Dashen Named Bank of the Year by the Banker Magazine for Achievements Made in Digital Sphere

Dashen Bank has received Ethiopian Bank of the Year Award 2022 from The Banker Magazine, an affiliate of the Financial Times, for the bank’s progress in the digital sphere.

Asfaw Alemu, CEO of the Bank, received the award at an event held at the Intercontinental Hotel in London, United Kingdom, last week.

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 form strategic partnerships with fintechs and with Ethio Telecom prompting the development of value propositions catering to both middle and lower-income customer segments.

“We are exploring opportunities for sustained growth presented by emerging trends such as industry consolidation, foreign banks’ entry and establishment of the capital market, and the entry of telecoms into the mobile money space, among others,” said Asfaw Alemu, Dashen Bank’s CEO, while addressing the gathering at the award ceremony.

Also launched during the review period was the Amole e-commerce gateway, which enabled interconnection with local businesses, international card providers, and major African fintechs including Flutterwave, Thunes, and MFS Africa.

At the back-end, the bank inaugurated its new Tier 3-ready datacenter, further enabling the development and deployment of new services.