enat bank board of directors

Enat Bank, the first women’s bank in Ethiopia, was launched on Tuesday in Addis Ababa, the country’s capital. Services provided by Enat Bank NBT BANK. Independent Non-Executive Director. According to the bank’s financial statement, the profit per share of a thousand birr / earning per share in fiscal year 2019 / 2018 was 207 birr. Our Contact Abay Bank S.C Head Office: Zequala Complex, Jomo Kenyatta Avenue, Addis Ababa, Ethiopia. The bank stands out among African banks with women owning 64 percent of its shares and holding leadership positions from senior bank management to the Board of Directors. MENU MENU. September 2019: Zemzem Bank Managers 630 June 5, 2012 Office June 2020: The Board of Directors of Zemzem Bank was approved by the National Bank of Ethiopia. Correspondent Banks. Age & Nationality: 62 years old, Filipino. President: Annagrazia Laura, Italy. Board Chairman: Mr. Kebede Borena. By Bewket Abebe. The bank officially opens its door for service on March 5, 2013. The board composition is also impressive with seven women and four courageous men. He worked as guest researcher at the Central Bank of the Republic of Turkey; then General Secretary for a brief period, and served as Vice-Chairman between 1988 and 1993. In 2017, she was the guest speaker at the Businesswoman of the Year Awards which was organized in South Africa. Women own 64 percent of the bank, and compose many major leadership positions from the senior bank management to the Board of Directors. During her tenure as Chairman of the Bank’s Board of Directors until 2017, she multiplied Enat’s profits by five, reaching 100 million birr. The majority of the shares (70%) are owned by female investors, its CEO is a woman and six of its 11 board of directors are women. Enat Bank surpassed the first one Billion Birr deposit mark in its first year operation.This was disclosed by Meaza Ashenafi, the Bank’s Board of Directors Chairperson, during the Enat’s annual report on December 7, 2014. Meaza is also founder of ENAT bank and the Chairperson of the Board of Directors. It is the Bank’s target to ensure a sufficient level of liquidity to be able to continue disbursing new loans and fulfil all payment obligations for one year forward, without necessitating additional funding. Ermias served as vice president of Enat for the past six years before replacing Wondwossen Teshome who resigned mid-last month. She helped lead the development of the first women’s bank in Ethiopia, Enat Bank, which was established in 2011 and as of 2016 chairs its board of directors. Enat’s 11-person board of directors (6 women and 5 men) boasts leaders from varied economic, social banking and other business backgrounds. NBT BANK. Financial Advisor MH Engineering plc . Currently, Meaza Ashenafi, the founder and former Chair of the Ethiopian Women Lawyers Association and founding member of ENAT Bank, serves as the Chairwoman of the female founding members/promoters. 1 Annual Report 2018/19 Debub lobal Bank 2 take comfort in knowing that the best is yet to come as we have set targets that would require us to stretch at every turn and we are committed to do so. Our Contact Abay Bank S.C Head Office: Zequala Complex, Jomo Kenyatta Avenue, Addis Ababa, Ethiopia. In the previous year, it was 171 birr per share. This target was reached in 2011. Business Experience and Track Record: ... Directors: Board Directors are nine prominent businessmen and professionals. As 30 th June (in Millions Birr) 2011/12. Directors must comply with Qudos Bank’s corporate governance policies, as set out in the Board Charter, including the Directors’ and Officers’ Code of Conduct, annual fit and proper assessments, annual Board and Director evaluations (e.g. NBT INSURANCE AGENCY, LLC. Addis Ababa. ENAT and the future: strategies for consolidation and development. Enat’s 11-person board of directors (6 women and 5 men) boasts leaders from varied economic, social banking and … In 2017, the bank granted loans of 2.4 billion birr. Nigiste Saba-Bole Medhanealem. Short biographies of the ENAT Board of Directors, 2017. Women own 64 percent of the bank, and compose many major leadership positions from the senior bank management to the Board of Directors. The Board made the decision after a dispute arose between the president