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Notice for Job Applicants

Notice for Job Applicants

Applicants for the position of Associate Jr. Customer Service Officer whose names listed here under are selected for further screening.
Accordingly, please avail yourselves for the written exam that will be conducted on Sunday December 30, 2018 at 1:30 PM as indicated below:-

CANDIDATES: Listed under Sr. No 1 to 1,500 below or Whose names begin with alphabet – ABA to SHAN

Place of exam: Addis Ababa St. Mary’s university Mexico campus (Mexico-Near the Wabe Shebelle Hotel)

CANDIDATES: listed under Sr. No 1,501 to 2,001 below or Whose names begin with alphabet – SHEG to ZURI

Place of exam: Addis Ababa St. Mary’s university Post graduate campus (Meico- Near Ethiopian Petroleum Supply Enterprise)

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INVITATION FOR BID

Bid No. PPA/—-/18

 

No. Description Lot
1 Furniture & Fitting Lot-1
2 Computer & Related Items Lot-2
3 Cash Counting Machine with different size, Foreign Currency Detector,  Exchange Rate Display,  and Electronic Calculator Lot-3
4 Generator, Metal Detector, and Fire-extinguisher Lot-4

 

  1. Wegagen Bank S.C. invites sealed bids from eligible Bidders for the purchase of different Office Equipment
  2. The bid document shall be obtained commencing February 12, 2018 from Procurement and Property Administration Office at 16th floor at Wegagen Tower, In front of A.A. Stadium, by paying non-refundable fee of Birr 300.00 (Three Hundred Birr) for each Lots during office hours.
  3. Presentation of copy renewed trade license, Tax Clearance Certificate, TIN Certificate, and VAT/TOT Registration Certificate is mandatory.
  4. Bid proposal shall be accompanied by Bank bid bond/CPO for Lot-1 and Lot-4 each Birr 50,000.00, and Birr 75,000.00 for each Lots 2 and 3 in the name “Wegagen Bank S.C”.
  5. The bidders need to present their financial and technical proposals for each Lot separately in wax sealed envelopes.
  6. Bid Documents must be deposited in the tender box prepared separately for each Lot for this purpose at Wegagen Bank S.C, Procurement and Property Administration, during office hours before February 26, 2018 at 4:00 PM. at the place mentioned under   1 above.
  7. Bid opening shall be held in the presence of bidders and/or their legal agents who wish to attend, on February 27, 2018 at 9:30 AM at the place mentioned under no. 1 above as follows.

 

Lot Opening Date Time
Lot-1 February 27, 2018   9:30AM
Lot-2 February 27, 2018   3:30PM
Lot-3 February 27, 2018   2:00PM
Lot-4 February 27, 2018 11:00AM
  1. Failure to comply with any of the conditions from (1) to (5) above shall result in automatic rejection.
  2. The winner suppliers shall summit 10% of the award amount in the form of Performance Bond Guarantee.
  3. For any inquire, please don’t hesitate to contact Procurement and Property Administration, on Tel. 011-872-08-89

          The Bank reserves the right to accept or reject the bid either partially or fully as found appropriate.

Wegagen Bank Introduces a new Core Banking System

Wegagen Bank Introduces a new Core Banking System

Wegagen Bank has introduced a new core banking system called Oracle Flex Cube which is aimed at significantly transforming its operational performance and customer service delivery to the highest level of efficiency.

This core banking system has been successfully implemented in all the 285 Branches and forex bureaus of the Bank since January 1, 2018. In an event organized to celebrate the successful implementation of the core banking system on January 16, 2018 Bank President Ato Araya G/Egziabher said that the new Core Banking system would bring about a dramatic improvement in the operational performance and service delivery efficiency of the Bank. He also called on all districts to utilize the full capacity of the technology and raise the performance and standard of service delivery in the Bank.

Wegagen Bank’s CIO and Project Leader Ato Alexander G/Egziabher said that the new Oracle Core Banking System project was completed within the schedule and budget which is quite a remarkable accomplishment in the Banking industry in the country so far, given the scope and the complex nature of the project.

He said that the data migration from the previous Core Banking to the latest version of 12.1 Oracle Flex Cube Core Banking System was conducted in 260 Branches and forex bureaus in a space of two days with unmatched effectiveness that has not also been experienced in the industry so far. The CIO lauded the extraordinary commitment of the project team members who were working late hours including on Sundays and holidays to finalize the project timely.

At every milestone of the project, the Bank has given recognition to the tireless effort of the team members which made the project a success. The project has involved around 50 full time and 30 on call basis Bank staff drawn from the IT and Operational units of the Bank.

Wegagen Awards Prominent Customers

Wegagen Bank awards important customers engaged in export business, International money transfer service and partners contributed to foreign currency earning through swift.

During the Bank’s annual Forex Day held at Capital Hotel and Spa on November 2, 2017 Board Chairman Teferi Zewdu said that the Bank has earned 425.5 million USD in the last fiscal year ended on June 30,2017.

 

The foreign currency earning of the Bank showed 60.3 percent increase from that of 2015/16 fiscal year amounting to 160 million USD, the Chairman said.

The Board Chairman expressed the Bank’s readiness to give a better service to customers and partners engaged in foreign currency generation with a view to increasing foreign currency inflow to the country.

 

On the occasion Ato Teferi and CEO Ato Araya Gebre Egziabher handed over accolades and certificates of recognition to prominent customers who generated large amount of foreign currency in the last fiscal year ended on June 30, 2017.

