Nib International Bank (NIB) was established by 717 Shareholders on 26 May 1999 under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation no. 84/1994 with the paid up Capital of Birr 27.6 million and authorized capital of Birr 150 million. The Bank commenced the operation in 28 October 1999 by 27 employees.
Currently, the authorized and paid up Capital reached Birr 2.0 billion and Birr 1.3 billion respectively. The number of Shareholders’ and employees’ has increased to 4,015 & 3,063 respectively. The Bank has 166 branches spread throughout the country.
The Bank implemented Mobile and Internet Banking through which it is issues NIB cards and has placed its ATM’s at various locations throughout the Country to provide its diversified products in convenient ways to our esteemed customers. Moreover, to enhance the application of modern banking technologies and provide competitive service via a wide range of card banking services, the Bank has established a strategic partnership with MasterCard and VISA which is one of the breakthroughs to provide international payment service and a lot is accomplished to start accepting Union Pay branded cards.
Master Card International Branded Card
Nib International Bank has begun acquiring Master Card International branded cards effective September 23, 2014. MasterCard International is one the leading global payment solution companies that provides a family of well-known, widely-accepted payment card brands including MasterCard, Maestro and Cirrus an Serves Consumers, Financial Institutions businesses and governments in over 210 Countries and Territories Worldwide. This allows all Nib International Bank ATM’s & POS’s to accept MasterCard branded cards throughout the country.
VISA Branded Card
Nib International Bank S.C. has begun acquiring VISA Branded Cards effective August 24, 2015. VISA is an American multinational financial services corporation; it facilitates electronic fund transfers throughout the world most commonly through Visa-branded credit cards & debit cards. Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. This allows all Nib International Bank ATMs & POSs to accept VISA branded cards throughout the country.
To become an Icon of Excellence and the leading Commercial Bank in Ethiopia.
To provide customer focused, efficient and effective full-fledged commercial banking services by deploying qualified, honest, motivated staff and state-of-the art technology and thereby optimize stakeholders’ interest.
- Honesty and integrity;
- Social responsiveness;
- Organizational excellence;
- Equal employment opportunity;
- Prudent and Professional banking practice and
- Competitive services and sustainable growth.
- To render efficient and effective domestic and international banking services and address the banking service need of the society;
- To contribute to the monetization and growth of the economy by nurturing banking habit in the society;
- To bring about modern banking technology and professionalism in the banking sector; and
- To generate optimum return for the Bank’s shareholders.