header
   
  

 Governance

Bottom

The General Assembly
External Auditors
Organizational Structure
Board of Directors
Executive Management

 

How's AIB Organized?

Awash International Bank S.C., being an incorporated entity per dicatates of the Ethiopan Commercial Code, the Ethiopian Banking Law and its business mandate. The management is purposefully separated from the ownership as dictated by the country's commercial code and customery practice. Basically, AIB is organized in three tier structure comprising of the Shareholders' General Assembly (Supreme Authority), the Board of Directors and the Executive Management that is fully empowered to run the day-to-day operations of the Bank.

The General Assembly (Shareholders' Meeting)

Awash International BankS.C.(AIB) is a share company established in 1994 by 463 shareholders with an initial capital of over Birr 24 million. Currrently the number of shareholders has risen significantly to reach over 2700 with a subscribed capital of Birr 550,000 million and paid up capital of Birr 442 million. The Bank's supreme authority, according to the article of association, is the Shareholder's General Assembly which convenes at least once annually. The General Assembly elects Board of Directors to oversee the operation of the Bank which is run by the Executive management.

External Auditors

The General Assembly, in addition to electing the Board of Directors, assigns an external auditor to independently audit the Bank's operation as stipulated in the country's commercial code. Currently, A. A. Bromhead & Co. is AIB's auditor.

 

The Functional Organizational Structure of AIB

 

The Board of Directors

The twelve membered Board of Directors, according to the article of association, serves for a three year term. Every share holder, regardless of the amount of shares he/she owns is eligible to vote and be elected to the board since AIB's shares are unclassified. AIB's current Board of Directors, which comprises of eleven members, is chaired by Ato Bekele Nedi.
 

 

AIB's Board of Directors

 

 

 

 

    
     
     

Ato Bekele Nedi
Board Chairman

  

 

  
 
 
 
 

 

Ato Amsalu Bizuneh
Board Director

 

Ato Gelahun Edo
Board Director

  

Ato Hambissa Wakwoya
Board Director

  
 
 
 
 
 

Ato Kebede Borena
Board Director

  

Ato Leikun Berhanu
Board Director

  

Ato Mitiku Abeshu
Board Director

  
             

 
 
 
 
 

Ato Negassa Tumsa
Board Director

  

Ato Terefe Mengesha
Board Director

  

Ato Wole Gurmu
Board Director

  
             

 

 

 

 

 

 

    
     
     

Ato Wondimu Umata
Board Director

 

      

 

The Executive Management

AIB's executive branch is responsible for the management of day to day operations. According to the current structure; it comprises of the CEO (The President), three Vice presidents and eleven departments as wel as numerious other divisions and sections, each with distinict duties and responsibilities. As depicted in the organizational structure (above) the majority of the departments are organized under the three vice presidents while three of them report to The Presedent. The functional structure of the executive branch is subject to change any time to meet the requirements of the time.

Top

 

AIB's Execitive Management

     

     
     
Ato Leikun Berhanu
President
     
 
 
 
 
 
Ato Eshetu Fantaye
Vice President, Corporate Services
 
Ato Mitiku Abeshu
Vice President, International Banking
 
Ato Tsehay Shiferaw
Vice President, Credit & Risk Management
 
 
 
 
 
 
Ato Alemayehu Kinfe
Manager, Treasury Dep't
 
Ato Andualem Berhanu
Manager, Planning & Bus.Dev't Dep't
 
Ato Getachew Megersa
Manager, HR & Adminstration Dep't
 
 
 
 
 
 
Ato Habtamu Aberra
Manager, Branch Operations Dep't
 
Ato Girma Kebede
Manager, Property Administration Dep't
 
Ato Kinfemichael W/Tinsae
Manager, Control Dep't
 
 
 
 
 
 
Dr. Matheos Bayisa
Manager, MIS Dep't
 
Ato Tadesse Ashagre
A/Manager, International Banking Dep't
 
Ato Yeneakal Yehualashet
Manager, Legal Services Dep't
 
     
     
     
Ato Yohannes Merga
Manager, Finance Dep't
     
             
             
             

Top

This Page was last updated on June 27, 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
     
Copyright © 2009 Awash International Bank S.C.