NIB inaugurates new HQ while Hijra opens first branch

(Photo: Anteneh Aklilu)

Saturday September 4, 2021 saw Nib International Bank (NIB) inaugurating its flamboyant beehive building in the presence of Yinager Dessie, Governor of national bank of Ethiopia, board of directors of the bank and shareholders pictured left. Similarly, a new entrant Hijra Bank opened its first ever branch in Addis Ababa to start its operations, in a colorful opening ceremony graced by Ahmed Shide, Minister of Finance, Haji Omar Idris President of the Islamic Affairs Supreme Council, members of the board and different guests pictured right.
For NIB, the bank finally availed it’s close to 2 billion birr magnificent architectural space which took 4 years to build, leveling 37 stories, making it amongst the distinct structural backdrops in the capital in the heart of the central business district.
For Hijra bank, the first branch is a first of many as the bank plans to open additional 10 branches, that is, 4 in Addis Ababa and 6 in regional towns. Hijra, now has become the second full-fledged interest-free bank in the country.
NIB’s president expressed that the new building will save the bank 30 million birr in terms of annual office rent. He further explained that even if there are some rooms which are ready to be rented, most of the offices will be used for the purpose of the bank. Hijra bank is also gunning to hit the ground running as the bank last week signed an agreement with Path Solutions for the implementation of its AAOIFI-certified core banking platform.