Amhara Bank

What Amhara Bank does

Amhara Bank S.C. is an Ethiopian commercial bank founded in 2021 and headquartered on Ras Mekonnen Avenue in Addis Ababa, operating under a Share Company (S.C.) legal structure with a uniquely broad retail shareholder base of over 163,000 subscribers and 7.4 billion ETB in paid-up capital. The bank delivers a full-service commercial banking platform covering domestic accounts (savings, demand deposits, fixed time deposits), personal and business loans, foreign currency and diaspora banking, trade services, international wire transfers, and remittances via partnerships with Dahabshil, Ria, Western Union, and EThiodash. It distributes these products through a multi-channel architecture consisting of physical branches across Ethiopia, ATM and POS terminals, agency banking correspondents, internet banking, the ABa Mobile Banking smartphone app (Android/iOS), and USSD-based mobile banking at *690# for feature-phone users.

Its core technology stack is a standard digital banking infrastructure with no disclosed AI/ML or developer-facing APIs, but it carries SWIFT membership under code AMHRETAA and maintains correspondent relationships with Equity Group, CAC International Bank, and Bank of Beirut. The bank operates a differentiated Sharia-compliant division branded Marhaba (Interest-Free Banking), offering Wadiah, Mudarabah, Amanah, Murabaha, Ijara, Musharaka, Wakalah, and Kafalah products. Revenue is generated primarily through interest income on lending, deposit account fees, trade and remittance transaction fees, and digital/foreign currency banking fees, with specific tariffs not publicly disclosed. Recent strategic moves include a Visa partnership to modernize digital payments, correspondent banking agreements with Cooperative Bank of Kenya and Bank of Beirut, an MOU with Wegagen Capital Investment Bank, and a youth-focused digital commerce alliance with EITRED Group, while reporting over 2 billion ETB in net profit and 43.4 billion ETB in total assets for fiscal year 2018 E.C.

Name

Amhara Bank

Legal name

Amhara Bank S.C

Website

https://amharabank.com.et

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Amhara Bank S.C. is an Ethiopian commercial bank serving retail, business, trade, and Islamic finance customers through branches, mobile, USSD, and agency banking channels, funded by 163,000+ shareholders.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Commercial banking services
• Digital banking
• Islamic finance
• International trade finance
• Foreign currency banking

Headquarters

HQ city

Addis Ababa

HQ country

Ethiopia

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Lending: The bank earns interest income from loans extended to retail and corporate customers, including personal loans, business loans, and trade financing.
2. Deposit Account Fees and Charges: Fees from maintaining current accounts, demand deposit accounts, fixed time deposits, and foreign currency accounts for customers.
3. Trade Services and International Banking: Revenue from trade services, foreign transfer services, remittance services, and international trade financing.
4. Digital Banking Services: Fees from mobile banking, internet banking, card banking, and agency banking services.
5. Foreign Currency Banking: Income from foreign currency savings accounts, diaspora deposit products, non-repatriable savings accounts, retention accounts, and non-resident foreign currency accounts.

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Amhara Bank S.C is a full-service Ethiopian commercial bank offering deposit products (savings, current, fixed time, FCY accounts), lending services (personal and business loans), international banking (trade services, wire transfers, remittances), and Sharia-compliant products through its Marhaba Interest-Free Banking division. The bank serves retail, corporate, and diaspora customers across Ethiopia through an extensive physical branch network and digital channels including the ABa Mobile Banking app, USSD (*690#), internet banking, card banking, and agency banking correspondents.

Product overview

Amhara Bank S.C is an Ethiopian commercial bank offering a comprehensive suite of banking products through multiple delivery channels. The portfolio consists of traditional domestic banking (savings, current, and fixed deposits), international banking services (trade finance, remittances, wire transfers), loan products (personal and business), and foreign currency banking. The bank operates a digital-first strategy with ABa Mobile Banking App (available on Android/iOS), USSD banking (*690#), internet banking, card services, and agency banking as its primary digital channels. A distinct Islamic banking division called Marhaba offers Sharia-compliant products using Wadiah, Mudarabah, Amanah, Wakalah, and Kafalah structures. The bank processes remittances through partnerships with Dahabshill, Ria, Western Union, and EThiodash, and maintains correspondent banking relationships with institutions including Equity Group and Bank of Beirut.

Differentiator

Problem solved

Functional benefit

Brands

• Marhaba: Interest Free Banking (IFB) division providing Islamic banking products including Wadiah, Mudarabah, Amanah, Wakalah, and Kafalah products.

Products and services

• ABa Mobile Banking App

Quantifiable outcome

• Net profit exceeding 2 billion ETB in fiscal year 2018 E.C.
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Cooperative Bank of KenyacoreStrategic or Co-development Partner · 23 July 2026Amhara Bank hosted a delegation from Cooperative Bank of Kenya to explore strategic partnership opportunities aimed at strengthening correspondent banking and international trade services. The meeting reaffirmed both institutions' commitment to fostering mutually beneficial partnerships in East Africa.
• Bank of BeirutcoreStrategic or Co-development Partner · 22 May 2026Amhara Bank held a productive discussion with Bank of Beirut (based in London) regarding international banking services. The meeting focused on enhancing correspondent banking relationships between the two institutions for international trade facilitation.
• VisacoreTechnology or Integration · 23 March 2026Amhara Bank and Visa signed a strategic partnership to modernize and improve Ethiopia's digital payment system. The agreement aims to enhance digital payment services and expand financial inclusion in Ethiopia through Visa's payment technology and infrastructure.
• Wegagen Capital Investment BankminorStrategic or Co-development Partner · 18 December 2025Amhara Bank and Wegagen Capital Investment Bank signed a memorandum of understanding regarding bond subscription and joint collaboration in securities investment, signed at Wegagen Capital's headquarters.
• EITRED GroupminorStrategic or Co-development Partner · 20 September 2025EITRED Group and Amhara Bank are working together to empower Ethiopian youth through digital trade facilitation via Soukhou Africa. The partnership aims to enable Ethiopian youth participation in digital commerce across Africa.

Scale indicators8 records

Recent moves6 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

• Xx.com/Amharabanksc
• YouTubeyoutube.com/channel/UC73x9uuGYV0Uxw0EkpVZN8g
• Facebookfacebook.com/amharabanksc1
• LinkedInlinkedin.com/company/amharabank
• Instagraminstagram.com/amhara_bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amhara Bank