August 1, 2018
Wegagen Bank donated Birr 23 million in the 2017/18 fiscal year to various regional governments to support their effort in the rehabilitation of internally displaced people. In a similar development, the Bank granted Birr two million to strengthen the effort to control and eradicate the American Army weed or locally known as “Emboch” which has infested the Lake Tana threatening the livelihood of thousands of farmers.
The Donations were made to support the efforts being exerted to rehabilitate internally displaced people following communal conflicts mainly in Oromia and Ethio-Somali regions and SNNP and Oromia regions. The donations cheques have been handed over to corresponding authorities in Oromia, Ethio-Somali and SNNP regions in various events in the presence of high ranking regional government officials and the Bank’s executives.
Over the past 21 years, the Bank has been responsive to the calls of the government of Ethiopia and regional governments during the times of natural and man made disasters extending its support morally and financially. As part of discharging its corporate social responsibility the Bank allocates budget regularly to address various social and environmental challenges faced by various communities.