Tsehay Bank
Private commercial bank in Ethiopia From Wikipedia, the free encyclopedia
Tsehay Bank is an Ethiopian commercial bank launched in July 2022, operating in Ethiopia. The bank started with 30 branches in Addis Ababa, and as of 2023, the number of branches has increased to over 80 service centers throughout Ethiopia.[1] The bank is known for its "Bank for All" motto. It is one of the privately owned banks licensed by the National Bank of Ethiopia (NBE) to operate in Ethiopia.[2]
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | July 23, 2022 |
| Headquarters | , |
Number of locations | 89 branches (2023) |
Area served | Ethiopia |
Key people | Yared Mesfin Belayneh (CEO) |
| Products | Banking services |
| Website | tsehaybank |
Tsehay Bank was launched in July 2022 and had collected over half a billion capital (734 million Ethiopian birr ETB) before starting operation making it among the few banks which collected above the minimum capital requirements set by the NBE.[3] Soon after its inauguration, the bank had raised its capital from 2.8 to 5 billion ETB.[4]
Yared Mesfin Belayneh was Tsehay Bank's founding CEO.
Tsehay Bank headquarter is located at Sierra Leone Av., Meaza Desalegn Tower, Beklo Bet, Kirkos Sub-city, Addis Ababa, Ethiopia. The bank's SWIFT Code is TSCPETAA.[5]
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