Yohannesayalew

13 Sep

Yohannes Ayalew Named New CEO of Amhara Bank

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Amharabank, Amharanews, CEO, EthioNegari, Ethiopia, Ethiopianews, Yohannesayalew

Yohannes Ayalew Biru, who recently resigned as President of the Development Bank of Ethiopia due to health concerns, has been appointed as the Chief Executive Officer of Amhara Bank. The announcement, made on September 13, 2024, marks a new chapter in his distinguished career in Ethiopian finance. Amhara Bank, in a statement on its social media platforms, confirmed that Yohannes would take over as CEO, effective immediately. The bank, which began operations three years ago with an initial capital of seven billion birr, is a private institution founded by 138,000 shareholders. Yohannes is widely respected for his financial expertise, particularly…

06 Sep

Ethiopian Development Bank President Yohannes Ayalew Resigns

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Developmentbankofethiopia, EthioNegari, Ethiopia, Ethiopianews, Yohannesayalew

Yohannes Ayalew, President of the Ethiopian Development Bank, has officially resigned from his position. He stated that his resignation was "voluntary and due to personal reasons." Following his departure, the bank’s Vice President, Mr. Getachew Wake, has stepped in to assume leadership responsibilities. Experts in the financial sector have credited Yohannes Ayalew with guiding the Development Bank through challenging times, restoring stability, and overcoming complex issues that plagued the institution during his tenure. Prior to leading the Development Bank, Yohannes had an illustrious career as Deputy Governor and Chief Economist at the National Bank of Ethiopia, earning him widespread recognition…