. Prices started at 2000 birr. Read){kind=link}
By Borkena News Desk
TORONTO, Canada — The Bank of Abyssinia on Tuesday announced that it is selling 17,481,120 shares on the same day it was officially registered as Ethiopian Securities Exchange (ESX). The shares started to sell at 2,000 birr and remarkably saw a 26 percent surge on the same day.
The bank’s trading symbol is BOAX,
An event was organized at the Ethiopian Securities Exchange (ESX). Executives in the banking sector – including Eyob Tekaligne, Ethiopian National Bank Governor, attended it.
Speaking at the event, Bekalu Zeleke, CEO of The Bank of Abyssinia, said “Abyssinia Banks’s listing on Ethiopia’s Securities Market represents a historic milestone, opening a new chapter in the bank’s history.”
He stated the essence of it in terms of creating more transparency for shareholders, active participation in the capital market and strengthening of long term asset creation.
The National Bank Governor, Eyob, congratulated the bank for its achievement in joining ESX.
A news release from Abyssinia Bank quoted him as saying, “Congratulations to the management and board members of the Bank of Abyssinia. By giving due attention to this matter and working closely with the relevant institutions, you have successfully reached this milestone.”
Ethiopian Securities Exchange (ESX) was officially launched in January 2025 a little over a year after Abiy Ahmed’s administration introduced macro-economic reforms including the introduction of a market-based forex regime.
Abyssinia Bank is one of the leading banks in the country with well-over 930 branches across Ethiopia. It also employs over 10,000 work forces. The Bank’s total asset is over 286 billion birr, according to local sources.
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The gambling life of Ethiopia began! Shares, stocks, crypto is nothing but living a gambling life! In the meantime, pp government is diverting attention from killing innocent Orthodox to force them to convert to Islam or Protestant which is happening in Arusi via Aby’s and Jawar’s terrorists. The country and Addis Ababa is now under Western defence command. Au is under their control. Western corporations esp American corporation Are now allowed inside Ethiopia to take over natural resources and Ethiopians are preparing themselves for slavery in the name of Wester corporations giving jobs. This means Ethiopia is no longer your country but wher you are enslaved for Wester corporations of course. They will show tge face of hired ceo for this individual but the wealth and natural resources goes to West.