Company Profile

Company Description:

Nib International Bank (NIB) was established by 717 Shareholders on 26 May 1999 under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. 84/1994 with the paid up Capital of Birr 27.6 million and authorized capital of Birr 150 million. The Bank commenced the operation in 28 October 1999 by 27 employees.

Currently, the authorized and paid up Capital reached Birr 2.0 billion and Birr 1.3 billion respectively. The number of Shareholders’ and employees’ has increased to 4,015 & 3,063 respectively. The Bank has 166 branches spread throughout the country.

The Bank implemented Mobile and Internet Banking through which it is issues NIB cards and has placed its ATM’s at various locations throughout the Country to provide its diversified products in convenient ways to our esteemed customers. Moreover, to enhance the application of modern banking technologies and provide competitive service via a wide range of card banking services, the Bank has established a strategic partnership with MasterCard and VISA which is one of the breakthroughs to provide international payment service and a lot is accomplished to start accepting Union Pay branded cards.