The present-day Bank of Abyssinia was established on February 15, 1996 (90 years to the day after the first but defunct private bank was established in 1906 during Emperor Menelik II) in accordance with 1960 Ethiopian commercial code and the Licensing and Supervision of Banking Business Proclamation No. 84/1994.
BOA started its operation with an authorized and paid up capital of Birr 50 million, and Birr 17.8 million respectively, and with only 131 shareholders and 32 staff. In about sixteen years since its establishment Bank of Abyssinia has registered a significant growth in paid up capital and total asset. It also attracted many professional staff members, valuable share holder and large customers from all walks of life.This performance indicates public confidence in the Bank and reliability and satisfaction in its services.
Currently, employing the state-of-art banking technology, the Bank provides excellence domestic, international and special banking services to its esteemed and valuable customers. It also strives to serve all economic and services sectors via its ever increasing branch networks through out the country.
VISION MISSION AND VALUE
Vision: - As “Abyssinia” is the ancient name of our great nation and that of the pioneer bank of the land, Bank of Abyssinia‘s vision is to live up to this legacy through continuous innovation and provision of world- class banking services.
Mission:- The mission of Bank of Abyssinia is to provide full-fledged domestic and international banking services through qualified and motivated employees, utilization of modern technology, through socially and ecologically responsible practices, as well as ensuring profitability and growth.
Values:- Bank of Abyssinia is guided by the following values: Integrity, Honesty and Loyalty, Efficient Customer Service, Commitment, Equal Employment Opportunity, Employees Satisfaction, Team Spirit, Good Corporate Governance, Social Responsibility, Innovation, and Fair return to Shareholders. Since its establishment, guided with clear vision, mission and values, BOA has made grate strides in business growth and development. Consequently upon this, as of June 30, 2014 the following have been registered.