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Toronto – The Amhara Bank on Friday announced that the Board of Directors appointed Yohannes Ayalew as CEO of the Bank. Yohannes resigned last week as president of Development Bank of Ethiopia for “personal” reasons. The Bank has 12 members of the Board or directors.
He led the state owned Development bank for four years and managed to overcome the crisis had been facing for years and put it on a path to profitability, as witnessed by the Bank.
Amhara Bank did not give any further details. The Bank was launched two years ago. It now has over 300 branches across the country and has over 5000 employees.
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