Lion International Bank

Lion International Bank S.C. (LIB) is a privately owned Share Company, established on October 2, 2006 in accordance with Proclamation 84/94 and the commercial code of Ethiopia and officially inaugurated for public services on January 6, 2007. With over 6400 shareholders, LIB has a unique position in the commercial banking indusrty and is distinguished for its broad based participation of the public from all walks of life. LIB's paid up capital is over birr 320 million while its subscribed capital is birr 432 million. Article 310(1) of the commercial code of Ethiopia entitles the promoters' committee to 20% of the net profit of the bank for a period not exceeding three years. However, they have relinquished this right by their own free will to enhance the capacity of the Bank.