Abay Bank

Abay Bank is a public commercial bank founded in 2010, serving individuals, diaspora customers, SMEs, institutions, and businesses through branch and digital channels.

Key capabilities include:

• Personal, business, and premium banking: accounts, savings, loans, and advances across retail, SME, and institutional segments
• Sadiiq (interest-free) banking: Wadia and Wadia Special deposit accounts, Mudarabah investment deposits, and Murabaha financing under Sharia principles, serving individuals, government institutions, and NGOs
• Digital banking and e-channels: online banking, mobile banking, USSD, card banking, agent banking, and ATM/POS services
• International and diaspora services: foreign-currency accounts for resident and non-resident Ethiopians, remittance through partners such as Thunes, MoneyGram, Dahabshiil, TransFast, Ria, and Remitly, and multi-currency exchange (USD, GBP, EUR, AED, and others)

Available on Web, Android, and iOS.

Target users include retail customers, diaspora Ethiopians, SMEs and institutions, and organizations seeking Sharia-compliant banking.

Notable for its rapid growth since 2010: founding membership of 823 shareholders grew to 4,642 by April 2025, and paid-up capital rose from birr 125.8 million at inception to birr 6.932 billion. For the fiscal year to June 2024, the bank reported birr 8.4 billion in gross revenue, birr 1.9 billion in pre-tax profit, birr 66.4 billion in total assets (+21%), and birr 52.6 billion in deposits (+26%), across 548 branches and over 9,500 employees serving 3.5 million customers. In June 2026, Abay Bank became the fifth company to list on the Ethiopian Securities Exchange's Main Board.