' There is no race difference in Ethiopia '

An infotainment program on Sunday afternoon with EBS’ own Asfaw Meshesha ,Nafkot Tigistu, Mekdes Debesay & Tinsae Berhane . It includes multiple segments depending on the number of stories following the topical discussion. 

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Sunand Bank officially started its work

Addis Ababa, the former Amhara Credit and Savings Institution (ABQTE) and the current Suneen Bank has officially started its operations today.

The bank, with a paid-in capital of 8 billion birr, has started operations in 148 branches across the country today.

At the end of the year, it was converted into Sunand Bank with its existing 471 branches.

It has been stated that Sunun Bank, which has an estimated wealth of 46 billion birr, will make a significant contribution to Ethiopia's economic growth by encouraging savings and investment, as well as increasing the participation of women and youth.

Gashaw Workneh, Head of Corporate Wealth of Suning Bank, mentioned that while the bank was in financial business under the name Amhara Credit and Savings Institute, it was the first in Africa and the sixth in the world.

They also pointed out that it will continue to strengthen its international competitiveness even after becoming a bank.

To achieve this, he said, he has started work by strengthening the services he has been providing and adding other new services.

It has been stated that the Suning Bank has entered the banking industry with strong human resources and huge resources and will contribute greatly to the country's economy.

Suneen Bank started its business in 1988 under the name "Rural Credit Service", and in 1989, under the name Abkete, it has been growing into a microfinance institution in 10 zones in the Amhara region.

At that time, he raised a capital of 3 million birr and today his total wealth has reached 45.6 billion birr, and it is said that his net capital has reached 11.3 billion birr.

At present, the signed capital of Sunun Bank is 7.75 billion birr, and it has 774 thousand 907 shares with a value of 10 thousand birr.

Officials of the federal and state governments and invited guests were present at the inauguration ceremony.