Dashen Bank—the 25-year-old private commercial bank—announced the appointment of five new senior officials looking to revamp its organizational structure and to address the departure of two senior officials, Henok Kebede and Yared Mesfin, to newly-establishing banks.
Four positions were filled from within the bank and the fifth arrived from the Commercial Bank of Ethiopia, for which it got approval from the central bank.
The bank assigned Ayele Teshome, with over three decades of banking experience, as Chief Banking Business Officer, Eyerusalem Wagaw as Chief People Officer, Mesfin Bezu as Chief Interest Free Banking Officer, Mulugeta Alebachew as Chief Strategy and Innovation Officer, and Yohannes Million, ex-CBE VP of Digital Banking, as its Chief Digital Banking officer.
Henok Kebede, Dashen’s former Chief Banking Operation Officer, was appointed as Amhara Bank’s first president a month ago. Also, another senior manager, Yared Mesgin, left the bank to become president of Tsehay Bank.
Amhara Bank with its ETB5.9 billion in paid-up capital is on par with Awash Bank’s ETB5.85 billion while Tsehay Bank, awaiting an operational license from the central bank, is under establishment and has mobilized ETB734 million from 373 shareholders.