Miss Jolly Juice Haymanot Asrat

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Published Nov 9, 2022

Miss Jolly Juice Haymanot Asrat.

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Sunun Bank, which has been transformed from an Amhara credit and savings institution, has announced that it has started operations

Starting from 1989 as the Amhara Credit and Savings Institution, ABQT, which has been providing savings and credit services, has grown into a bank and has started operations today with 12 million Dembe members under the name of Suneen Bank.

It is said that the bank has entered into operation with a net total capital of 11.3 billion birr. The Chief Executive Officer of Suneun Bank, Mekonon Laehosem, said at the launch ceremony that the bank has started working with modern technology. He also stated that a modern information center has been built and started working at a cost of 270 million birr. Bisrat Radio has heard that the CEO of Suning Bank will carry out its business in a competitive manner with technological capabilities that will not create a gap. They also stated that the bank has entered the sector with 12 million Dembe members.

As of today, 148 branches are serving. He pointed out that the bank is working to increase the number of branches to 300 by the end of the year in order to expand its reach and will open branches in all cities in the future.

The President of the Amhara Regional Government, Dr. Yelkal Kefale, the Governor of the National Bank, Dr. Yingare Dese, and the Speaker of the Federation Council, Mr. Pendahu Teshager, were present at the opening ceremony of Spring Bank. It will be remembered that the bank recently appointed Mr. Gedu Andargahan as the chairman of the board.

The bank's paid-up and subscribed capital reached 7.5 billion birr and its total assets reached 45.6 billion birr.

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