and board members over the resignation of employees at the top level, including the human resources director, who left the post recently, according to sources at the Bank. Like borkena on Facebook and get … Addis Ababa. CONTENTS BOARD OF DIRECTORS 4 SENIOR MANAGEMENT 5 CHAIRMAN’S STATEMENT 6 SHAREHOLDERS’ MEETING 9 DIRECTORS’ REPORT 10 CUSTOMER SNAPSHOTS 20 AUDITORS’ REPORT 24 Together with the Board of Directors, the Chief Executive Officer ensures the accomplishment the Company’s mission and vision and the accountability of the Company to its stakeholders. Enat’s 11-person board of directors (6 women and 5 men) boasts leaders from varied economic, social banking and … Currently, Meaza Ashenafi, the founder and former Chair of the Ethiopian Women Lawyers Association and founding member of ENAT Bank, serves as the Chairwoman of the female founding members/promoters. Education: Commerce degree from the Santa Clara. Resource to Download. https://www.enatbanksc.com/wp-content/uploads/2020/11/List-of-candidates-for-Enat-bank-Board-of-Directors-3-2.pdf. Our name of ‘mother’ signifies our attitude to all clients – we want to take care of you. Bio: Ato Ermias Andarge is a qualified banker with more than 18 years of experience in two different commercial banks assuming different positions, including the Finance Director position for Bank of Abyssinia and Enat Bank. Meaza Ashenafi, President of the Ethiopian Federal Supreme Court, … This target was reached in 2011. the Bank’s community across the board remained committed to the Bank’s vision. 768. The 11-person board of directors is 6 women and 5 men with several and different backgrounds. Read more. 12 | Bank of Abyssinia S.C Annual Report 2019/20 Report of the Board of Directors 1. The National Bank of Ethiopia (NBE) has approved Ermias Andarge as the third president of Enat Bank beginning December 31, 2020. The MOU is signed by Admassu Tadesse, TDB President and Chief Executive, and Wondwossen Teshome, Enat Bank President, in the presence of H.E. Meaza was selected to be the chair of the Board of Directors until the time she was appointed as chief justice in 2018. 115500683. Managing Director: Ivor Ambrose, UK and Greece. In previous roles, he headed Industry, Competitiveness and Regulatory Policy at the Institute of Policy Studies of Sri Lanka, was at the Presidential Commission on Taxation (2009), and has been a consultant for the World Bank, Asian Development Bank, UNDP, UNESCAP, and GIZ. Enat Bank will increase profits for shareholders while also supporting social causes. Board of Directors; Organizational Structure Board of Directors Sub Committees ; Leadership Team. Board of Directors View printer-friendly version | Receive E-mail Alerts: Corporate Governance. In spite of the many challenges in the fiscal year, the Bank’s Board of Directors reported that the bank was able to increase it’s profits. Current Account. Rupiah Banda, Former President of the Zambia and Member of the TDB Eminent Panel of Advisors, H.E. He was Vice-Chairman of the Board of Directors at Tekfenbank (Eurobank Tekfen) between 1995 and 2008. 1 Annual Report 2018/19 Debub lobal Bank 2 take comfort in knowing that the best is yet to come as we have set targets that would require us to … The boards of directors are also mainly control oriented rather than strategic or service oriented leaders. Capital: capital ETB 523.35 million as at February 15,2020 Asset: ETB 2.5 Billion. Addis Ababa, Ethiopia – The Board of Directors of Enat Bank has suspended its founding president, Fasika Kebede, effective Thursday, September 26, 2013, Fortune has learnt.. 638. He served on Tekfen Holding's Board of Directors between 2008-2020. TRANSACT. There are more than 17,000 shareholders who have invested in Enat Bank of whom more than %60 are female. Soon the founding members will pass on the reigns to an elected Board of Directors which per ENAT’s requirement will be a gender equal Board, with 50-50 representation. Wollo Sefer, Addis Ababa, Ethiopia Mon - Sat 8.00 - 18.00 Local Time +251111580861\62 INTERNET BANKING. 1. 