Press Releases

KfW of Germany Signs Microfinance Agreement With Ethiopian Bank

July 6, 2010. (Bloomberg) Kreditanstalt fuer Wiederaufbau, the German development bank, agreed to provide 6 million euros ($7.6 million) to help develop Ethiopia's microfinance industry.

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Ethiopia's Zemen Bank Raises Rates to 4.5% to Attract Savingst

July 3, 2010. Zemen Bank today announces that its minimum interest rate for savings deposits has been raised to 4.5 percent effective July 1, 2010. This new interest rate applies to all savings account holders who maintain a minimum balance of Birr 25,000. Zemen Bank’s increased  

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Zemen Bank Announces Increase in Deposit Interest Rates to a level of 4.5 to 5.0 percent

July 1, 2010. Zemen Bank today announces that its minimum interest rate for savings deposits has been raised to 4.5 percent effective July 1, 2010. This new interest rate applies to all savings account holders who maintain a minimum balance of Birr 25,000. Zemen Bank’s increased interest rate of 4.5 percent compares with an average rate of 4.0 percent provided elsewhere.

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ETHIOPIAN DIASPORA BUSINESS FORUM AND EXHIBITION

June 20, 2010, Addis Ababa] ZEMEN BANK AMONG MAJOR SPONSORS TO THE ETHIOPIAN DIASPORA GROUP WHO IS TO STAGE 5TH ETHIOPIAN DIASPORA BUSINESS FORUM AND EXHIBITION ON JULY 10-11 IN WASHINGTON DC.

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Zemen Bank, Ethiopia goes live with CR2’s BankWorld ATM

October 21, 2009. Dublin, Ireland and Addis Ababa, Ethiopia, 21st October 2009. Zemen Bank, the first multi-channel bank in Ethiopia and CR2, the leading global provider of self service banking solutions, have announced that Zemen bank has gone live with CR2’s BankWorld ATM.

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