Dashen Bank (Ethiopia)

Dashen Bank was established as per the intent of the new policy and the Ethiopian investment code. It came into existence on September 20,1995 according to the commercial code of Ethiopia, 1960, and the licensing and supervision of banking business proclamation No. 84/1994. The first founding members were 11 businessmen and professional that agreed to combine their financial resources and expertise to form this new private bank. In August 2001 Dashen Bank became the first Ethiopian bank to interconnect its branch offices with WAN and in January 2003 it was the first bank to effectively implement a state-of-the-art core banking system. In May 2006, it launched Ethiopia’s first payment card service and in September 2010 its first mobile banking service, Modbirr. For the past 15 years, Dashen Banks’s overarching financial and operational performance has maintained its position as a leader among Ethiopian banks.