549. Addis Ababa and London, 10 February 2019: Enat Bank has partnered with leading digital money transfer service, WorldRemit for digital money transfers to Ethiopia. Enat Bank Board of directors nominees list. Showing 1 to 14 of 14 entries. The President and the two Vice Presidents (Vice President – Operations and Vice President – Corporate Services) appointed by the Board of Directors, are responsible for the day-to-day activities and are accountable for the financial and operational performance of the Bank. You also sit on the Board of Directors of the local Chamber of Commerce and you are one of the founders of Enat Bank, a bank that was established by Ethiopian women entrepreneurs. Our name of ‘mother’ signifies our attitude to all clients – we want to take care of you. The Bank’s strong performance can further be underpinned by the unwavering objectives to serve our customers, and a set of shared commitment to contribute towards the development of the national economy. Enat Bank Board of Directors: See below the board members of Enat Bank W/ro Hanna Tilahun – Board Chair Person Wro Hanna Tilahun is a Certified Public Accountant, owner and Managing Director of Bezalel Construction Material Manufacturing PLC, Ethiopia. Over 7,000 shareholders – 64% of whom are female – have already invested in Enat. Enat Bank Board of Directors & Executive Management Team visited the future Headquarters site of the Bank, located around National Bank of Ethiopia, which is the financial street of the city. Board Directors DEBUB GLOBAL BANK Executive Management Belay Namaga Director, Legal Service Dep’t. She chaired the Bank’s Board of Directors for six years. Loc-Kasanchis (Enat Tower Bambis) Tel. Meaza has received numerous awards for philanthropy and leadership, including the African Leadership Prize; and is an active member of several women’s rights advocacy organizations. Vice Presidents: Jesús Hernández Galán, Spain and Spyros Michailidis, Greece. Enat Bank was initiated by a diverse group of 11 powerful Ethiopian women, and this tight team of founders has shepherded Enat from an idea to a reality. Executives & Directors Message Chairman of the Board; From the President NIB’s Departments. He also serves on the Boards of Fair first Insurance Ltd and Seylan Bank PLC as an Independent Non-Executive Director. “Enat Bank was launched to assist women by getting money from investors to deposit as collateral for women in business, and we see that the bank is making a great difference to women business owners.” 465. University in California and Masters in Management degree from the Kellogg School of Management, Northwestern University in Evanston, Illinois, USA. 2012/13. Soon the founding members will pass on the reigns to an elected Board of Directors which per ENAT’s requirement will be a gender equal Board, with 50-50 representation. Zemen Bank stands for innovation and excellence in everything we do. Board Directors DEBUB GLOBAL BANK Executive Management Belay Namaga Director, Legal Service Dep’t. The Board of Directors examines the standing of members and may cancel the membership for any reason, including non-payment after a reminder has been sent. In November 2018, she became the first female Chief Justice of Ethiopia. Enat Bank will increase profits for shareholders while also supporting social causes. Enat Bank, the first women’s bank in Ethiopia, was launched on Tuesday in Addis Ababa, the country’s capital. Report of the Board of Directors … Investment Solutions. Rt Hon Sir John Key GNZM AC. Hailemariam Desalegn, Former Prime Minister of Ethiopia, H.E. The Bank's products and services include deposits, loans, international banking, women financing and other services. The constitution and bylaws were approved. Rupiah Banda, Former President of the Zambia and Member of the TDB Eminent Panel of Advisors, H.E. I will start with Enat Bank. Our name of ‘mother’ signifies our attitude to all clients – we want to take care of you. Our hope is to show-case what women can do and to serve as a best practice project in Africa.Currently Chair of Enat Banks Board of Directors. Enat provides consumer and commercial banking services coupled with non-financial services such as capacity building workshops and financial literacy programs for women. The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. The year 2018/19, brought its opportunities Our Board of Directors - NCBA Bank. DIASPORA. Meaza is also founder of ENAT bank and the Chairperson of the Board of Directors. Initiated by eleven Ethiopian women