Business

Dashen Bank Seeks Regulatory Approval for Investment Banking Unit

AI SUMMARY

Dashen Bank is awaiting final regulatory approval to launch a dedicated investment banking unit as part of its expansion beyond commercial banking.

Dashen Bank is awaiting final regulatory approval to launch a dedicated investment banking unit.
Documentation is complete and specialist recruitment is currently underway.
The investment banking license is a separate approval from the ECMA share registration granted in December 2025.
The unit will underwrite initial public offerings, advise on mergers and acquisitions, and facilitate securities trading.
CEO Asfaw Alemu stated that the market currently lacks experienced professionals in this field.
The bank operates Dashen Capital S.C. as a separate subsidiary providing investment banking and asset management services.
Dashen's ordinary shares began trading on the Ethiopian Securities Exchange main board on February 23, 2026.
For the 2025/26 fiscal year, Dashen reported revenue of 31.4 billion Birr and total assets of 254.5 billion Birr.