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Tsehay Bank Profile
About Tsehay Bank
1. Establishment: Founded on
July 23, 2022, under the banking business proclamation no 592/2008, Tsehay Bank
is a share company with a vision to bridge financial service gaps and
contribute to Ethiopia's development.
2. Capital Growth: Initially
starting with an authorized capital of Birr 2.8 billion and a paid-up capital
of Birr 734 Million, Tsehay Bank has significantly increased its paid-up
capital to Birr 1.16 Billion and its subscribed capital to Birr 5 Billion,
demonstrating steady growth and investor confidence.
3. Branch Network: With a
rapidly expanding branch network, Tsehay Bank has established 84+ branches as
of December 2023, aiming to provide accessible banking services across
Ethiopia. By the end of the 2022/23FY, the bank plans to increase its branches
to 100.
4. Tagline and Aspiration:
Embracing the tagline "Tsehay Bank, For All!", Tsehay Bank aspires to
serve all like the sun does, with a vision to become one of the best private
banks in East Africa soon.
5. Ownership Structure:
Tsehay Bank is established as a private individuals' share company with 373
shareholders. Institutional shareholders, accounting for 35% of total share
value, bring extensive experience in various business segments, ensuring a
strong foundation for collaboration and success in commercial banking services.
6. Vision: By the year 2040,
Tsehay Bank aims to rank among the top ten private commercial banks in East
Africa, highlighting its ambitious growth trajectory and regional aspirations.
7. Mission: Tsehay Bank is
dedicated to delivering sustainable value to stakeholders by efficiently
providing banking services that ensure the best customer experience. This
mission is upheld through qualified employees and cutting-edge technology.
8. Core Values: Tsehay Bank
operates on seven core values: Integrity, Customer Experience, Teamwork,
Empowerment, Professionalism, Learning Organization, and Corporate Citizenship.
These values guide the bank's performance, culture, customer service, and
interactions with stakeholders, ensuring ethical conduct and excellence in
service delivery.
Address and Contact Information
- Woreda 04, Meaza Desalegn Building,
Kirkos Sub-City, Addis Ababa, Ethiopia
- Phone: +251 11 470 6854 / +251 11
470 6158
- Fax: +251 11 470 6152
- P.O.Box: 2506
- Email: info@tsehaybank.com.et
Board of Directors
- Ato Taye Dibekulu - Board
Chairperson
- Ato Tadesse Ayenew - Board Deputy
Chairperson
- Ato Aysheshim Gebrie - Board of
Director
- Ato Balew Mersha - Board of
Director
- Ato Bewketu Alamerew - Board of
Director
- Ato Birhanu Tiruneh - Board of Director
- Ato Gedefew Baye - Board of
Director
- Ato Kassa Lisanework - Board of
Director
- Ato Limenh Emeru - Board of
Director
- Ato Mengistu Walelegn - Board of
Director
- Niway Zergie (PhD) - Board of
Director
- Ato Shimels Tequameberhan - Board
of Director
Executive Management Team
- Ato Yared Mesfin – CEO
- Ato Berihun Desta - Deputy Chief
Corporate Service Officer
- Ato Mengistu Shimeles - Chief
Marketing and Strategy Officer
- Ato Mezgebe Yifru - Chief Credit
and International Banking Officer
- Ato Samuel Tadesse - Chief Banking
Operation Officer
- Ato Wossen Alemeye - Chief
Information Officer
- Ato Abayneh Animaw - Director,
Bahir Dar District
- Ato Abebaw Zewdie - Director,
Marketing & Corporate Communication
- Ato Animaw Demissew - Director,
Internal Audit Department
- Ato Animut Yayu - Director, Northeast
District
- Ato Ashenafi Girma - Director,
Strategy & Innovation
- Ato Bayou Tilahun - Director,
Operation and Business Support
- Ato Berhane Babe - Director,
Customer Relationship Management
- Ato Demeke Gashaw- Director, Core
System and Data Analytics Department
- Ato Eskezia Mengistie - Director,
Risk & Compliance Management
- Ato Frezer Fetene- Director, IT
Infrastructure and Security
- Ato Israel Begashaw - Director,
Legal Service Department
- W/ro Kerima Ali - Director-
Interest Free Banking
- W/ro Kirubelawit Sahlu - Director,
Digital Banking Business
- Ato Michael Tamyalew - Director,
Southwest District Office
- Ato Mitiku Murezha - Director,
Digital Banking Technology
- Ato Samson Amdissa- Director,
Finance and Treasury Management
- Ato Teshome Habteselassie - Director,
Human Resource Management Department
- Ato Tewodros Yibe - Director,
Credit Appraisal & Portfolio Management
- Ato Tilaye Eshetu - Director,
International Banking Department
- Ato Wondayehu Tesfaye - Director,
Facility Management Department
Annual Reports
Please visit https://tsehaybank.com.et/annual-report/