President (DASHEN BANK)

Could you give us a brief history of Dashen Bank? Dashen Bank started its operation in January 1, 1996. By the end of the first month, we had ten branches, six in the City and four at countryside. It was not difficult for us to win public confidence even though private banking was almost a new phenomenon as it was interrupted for about 20 years due to the previous government’s policies. Once we moved to the market, we had targets to achieve. Though we started with a small capital of 50 million Birr, which was permissible at that time to open bank, the volume of transactions coming in was so encouraging mainly because of the attitu ...