Wegagen Grosses Birr 708.1 Million Profit

Wegagen Bank declared that it earned a gross profit of Birr 708.1 million in the 2016/17 Fiscal Year ended June 30, 2017.
The Bank has officially announced this achievement in the audited annual report presented at the 24th Ordinary Shareholders’ meeting held at Hilton Addis Ababa on November 16, 2017.
Bank President Araya G/Egziabher on the occasion said that the Bank earned a net profit of Birr 532.1 million in 2016/17 Fiscal Year after paying a profit tax of over 175.9 million.

The Bank’s paid up capital which was 1.7 billion at the end of 2015/16 Fiscal Year, grew to Birr 2.1 billion in 2016/17 and the total capital including reserves reached Birr 3.4 billion. In addition, the Bank’s total asset rose to Birr 20.9 billion from Birr 16.1 billion at the end of 2015/16. In a similar trend, the total deposit mobilized reached Birr 15.6 billion while the total loans and advances increased to Birr 10.2 billion. The number of shareholders is now 3,192, while the number of employees stood at 4,148 as at April 30, 2018.

Wegagen Bank grosses 478.5 million birr

During their general assembly meeting on Thursday November 10 at Hilton Hotel the Wegagen bank announced that its profits increased by 26 million birr. During the 2015/16 fiscal year Wegagen took in a gross profit of 478.5 million birr before tax. That comes to 375.6 million birr after tax. The bank has legal reserves of 94 million birr. The annual report of Wegagen indicated that earnings per share went down slightly last year.

According to the report, the earning per share was 222 birr for a 1,000 birr share. Previously earnings per share stood at 244 birr.Wegagen stated that the company’s assets grew significantly. The report shows total assets of the bank climbed to 16 billion birr form 13.7 billion.

According to the report deposits went up by 1.2 billion birr, to 11 billion birr, in total.The bank had 7.6 billion birr in loans under litigation an increase from the 6.2 billion birr in the 2014/15 fiscal year. Imports accessed 1.44 billion birr in loans with exports accessing 1.42 billion birr.

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Wegagen Bank inaugurates $34.5 mln built headquarters

Addis Ababa, September 30, 2017 (FBC) – President Mulatu Teshome today inaugurated a 23-storey building built by Wegagen Bank S.C at a cost of over 805 million birr (approximately $34.5 million at current exchange rate).

After inaugurating the building rested on 1,800 square meters of land, the President said Ethiopian private banks, including Wegagen, have been contributing a lot for the economic growth of the country by serving as a source of finance for investors and businesses.

The President urged Wegagen Bank to strengthen its role of becoming an additional source of capital for investors engaged in socio-economic development sectors.

Teferi Zewdu, Chairperson of the Bank’s Board of Directors, said the new building, with a height of 107 meters, will help the bank achieve its vision of becoming one of the top ten banks in Africa by 2025.

Established in 1997, Wegagen Bank has a network of 211 branches of which 83 are in Addis Ababa and the remaining 128 are located in regional cities and towns of the country.

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Wegagen Bank sees huge profits, share value increase

Wegagen Bank, one of the four most profitable private banks, has registered massive achievements in the past financial year in all features of banking activity.

The bank that conducted the general assembly on Thursday November 17 stated that it has registered a 43 percent higher profit for the 2016/17 financial year compared with 2015/16.

According to the audit report presented at the general assembly the bank has earned 708.1 million birr net profit before tax, which was 478 million birr a year ago.

The audit report indicated that the total net income of the bank after provision of doubtful debts increased almost half a billion birr. In the 2016/17 financial year Wegagen was able to earn over 1.6 billion birr, while was 1.14 billion birr in the 2015/16 financial year.

Wegagen’s net profit after tax has reached over half a billion birr and stood at 532 million birr. In the 2015/16 fiscal year the bank’s net profit after tax was 375.6 million birr.

The bank’s earnings per share also increased. The report stated that the earning per share of the bank has increased by 58 birr compared with the preceding year. A year ago a 1,000 birr share earned 222 birr, this has gone up to 280 birr this past fiscal year, which a notable growth since the earning per share in the financial industry had been declining.

The paid up capital as of the reported period, June 30, 2017, has increased to 2.1 billion birr from 1.7 billion birr a year ago.

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Wegagen Inaugurates its Headquarters Building

Wegagen Inaugurates its Headquarters Building

Wegagen Bank inaugurated its 23 stories new Headquarters building in a colorful ceremony in the presence of high-ranking government officials, customers and stakeholders of the Bank on Saturday September 30, 2017.

The building is inaugurated by H.E Dru Mulatu Teshome, President of the Federal Democratic Republic of Ethiopia, who remarked in his keynote address that the building demonstrates the growth the country’s banking industry is registering and serves as a symbol of the transformation Addis Ababa is undergoing.

The President also called up on the Bank to strengthen the key role it plays in the economy by financing investors engaged in the various economic sectors.

The Chairman of Wegagen Bank’s Board of Directors Ato Tefiri Zewdu on his part said that the building signifies the success the Bank has achieved over the last 20 years.

The building as its stands to date is the tallest in Addis Ababa with its height of 107 meters and has become the most distinct figure in Addis skyline with its elegant architectural design.

This multipurpose building will house   a number of businesses in its lower floors while the Bank’s Head Office staff populates the upper floors.