Company: Berhan Bank
Average Rate of Return (4 Years Data): 31.9% of par value.
2016: 399 ETB
2017: 328 ETB
2018: 246 ETB
2019: 304 ETB
Shares offered for sale:
Number of share for sale: 200
Price Per One Share: 1,400 ETB
Price for 200 shares: 280,000 ETB
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About the Company:
Berhan International Bank S.C was formed in accordance with Article 304 of the Commercial Code of Ethiopia with the objective of operating in the banking industry. This objective has been ensured in Article 3 of the Memorandum of Association of the Company. The Bank was registered and licensed by the National Bank of Ethiopia on 27 June 2009 with an authorized capital of 300,000,000 and subscribed capital of Birr
Berhan International Bank S.C. got its start in 2009, having been registered and licensed by the National Bank of Ethiopia on 27 June 2009. Headquartered in Bole, today, we operate in over 35 cities, with a branch network of 150 branches as at March 2017. Thanks to the dedication of our esteemed customers and staff, we serve more than 320,878 customers across the nation with our team of over 2,667 staff.
With our goal to make banking stress free and efficient, we invest in technology and innovations that enable our customers to reach their goals, be it saving, investment, business or managing money. In addition to service our customers at our networked branches, we offer electronic banking services such as Debit Cards allowing customers to access their accounts at any ATM machine nationwide, introduce Mobile Banking, with plan to introduce Internet Banking and Agent Banking in the near future.
Beyond local banking services, we also partners with international money transfer companies such as Western Union, Money Gram, Ria, Dahabshiil, Trans-Fast, Xpress Money and Taran Express
The Bank’s capital base has been also growing steadily from year to year. At the end of March 2017, its paid up capital reached Birr 1,135.3 million showing an increase of Birr 462.4 million or 68.7 percent over the last year. During the year the Bank’s number of shareholders also increased by 620 from that of the last year constituting the total number of shareholders to be 9,659.