Addisu, an economics graduate from
"I worked a lot for the Bank during the last five years, so I am tired and need to get some rest," Addisu told Fortune.
The Bank was established in 1996 with 50 million Br in authorised capital, 17.8 million Br paid-up capital and 131 shareholders. Currently, the bank has 1,515 shareholders and 400,000 account holders, with total deposit of 9.4 billion Br, 103 branches across the country and 3,000 employees.
Addisu submitted the resignation letter to the bank's board of directors, which has 10 members and is chaired by
Mulugeta has a BA Degree in accounting from AAU and obtained his Masters of Business Administration from
"The first move will be finalising the 15 storey building we bought from
The bank is planning to open five new branches in mid September, 2014.
"I want to stop and think for a while," said Addisu, while talking about his next move.
The Bank made an official goodbye program for its former president yesterday,
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