National Bank nullifies Anbesa Bank board election

Kiswahili

The National Bank of Ethiopia has nullified Anbesa Bank's board election held eight months ago and ordered a fresh vote under regulatory supervision.

The National Bank of Ethiopia has nullified the board election of Anbesa Bank eight months after it took place. It ordered a fresh vote under regulatory supervision.

Anbesa Bank reported its strongest financial year in 2024/25. Gross profits nearly doubled to 1.8 billion Br. Assets reached 54 billion Br. Deposits grew to 44 billion Br under President Daniel Tekeste.

The internal dispute is split between two main camps over a capital raise.

Makala yanayohusiana

Anbesa Bank shareholders seek urgent meeting with NBE Governor after board election approval revoked

Shareholders representing about 35 percent of Anbesa Bank’s paid-up capital have petitioned for an urgent meeting with National Bank of Ethiopia Governor Eyob Tekalign. The request follows the central bank’s revocation of its approval for the election of the bank’s board of directors.

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