The bank and the securities exchange have agreed for the bank to take a 50 million birr share, according to the statement that ESX sent to the media.
Global Bank Ethiopia S.C is a privately owned share company which started operation on August 28, 2012. The bank is established to provide a wide range of banking services to both domestic and international businesses with quality customer services, higher value creation for stakeholders and to be a responsive corporate social citizen by effectively blending commercial pursuit with social responsibilities.
The Bank was established with a subscribed capital of Birr 266.9 Million and a paid-up capital of Birr 138.9 million. Currently, the Bank has a total capital of Birr 339.2million, which includes the paid-up capital, legal and special reserves. In the coming 5 years, it has planned to raise its paid-up capital to two-billion Birr. At the same time, it plans to expand its branches in all parts of the country and to deliver quality and a wide variety of banking services.
