Speaking on the occasion, Ato Zafu Eyessuswork Zafu, Chairman of the Board ato forex Directors of the Bank noted, during the period the aggregate deposits of the Bank rose by 29. Total outstanding balance of loans and advances also recorded an increase of 24.
18 the Bank’s operating gross profit before tax and after provisions increased by 42. Meanwhile, he noted with the opening of 22 new branches during the course of the year, the branch network of United Bank as of 30 June 2018 had reached 229. Ato Zafu also mentioned in the period, the Bank finalized a consultancy agreement with Deloitte Consulting Ltd. 4 International consulting firms, to design a long term strategic road map. According to him, the partnership is aimed at enabling the Bank to be one of the top 5 private Banks in East Africa by 2030.
The meeting that followed the key-note address dwelt on a number of issues pursuant to the Bank’s financial and operational performance during the reporting period, as well as on matters regarding the appropriation of profits, remuneration of Board of Directors, payment of service rendered by External Auditors et al. The shareholders also made a vote for the appointment of 6 Board of Directors in place of Directors whose tenure has ended. The 20th Annual General Meeting reached its conclusion with a declaration of dividend of Birr 403. 88 million to be paid on fully paid shares. Extraordinary General Meeting of Shareholders the Board submitted a proposal to increase the paid up capital of the Bank to Birr 5 billion. Accordingly, an exchange of diverging views was made among shareholders before voting to increase the capital as proposed.
214 cash pickup locations across Ethiopia. Remittances play an important role in Ethiopia’s economy. We are delighted to be partnering with United Bank, one of the leading banks in the country. Our partnership will give the two million-strong Ethiopian diaspora more choice and additional pickup locations across Ethiopia to make sending money back home as easy as sending an instant message. The partnership with United Bank will further support Ethiopia’s transition from offline remittances to online, safer, faster and lower-cost money transfer methods. This email address is being protected from spambots.
Operations Ethiopia This email address is being protected from spambots. United Bank is a share company that stands among the few prominent private Banks in Ethiopia, operating all over the country with various service channels that include branches, sub-branches, agents, ATMs, POS machines, internet services and mobile banking. United Bank is delighted to announce a strategic partnership agreement with Deloitte Consulting Ltd. During the event, it was told that United Bank and Deloitte Consulting Ltd. This partnership will seek to help the bank craft its 12 year strategy centered on people, processes and technology. The Bank has covered considerable ground in its negotiations with different international consultants before finally landing the deal with Deloitte Consulting Ltd.
Accordingly, it was told the bid process that closed in January 2018 has had multiple local and international consulting firms competing. Deloitte, the largest of the Big 4 international consulting firms, headquartered in New York, closed the financial year with revenues of USD 39bn, beating out the nearest rival by USD 1bn. United Bank is a share company that stands among the few prominent private Banks in Ethiopia, operating all over the country with more than 230 branches and various service channels that include Agent Banking, ATMs, POS, Internet banking and Mobile banking services. The Bank has been at the forefront of modern banking in the country, introducing technology based new delivery channels such as internet banking and SMS banking. PICK PICK Plc to start a new form of agent banking service to students enrolled inside 10 government owned universities.
Tigist Atnafu, General Manager of the company. The MoU was signed today on the 07th of April 2017 inside the Board room of the Bank. The Annual Staff Day celebration of United Bank S. 17 took place at the Addis Abeba Golf Club on February 4, 2017. The event was opened with a key-note address made by the Bank’s president Ato Taye Dibekulu who began his address noting that it evokes a pleasant feeling to observe the sight of the employees of the Bank in such a great number. The President also accentuated on the endeavors made by the Bank during the budget year towards the betterment of its employees.