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Siiinqee Bank holds its 5th Annual Shareholders Meeting 
Siinqee Bank has held its 5th Shareholder’s General Assembly here 
at Sky Light Hotel on 14th December 2024. The meeting entertained the bank’s Board of 
Director’s Report and Endorsement as well as discussion on the proposal to establish 
a Siinqee Investment Bank. Presenting the annual report, the bank’s board chairperson 
Obbo Tolosa Gedefa noted that Siinqee bank, despite counting only few years since its 
transformation into a modern bank, is proving to be a key player in the country’s 
economic development and transformation.
 
The Board Chairperson presented the bank’s performance results in terms of Key 
Performance indicators (KPI’s). The Board of Director’s Report for the FY 2023/2024 in
dicates that the bank’s customers have grown to over six million contributing to the 
total deposit amount of Birr 46.81 billion, a rise by 97%. 
While the Bank’s loan injected to various economic sectors scaled to 27.78 Billion as 
of June 2024, priority was given to supporting the agricultural sector by assigning 
38% share from the total loans and advances. According to the Board of Director’s 
report, the bank’s total asset has grown to 59.74 Billion as of June 2024 showing a 
72.3% increment. 
Reporting the performance to the shareholder’s, the Board of Director’s Chairperson 
hailed the bank’s commitment in ensuring financial inclusion. The bank was able to 
collect 1.44 Billion Birr from Interest Free Banking Service Customers in the 2023/24 
FY alone. 
The shareholder’s gathering also dwelt on the proposal presented by the Board of 
Directors to establish a Siinqee Investment Bank. The proposed investment bank is 
aimed ensuring growing demand for development and competitiveness in the growing 
Ethiopian Capital Market.

     

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