Siket Bank S.C. traces its institutional lineage to the establishment of the Addis Ababa Job Creation Project Office in 1996. This initiative was conceived under the auspices of the Addis Ababa City Administration with the explicit objective of providing financial services to underserved populations and low-income entrepreneurs who lacked access to the formal banking sector. The success of this project demonstrated the viability of targeted financial inclusion, leading to its formal incorporation as a microfinance institution under the designation Addis Credit and Saving Institution S.C. in the year 2000.
This establishment was conducted in full compliance with the National Bank of Ethiopia's Proclamation No. 40/96, with an initial subscribed capital of Birr 1,017,000 and paid up capital of Birr 517,000. Following a period of sustained growth and in accordance with the directives of the National Bank of Ethiopia, the institution underwent a strategic transformation, culminating in the granting of a full banking business license and its re-establishment as Siket Bank S.C. on July 12, 2023. This evolution from a microfinance institution to a commercial bank represents a significant milestone, enabling the Bank to expand its service portfolio while retaining its foundational commitment to broad-based economic empowerment.
The bank has been showing continued growth as evidenced by its number of customers, capital growth, assets, outstanding loans, employees, number of branches, etc. By 2025 & 26 semi annual budget year, the bank has reached 9.9 billion birr in capital, 21.2 billion birr in total assets, the number of customers has reached more than 699.5 thousands, the number of employees has increased to more than 2.5K and the number of branch offices has reached 156.
As Siket Bank, we believe in Operational Excellence as the strategic approach to optimize our internal processes, technologies, and organizational culture to achieve higher efficiency, better customer service, risk management, employee development, quality assurance and improved financial performance. We focus on creating a seamless, efficient, and effective operation that consistently delivers value and meets or exceeds customer expectations and stakeholders value.
Our Tagline (Motto)
THE BASIS OF YOUR SUCCESS!
ስኬት ባንክ የስኬትዎ መሰረት!
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