Tsedey Bank S.C Holds its general assembly
Tsedey Bank S.C holds first Shareholders’ ordinary and extraordinary general assembly on
December 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 most of its base relies in the rural areas.The bank is serving about 1.3 million borrowers. It is also reported that the bank’s total capital and fixed asset has reached 11.3 and 45.6 billion birr respectively. Tsedey Bank is finalizing its 39 floor head office building at the canter of the commercial hub of Addis Ababa.
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