News and Press

June 1, 2023Read more...

Artist Solomon Bogale signs a brand ambassador contract with Tsedey Bank

Artist Solomon Bogale signed a brand ambassador contract with Tsedey Bank S.C. on June 1st, 2023. In the colorful ceremony held at the Skylight Hotel, Ato Mekonnen Yelewmwesen, CEO of Tsedey Bank, stated that the bank chose artist Solomon Bogale to represent Tsedey because his charitable works, positive mindset, and supportive behavior fits with the personalities of Tsedey, a community-focused bank that caters to the needs of the unbanked, the poor and the rural community.  The CEO further mentioned that serving...

May 18, 2023Read more...

Tsedey Bank’s athlete wins silver medal in the 10,000 meter race

Yismaw Dilu, Tsedey Bank’s athlete won silver medal in the 10,000 meter race. The athlete won silver medal in the 52nd Ethiopian Athletics Championship being held at Addis Ababa, Ethiopian Youth Sports Academy. The championship is being held from May 16-21/2023. Tsedey Bank’s athletics club is showing remarkable performances in many international, national and regional competitions.

May 12, 2023Read more...

Tsedey Bank establishes correspondent banking relationship with Bank of Beirut London GB.

Tsedey Bank S.C established correspondent banking relationship with Bank of Beirut London GB. We are glad to inform you about the establishment of correspondent banking relationship with Bank of Beirut London GB by opening the understated accounts.    ACCOUNT NO USD: 1116093354900 IBAN USD: GB25BRBA60837593354902 ACCOUNT NO EUR: 4016093354900  IBAN EUR: GB68BRBA60837593354904 ACCOUNT NO GBP: 0116093354900  IBAN GBP: GB52BRBA60837593354901 These accounts will be used to handle all incoming and outgoing transfers including Export Letter of Credit (LC) and Cash against Documents (CAD) payments all over the...

April 26, 2023Read more...

Tsedey Bank evaluates its nine months performance.

Tsedey Bank S.C evaluated its nine months performance of the 2022/2023 FY. In the discussion held at Bahir Dar from April 19-20/ 2023, district managers have presented their performances briefly. The CEO of the bank, Ato Mekonnen Yelewmwesen, noted that the bank’s overall performance is in a good position and much endeavor is needed to uplift the performance beyond the target.  Everyone in the bank has to exert his/her maximum effort in resource mobilization and look at beyond the horizon so that...

April 8, 2023Read more...

Tsedey Bank opens correspondent account with CAC bank

Tsedey Bank started correspondent banking relationship and opened USD account with CAC International bank of Djibouti. The account will be used for all incoming and outgoing transfers from Djibouti. The below account details for SWIFT customer MT 103 transfers. : 54: Receiver’s Correspondent (Bank)           Bank Name: CAC INTERNATIONAL BANK            Bank Address: Djibouti            Bank SWIFT BIC: CACDDJJDXXX : 57:  Account with Institution           Account Number: 1003620018            Bank Name: TSEDEY BANK S.C                                    ADDIS ABABA, ETHIOPIA            SWIFT CODE: TSDYETAA : 59: Beneficiary            A/C NO:             Name:

April 4, 2023Read more...

Tsedey Bank aggressively expands its branches

Tsedey Bank, the bank that joined the industry with a huge paid-up capital, is aggressively expanding its branches. The bank has opened its 549th branch this week. Tsedey Bank, the bank for all, has planned to increase its branches to 572 in this fiscal year. The bank’s capital has reached 12 billion birr. It has also more than 12,000 depositors and 1.5 million loan customers.

April 3, 2023Read more...

Tsedey Bank Athletic Club Impressively Wins in Different Categories

Tsedey Bank Athletics Club, which participated in the Amhara Region Youth Athletics Championship, finished the competition on top, wining many medals and trophies. The championship was held from January 15-19, 2023 in Bahir Dar and the club has won 13 gold, 15 silver, and 18 bronze medals in 20 categories. The club, as the winner in overall results, took the three trophies prepared for the competition. With this impressive success, Tsedey Bank Athletics Club completed competition on the top. The manager of the...

March 30, 2023Read more...

Amdework Walelegn Tadese of Tsedey Bank Wines the 2023 Seoul International Marathon

Amdework Walelegn Tadese, Tsedey Bank’s athlete won the men’s race at the 2023 Seoul International Marathon. According World Athletics, he won the race crossing the finish line of the World Athletics Platinum Label road race clocking a personal best time of 2:05:27 and pocketed the first prize of USD 80,000. The 58th edition of the Seoul International Marathon, a World Athletics Platinum Label Road Race, was held on Sunday, March 19. Tsedey Bank, the bank for all, is playing a tremendously significant role...

February 10, 2023Read more...

Tsedey Bank S.C Holds its general assembly

Tsedey Bank S.C holds first Shareholders’ ordinary and extraordinary general assembly onDecember 31, 2022.The bank is transformed from Amhara Credit and Savings Institution (ACSI) on April 03, 2021 with huge paid-up capital of more than 7.75 billion birr.The chairperson of board of directors Mr. Gedu Andargachew announced that the bank has earned 1.4 billion birr net profit. The chairperson has also disclosed as the outstanding loan has reached 28.8 billion birr. Tsedey Bank has more than 12 million customers where...

January 25, 2023Read more...

Evaluates 10 Months Performances

Tsedey bank head office managers, District executives and auditorspresented in 10 months plan and performance evaluation meeting held inBahir Dar. Over the last ten months, performance has been low over allstandards. Outstanding problems and the underlying values of theinstitution highly contributes for performance reduction. The incidenceof coronavirus infection is a further cause of the reduction inperformance, and it has been raised by the forum that all efforts shouldbe made to improve the performance of our institution alongsideprevention.

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