank, Ato Tsehay Shiferaw, said in a press conference that the establishment and development of a capital market in a market-led economic system by gathering capital for investment will have a significant impact on the economic growth of a country. They stated that it had a negative impact on the country’s economic growth.
According to the capital market establishment decree, the Ethiopian Securities Exchange was established as a share company, and among the sectors prioritized to become members of the stock market, financial institutions are the first row, according to Dr. Tilahun Ismail, the CEO of the Ethiopian Securities Exchange.
As you know, since its inception, Awash Bank has contributed to the economic growth of our country and the improvement of our society by providing modern and reliable banking services to the public for the past 29 years and is still contributing.

May 30, 2024 EXCHANGE Rate
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