09
Dec
In a recent turn of events, Amhara Bank has removed its president, Mr. Henok Kebede, from his position. The decision was made by the bank's Board of Directors, citing Mr. Kebede's responsibility for causing a substantial loss of 460 million birr to the institution. This move comes on the heels of Mr. Henok Kebede's resignation as the CEO of Amhara Bank. The Board of Directors took the unprecedented step of revoking the signatures of the CEO and the Chief Corporate Service Officer, Mr. Henok Kebede. This action was taken in response to what the chairman of the bank's board described…