Dashen Bank scoops international award for its digital revolution

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Dashen Bank receives the most prestigious Bank of the Year Award 2022 for Ethiopia from the Banker Magazine, an affiliate of the Financial Times, the leading global business publication.
As indicated during the award ceremony, the award recognizes the bank’s progress in the digital sphere in particular; as the country’s national digital economy strategy ushers in unprecedented changes in the local banking and telecommunications landscape.
This has enabled the bank to identify and cement strategic partnerships with fintechs and with Ethio Telecom, the country’s largest tele-communications firm, prompting the development of value propositions catering to both middle- and lower-income customer segments.
Asfaw Alemu, CEO of the Bank, received the award at a glamorous event held in London, UK.
“We are exploring opportunities for sustained growth presented by emerging trends such as industry consolidation, foreign banks entry and establishment of capital market, and the entry of telecoms into the mobile money space, among others,” said Asfaw at the ceremony.