Awash Internation BankAddis Ababa, Ethiopia - Although the banking sector is going through modernization, cost and network issues concern some banks

Awash International Bank is the first private bank to build its own head quarter, a 17 and 18-storey twin tower on Ras Abebe Aregay Street.

In just two weeks Awash International Bank (AIB) will become one of largest owners of Automated Teller Machines (ATMs) in Ethiopia after it announces the winning bidder who will supply 100 ATMs and 80 Point of Sales (PoS) terminals.

The bank floated a procurement tender two weeks after reporting a net profit of 394.4 million Br, amounting to earnings per share (EPS) of 469 Br on November 17, 2012.

Six companies participated in the tender. However, only three were short listed, according to a Bank official who requested anonymity.

M2M Group, a Moroccan-based company, locally represented by MOTI Engineering Plc; Copy Cat, an Indian supplier with a local office; and CBM, represented by the local SSC were short listed after a committee comprised from the Board of Directors of the Bank conducted a technical evaluation.

“The winner will be announced within the next two week,” said an official of AIB. Read more

 

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