Goh Betoch Bank SC Profile

About Goh Betoch Bank

Goh Betoch Bank, Ethiopia's inaugural private mortgage bank, was founded by a consortium of 11 forward-thinking individuals including seasoned bankers, investors, and academics. Their shared vision was fueled by a profound commitment to addressing the nation's pressing housing challenges. The bank's inception was driven by a recognition of the country's substantial housing backlog, exacerbated by factors such as soaring construction costs, persistent inflation, and inadequate housing financing schemes. Backed by 6,657 shareholders who collectively subscribed to Birr 1,056 million, with Birr 521.5 million in paid-up capital, Goh Betoch Bank received its regulatory green light from the National Bank of Ethiopia on July 28, 2021, following a meticulous three-year establishment process.

Officially commencing operations on October 25, 2021, Goh Betoch Bank sets its sights on catering to a diverse range of income groups, aiming to make the dream of homeownership a reality for all Ethiopians. With a keen focus on providing mortgage loans, the bank targets lower, middle, and high-income segments of society, empowering individuals to secure their own homes. Furthermore, Goh Betoch Bank pledges to implement initiatives aimed at increasing the availability of affordable housing, thereby ensuring that even low- and middle-income groups have access to both rental and ownership opportunities.

Driven by a profound sense of purpose, Goh Betoch Bank is committed to closing the housing financing gap prevalent in Ethiopia's banking landscape. With a mission to provide long-term housing finance solutions, the bank aims to facilitate property purchase, construction, expansion, and renovation endeavors. By offering accessible financial services, particularly mortgage financing, Goh Betoch Bank endeavors to unlock the transformative power of homeownership, enabling individuals to plan for a brighter future while contributing to the prosperity of future generations.

Address and Contact Information

Head Office: Africa Avenue, Zimbabwe Street, Abderuf Plaza, Addis Ababa, Ethiopia

Phone: +251-116-687967

Email: info@gohbetbank.com

Board Of Directors

1. Ato Getahun Nana – Chairperson
2. Ato Gebreyesus Igata – Vice Chairperson
3. Ato Shimeles G/Giorgis (Representing ELiG S.C.) – Member
4. Eng. Tadesse Ademasu (Representing Redawa Motors Industry PLC) – Member
5. Ato Kefene Gurmu – Member
6. W/ro Fasika Kebede – Member
7. Ato Belachew Hurrissa – Member
8. Dr. Eng. Wubishet Jekale – Member
9. W/ro Tsion Admassu – Member

Executive Management Team

1. Ato Mulugeta Asmare – CEO
2. Ato Eskinder Dibekulu – Chief, Operations Officer
3. Ato Moges Abayneh – Chief, Corporate Services Officer
4. W/ro Helen Asamnew – Director, Information Systems
5. W/ro Kalkidan Wubshet – Director, Supply Chain Management
6. Ato Ayalkbet Amdemariam – Director, Human Capital Management
7. Ato Bethel Wossene – Director, Finance and Treasury
8. Ato Biniyam Kebede – Director, Office of Strategy Management
9. Ato Fikadu Lemma – Director, International Banking
10. Ato Safework Mulugeta – Director, Credit Management
11. Ato Dereje Mulat – Director, Risk and Compliance Management
12. Ato Esayas Desalegne – Director, Engineering Services
13. Ato Berhanu Assefa – Director, Legal Services
14. W/ro Meskerem Melesse – Director, Company Secretary and Executive Assistant to the CEO
15. W/ro Addisalem Mekonnen – Director, Internal Auditor

Annual Reports

Please refer https://www.gohbetbank.com/annual-report/