and with about 7400 shareholders, the bank has been set to serve all with focus on women. The establishment of Enat marks a unique point in Ethiopian and African banking history. Lion International Bank is led by eleven Board of Directors’ elected by the General Assembly. Profit of the Bank. by marketing_dept | Nov 16, 2020 | Uncategorized | 0 comments. The establishment of Enat marks a unique point in Ethiopian and African banking history Women own 64 percent of the bank, and compose many major leadership positions from the Board of Directors to the senior bank management. Past Positions: Vice Chairman and Director of EastWest Bank from 1994 to 2007. Members of the Board with advanced education, financial skills and business experience Are included. 3. The Board of Directors of Enat Bank has suspended its founding president, Fasika Kebede, effective Thursday, September 26, 2013, Fortune has learnt. According to Abraham Alaro project manager at Enat Bank S.Co., NBE approved all the original nominees but one, Tsegaye Tetemke, who holds the position of bank president at Zemen Bank. The Board made the decision after a dispute arose between the president and board members over the resignation of employees at the top level, including the human resources director, who left … The establishment of Enat marks a unique point in Ethiopian and African banking history. Savings. She was appointed by the Federal Parliamentary Assembly as President of the Federal Supreme Court of Ethiopia in November 2018. Co. Jan 2018 – Present 1 year 10 months. Can you tell us about the experience and what you have learned from that? Enat is a unique success story that should make all Ethiopians proud. Enat raised ETB 75 million (USD 4.1m) in start-up capital, and narrowly avoided legislation in September 2011 that requires new banks to have start-up capital of ETB 500 million. Annual Reports – Bunna Bank. She explained the Bank managed to mobilize a total of 1.08 Billion Birr deposit and also disburse 511.8 Million Birr […] Women own 64% of the bank, and compose many major leadership positions from the senior bank management to the Board of Directors. The Nedbank board of directors is among the most representative in the South African banking sector. 2. EPIC RETIREMENT PLAN SERVICES. A father of three, Ermias has been working in the banking industry for the past 23 years. The story of Enat Bank is one of triumph over adversity. UK COMPANIES LIST Find, check and analyze companies data. Meaza Ashenafi, President of the Ethiopian Federal Supreme Court, … Hailemariam Desalegn, Former Prime Minister of Ethiopia, H.E. The business of giving loans was left to the absolute discretion of the Board of Directors and other managerial executives of the bank. ACCOUNTS. This Bank is expected to improve access to financial services to women and women entrepreneurs and impact on the perception and reality of women’s status in this country. Loc:-Bole Medhanea l em (Beza Building) Tel.No 0116180461. board of directors and ownership concentration. Cards. He was barred from the position of board member for Enat Bank because of the directive that bans other bank members from holding positions in other banks to avoid conflict of interest. Vii.Enat Bank. Fasika Kebede is no longer the president of Enat Bank, following the acceptance of her resignation letter by the Bank’s board of directors during an extraordinary meeting on Thursday, October 10, 2013. The MOU is signed by Admassu Tadesse, TDB President and Chief Executive, and Wondwossen Teshome, Enat Bank President, in the presence of H.E. Berhan Bank Annual Report 2018/19 3 Contents Board of Directors 5 Executive Management Team 6 Message From the Board Chairman 8 Message From the President 10 Performance Summary 12 Major Performance Highlights 13 Performance Highlights Pictures 18 With the cause close to her heart, she co-founded Enat Bank, the first women’s bank in Ethiopia with the goal of ensuring financial independence of women while providing all clients with exemplary service. Required Documents to open Account Ashenafi played an influential role in the development of the first women’s bank in Ethiopia, Enat Bank, established in 2011 and as of 2016, having chaired its board of directors.

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