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BANK OF ABYSSINIA S.CO.

BANK OF ABYSSINIA

BANK OF ABYSSINIA S.CO.

Full Description


It was a private bank whose shares were sold in Addis Ababa, New York, Paris, London, and Vienna. One of the first projects financed by the bank was the Franco-Ethiopian Railway which reached Addis Ababa in 1917. In 1931, Emperor Haile Selassie introduced reforms into the banking system and the Bank of Abyssinia became the Bank of Ethiopia, a fully government-owned bank providing central and commercial banking services. With the Italian invasion in 1935 came the demise of one of the earliest initiatives in African banking.

RAS DESTA DAMTEW AVENUE RED CROSS BUILDING
P.O. Box: 12947
Website: bankofabyssinia.com/
Phone:+251 115 514130
Fax:+251 115 510409 / 5511575



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