Wegagen Bank Profile

About Wegagen Bank

Establishment: Founded on June 11, 1997, Wegagen Bank S.C emerged from the vision of 16 founding members, who recognized the pivotal role of financial institutions in fostering sustained economic development.

Capital Strength: With an initial paid-in capital of Birr 30 million, Wegagen Bank was established under the banking proclamation of Licensing and Supervision, Proclamation No. 84/1994, and registered with the National Bank of Ethiopia on April 30, 1997.

Headquarters: Originally operating from its Head Office in Gofa Sefer, Addis Ababa, Wegagen Bank relocated to its 23-storey headquarters building in front of the Addis Ababa Stadium, Ras Mekonnen Street, in October 2017, symbolizing growth and expansion.

Vision: Wegagen Bank aspires to be a champion of excellence in banking business in Ethiopia, demonstrating a commitment to industry leadership and innovation.

Mission: The bank aims to maximize stakeholders' value by providing diversified banking services through competent and motivated employees, supported by up-to-date technology, ensuring efficient and effective service delivery.

Core Values:

Teamwork: Wegagen Bank promotes collaboration and unity among its team members to achieve common goals, emphasizing the strength of diversity and unity.

Integrity: Upholding the highest standards of ethics and honesty, the bank prioritizes integrity in all interactions, ensuring accountability, transparency, and confidentiality.

Innovation: Embracing change and creativity, Wegagen Bank encourages adaptability and the exploration of new ideas to meet evolving customer needs.

Responsiveness: With a focus on customer satisfaction, the bank provides prompt and convenient service, demonstrating agility and dedication to meeting customer needs efficiently.

Address and Contact Information

Head Office: In front of Addis Ababa Stadium, Ras Mekonnen Street, Addis Ababa, Ethiopia.

Email: info@wegagen.com  

Phone: +251115523800

Board of Directors

1. Abdishu Hussien – Chairperson
2. Hailu Molla - Vice, Chairperson
3. Woldegabriel Naizgh – Member
4. Kidane Hagos – Member
5. Fithanegest Gebru – Member
6. Hassen Yesuf – Member
7. Fikru Jiregna – Member
8. Gebregziabher Hadush – Member
9. Kibreab Tewelde – Member
10. Mulu Bisrat – Member

Shariah Advisory Committee

1. Sheikh Ibrahim Dawud – Chairman
2. Ustaz Mohammed Ferej – Member
3. Sheikh Fethalbari Mohammednur – Member

Executive Management Team

1. Aklilu Wubet (PhD) - Chief Executive O­cer
2. Yehwalashet Zewdu - Deputy CEO, Enterprise Services
3. Solomon Tesfaye - Deputy CEO, Technologies
4. Kidane G/Sellassie - Deputy CEO, Operations
5. Aregash Gudeta - Chief Finance & Materials Mgt O­cer
6. Haile G/Egziabher - Chief Human Capital Offi­cer
7. Hussen Made - Chief Digital Banking Offi­cer
8. Kibeb G/Egziabher - Chief International Banking O­fficer
9. Geteye Mekuria - Chief Marketing and Strategy Officer
10. Yoseph G/Yohannes - Chief Credit Offi­cer
11. Habtom G/Egziabher - Chief Officer, Northern Regional O­ffice
12. Mengistu Tadesse - Chief Resource Mobilization & Branch Banking O­fficer
13. Goitom G/Tsadkan - Chief Information O­fficer
14. Debela Merga - Chief Risk & Compliance Officer
15. Negasi G/Aregawi - Chief Internal Auditor

Annual Reports