Corporate Governance

The Bank has a Board of Directors, which is accountable to the General Meeting of Shareholders. The current Board consists of nine members appointed by the General Meeting of Shareholders. The term of office of each member of the Board is three years, but they are eligible for another term.

Ato Zafu Eyessuswerk Zafu is the current Chairman of the Board. All Directors have great merit with successful business and professional background.

The Board appoints the President of the Bank, who carries out the day-to-day management of the Bank. Ato Taye Dibekulu is the current president. Three Vice Presidents, Two Assistant Vice Presidents and fifteen Department Managers with high academic qualification and long years of professional and banking experience assist the President.

United Bank’s total number of staff as at June 30, 2016 reached 3,253+ including managerial, supervisory and support staff.

Board of Directors  





Mr. Zafu EyesusWork Zafu

(Chairman of the Board)



Date of Birth        :    January 14, 1938

Work Experience

Founder and Managing Director/CEO and Chairman of the Board at United Insurance Company;

Managing Director at City Business S.C. Addis Ababa, Ethiopia

General Manager/ Chief Executive for African Reinsurance Corporation, Lagos Nigeria;

Director /General Manager at Glanvill Enthoven Reinsurance Corporation, Lagos Nigeria;

Underwriter at The African Insurance Company (Sudan) Ltd, Khartoum, Sudan;  

Act/General Manager and Board member of Ethiopian Insurance Corporation;

Act/General Manager  at Pan Africa Insurance Company;

Deputy General Manager at Blue Nile Insurance Company;

Supervisor , Sales & Public Relations, Assistant General Manager Marketing and Deputy General Manager and Secretary of Board of Directors at Blue Nile Insurance Corporation S.C.; 

Trainee/Life Service Inspector, Life Sales Superintendant and Management Trainee at Imperial Insurance Co.;

Accounting/Payroll clerk at Imperial Air Force.

Academic Achievements

M.P.I.A (Master of Public & International Affairs) –Graduate School of Public & International Affairs, University of Pittsburgh, Pittsburgh, Pennsylvania, USA. 

B.A. in Administration – Haile Silassie I University  Addis Ababa,      Ethiopia;








Mr. Getamesay Degefu Woldecherkos

(Vice Chairman of the Board)


Date of Birth          :  1947

Work Experience   :

Founder and Board Director,  CEO and Partner at OMEDAD;

Financial Manager, Manager Shipping, Clearing and Forwarding, Commodity Trade and Finally Chief Executive Officer at Ethiopia Amalgamated Limited;

Senior Accountant and Manager at ETLCO PLC;

Auditor at A.Besse and Company;

Academic Achievement

B.A. in Accounting from Addis Ababa University.



Mrs. Getu Getachew Woldecherkos

(Board of Director)

Date of Birth          :  May 1962

Work Experience   :

Senior Debt Expert VIII at EFDR - Ministry of Finance and Economic Cooperation;

Junior Budget Expert and Team Leader, Amhara Regional State, East Gojam and North Showa Zone Finance Bureau;

Book Keeper at Ministry of State Farm, Bale Enterprise.

Academic Achievement

MA in Economics specialized in Finance & Credit.




Mrs. Azalech Yirgu Belayneh

(Board of Director)


Date of Birth           :    April 20, 1952

Work Experience    :

Deputy General Manager for Life and Medexin at United Insurance Company;

Manager for Life Insurance at Ethiopian Insurance Corporation.

Academic Achievement

B.A. Degree in Management, Unity University, Addis Ababa, Ethiopia.

Diploma in Secretarial Training from Commercial School, Addis Ababa, Ethiopia;

Diploma in Insurance from Banking and Insurance Training Institute.




Mr. Tsegaye Degefu Worku

(Board of Director)



Date of Birth             :  May 7, 1962

Work Experience     :

Sales and Marketing and Customer Service & Logistics Manager at Libya Oil Limited;

Retail Territory Manager, Act/Operations Manager at Shell Ethiopia Ltd. Addis Ababa, Ethiopia.

Sales Representative at SACA, SUZUKI Motors, Addis Ababa, Ethiopia;

Academic Achievement

B.A. Degree in Business Management from Addis Ababa  University;

Diploma in Accounting from Junior Collage of Commerce Addis Ababa, Ethiopia.

Attended Executive Leadership Development Program at Wits Business School, University of the Witwatersrand, (Johannesburg, South Africa.      






Mr. Wesnu Kumela Gragne

(Board of Director)



Date of Birth            :     December 17, 1973 EC

Work Experience     :

General Manager (Administrative, Finance Procurement and Technical Departments);

Purchasing Department Manager at  OMEDAD;

Administrative and General Service Manager at OMEDAD.

Academic Achievement

B.A. Degree in Political Science and International Relations from Addis Ababa University.






Mr. Wube Kinfe Wolde Tsadik

(Board of Director)






Date of Birth            :  March 19, 1942

Work Experience    : 

Main branch manager at United Bank S.C.;

Different positions up to Manager Human Resource Department at Commercial bank of Ethiopia;

Academic Achievement

Diploma in advances course in the Economics of Banking from Fin Africa, Milan Italy;  

Diploma in Banking from Ethiopian Institute of banking and Insurance.




Mr. Fikadu Girma G/Mariam

(Board of Director)







Date of Birth           : May 7, 1962

Work Experience    :

General Manager at B.H. Trading and Manufacturing PLC;

General Manager at Abay Technical Trading and Share Company;

Senior Cost Accountant and Manager, Finance Department at Kality Metal Products and Factory;

Junior Accountant and Accountant at Kality Steel Industry;

Payroll Clerk at Awash Tannery.

Academic Achievement

MBL in Business Leadership from University of South Africa (UNISA);

B.A. Degree in Accounting from Addis Ababa University.


Structure of the Bank