The Ethiopian private banks boomed in the year 1994. Until then, all that the country had were three banks owned by the government. The overhaul of the banking sector, brings it to a cross road of opportunities and challenges.

The present scenario has been advantageous to bankers who wanted to explore banks in Ethiopia from an entrepreneurial point of view. Several bankers, both local and international find it a fulfilling experience to deal with a sector that is matchless in profits.

The opening up of private banks has also lead to a drastic improvement in services. The competition among private banks has taken customers at the pinnacle, giving more attention, and caring better for their needs.

More international as well as local entrepreneurs at looking at banking sector with high hopes and are getting set to invest in it. The extensive scope of banking sector in Ethiopia has made it a lucrative investment option for serious investors, both young and veterans.

Have a look at the private banks in Ethiopia here