Amhara Credit and Savings Institution grows into a bank.🇪🇹🇪🇹H.W by Hilina.S

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Amhara Credit and Savings Institution grows into a bank.

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Amhara Credit and Savings Institution Chief Executive Officer, Mekonnen yelewum Wosen, said in a press statement that the microfinance bank has been responding to the transfer request for nine years. He said he is working on organizing and is making adequate preparations to use the data center center in a modern way.
Mekonnen added that the institution will start with an initial capital of 8.5 billion birr and will have access to 53 existing branches of the institution.
He said the Amhara Credit and Savings Institution will continue to build on the region’s economy by correcting the problems it has made in the past.
He said the share of the regional government was 98 percent, but now the directive stipulates that it should not exceed 70 percent when it goes to the bank.
Source: Amhara State Government Communication.

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