Corporate Governance

Nib International Bank is committed to maintaining and upholding good corporate governance in order to protect the interests of shareholders, customers and staff. The company is governed by twelve Board of Directors elected by the General Assembly of Shareholders, consisting of a chairman, a vice chairman and ten other Directors. The overall management is entrusted to the management team which comprises the President, who is appointed by the Board of Directors, three Vice-Presidents and fourteen Directors.

Ato Woldetensai W/Giorgis Chairman of Board of Directors

Born in August 1957. Ato Woldetensai holds MBA, Open University UK, on July 31, 2000 and has a BA degree in Accounting, from Addis Ababa University. He worked as Financial Analysis and interpretation of financial statements, General of Manufacturing Companies including: Klaity Food Complex Share Company,Vice Chairman and Deputy Managing Director of East African Holdings and National Cement Share Company.

Presently working as Management and Financial Consultant and Board Chairman of Nib International Bank.

Ato Alemu Denekew Vice Chairman Board of Directors

Born in July 1942, Ato Alemu holds L.L.B Degree, from Haile Selassie I University Addis Ababa, Ethiopia. And Certificates:

From Geneva Institute of Labor Studies on the Role of Active Labor Policy and Social Development.

From the Ethiopian Management Institute on Managing for excellence; Management by Objectives; Human Resource Management.

Ato Alemu has extensive work experience that started back in 1973 and he has worked as Chieg Legal Advisor on the confederation of Ethiopian Labor Union CELU); of Highway Authority of Ethiopia; of the Ministry of Transport and Communicates; of the Ministry of Finance and as the Commissioner (General Manager) of Customs and excise Authority of Ethiopia.

As of 1992, he is working as a legal consultant and attorney at law. In the past, he has rendered legal service to several foreign and local companies like Rift Resources Ltd of Canada, Color Film services of London, Kharafi, Hotels and Kharafi construction and others. His current clients include, HUYTON INC GROUP through Agrimpex co. Ltd of London, China Civil Engineering Construction Co. (CCECC), Safeway Travel & Tours Ltd, China Communication Construction Company (CCCC), BAMBI’s p.l.c, China First Highway Engineering (CFHEC). Currently he is serving as a member of Board of the Directors since 2014.

Sr. Mebrat W/Tensaie Director

Born in December 1947. Sr. Mebrat holds Masters in Public Health and Topical Medicine (MPM), from the University of Tulane, on Health System Management (HSM) and Bachelor of arts in Business Administration (BA) from Addis Ababa University.

She served as Country Director of AFNE, a Spanish NGO that was supporting foster center in Kombolcha for 70 children with hearing and speaking difficulties, and Public-private partnership in health (PPPH) consultant. She also led several business units as a researcher and Training Consultant, Organized and Coordinated the training of trainers for core groups of potential trainers selected from IGAD member states. Since 2014 election she is serving as a member of Board of Directors in Nib International Bank.

Ato Kifle Borga Director

Born in August 1952.  Ato Kifle is a graduated in Accounting from Addis Ababa University, has got an authorized accounting and consultancy from government agency. Ato Kifle Borga held various administrative positions in D.B.F. Trading p.l.c, Head Civil Service program office in  Federal Inland Revenue. He also a head in Higher Tax Payers office in Revenue & Custom Authority, Internal Audit Service. He participated in different studies of taxation in Ethiopia and abroad. Currently is on the process of establishing a consulting firm on finance and management. Ato Kifle Borga elected as a member of  Board of Directors since 2014 in Nib International Bank.

Ato Kifle Yirga Director

He is a Holder of M.S.C in Accounting and Finance from Sterling University Scotland UK, B.B.A degree in Accounting with Distinction from Addis Ababa University.

Ato Kifle Yirga began his career as a Junior auditor at price water house peat & Co. Then he moved to Ethiopia Pest Control p.l.c. As chief accountant, later on he joined Meta Abo Brewery as senior accountant and as Internal Controller where he later became Deputy General Manager. During the time of central economy, he was transferred to inspection Department of Central Planning where he worked as a senior expert and a team leader in charge of Industrial sector of the economy. From there he was transferred to Government entities; Automotive and Spare parts Enterprise as a Manager and later on as Deputy General Manager of Merchandise Wholesale and Import Trade Enterprise, former EDDC. Quitting from Government enterprises, he joined LATCO p.l.c. As Deputy General Manager; an enterprise engaged in import and distribution of Bridge stone, Goodyear and Firestone Tires. After LATCO he worked as a country Representative for Merkato Traders in China where he was handling all financial and logistical operations from Beijing.

Ato Kifle Yirga has also served as Chief Accountant and Deputy General Manager at different firms.

Currently he is General Manager of KANTH International Business p.l.c at the same time serving as a member of Board of Directors of Nib International Bank since 2011.

Ato Mulugeta Asfaw Director

Ato Mulugeta Asfaw born 1955 and He is a holder of B.Sc in Architecture and town planning at Addis Ababa University, Faculty of Technology department of Architecture and town planning and attended various management and technical courses at various institutes such as Membership of Professional Associations: Ethiopian Consulting Engineers and Architects Association (ECEAA) and AER (Association of Ethiopian Architects) He worked in different countries with different capacities such as Ethiopia, Eritrea, Rwanda, South Sudan and Burundi.

Ato Mulugeta worked as senior designer of different health centers and clinics in several regions under the Ministry of Health of Ethiopia also worked with SB Consult as Senior Architects and undertaking most of the project in the office. After that He worked with Rada Barnen Ethiopian as project manager for Urban Development programs from 1987-1989. Currently he is working as consultant in Architects and Engineers as a Manager and owner.

Ato Mulugeta Asfaw elected as a member of Board of Directors since 2015 in Nib International Bank.

Ato Mulugeta W/Michael Director






Ato Seifu Awash Director






Ato Tamiru Mane Director






Ato Abraham Mersha Director






Ato Teshome Shenkute Director






Ato Desalegn Denbu Director


Ato Thedrose Hile Secretary of Board of Directors