United Bank S.C has appointed Ato Melaku Kebede as the acting CEO of the Bank effective 12 December 2019, which has now been approved by the National Bank of Ethiopia (NBE).

Ato Melaku Kebede, the master mind behind the setup of the Bank’s competitive edge in technology, has a rich experience in the Ethiopian Banking industry. His outstanding expertise in technology coupled up with his proficiency in business, has also made him the right pick to lead the Bank’s effort in devising its new Strategy 2030 with Deloitte consulting Ltd. Post the development of the strategy, Ato Melaku Kebede was appointed as the Senior Deputy CEO – Strategy & Technology.

Ato Melaku has more than fourteen years of experience in the Banking Industry. He has served United Bank for more than a decade at various capacities as: Senior Deputy CEO – Strategy & Technology (Jan 2019- Dec 2019) and Vice President – Systems & E-Banking (Jun 2012 – Dec 2018) and Manager, IT Department (Jul 2005 – Oct 2008).

In November 2008, after serving United Bank for over 3 years and before being invited back to serve United Bank share company in June 2012, Ato Melaku has served Zemen Bank ( Nov 2008 – 2012) as the V/P Technology. During this period, Ato Melaku has led the Bank’s overall technology project implementation with awards and certificates for his outstanding project management. 


On Saturday the 4th of January 2020, United Bank S.C bid a warm farewell to its former CEO, Ato Taye Dibekulu, at the Hilton Addis. The event was attended by the Bank’s Board of Directors, higher officials and invited guests.

The Bank recognized Ato Taye Dibekulu’s years of service with an appreciation note from the Board Chairman and the current acting CEO. During the event, Ato Taye was also awarded with the V8 he has been driving while in office, Half a Million Birr net from tax and a gold chain necklace with the logo of the Bank.

The event was highlighted with Ato Taye Dibekulu’s remark of good wishes to the Bank and commitment to stand with the bank and offer his support whenever required.

United, We Prosper!


On Behalf of the Board of Directors, management and employees of United Bank, we would like to extend our deepest condolence to the families and relatives of victims on board the Ethiopian Airlines flight from Addis Ababa to Nairobi, Kenya on March 10, 2019.


United Bank S.C, reputable for being an innovative financial services provider in Ethiopia, has been serving its customers with the utmost care and commitment for more than a couple of decades. Through the dynamism and altering economic conditions our country faced over the years, United Bank maintained a steady financial growth, strictly adhering to the rules and regulation of the National Bank of Ethiopia.    


The Mandatory bill purchase policy issued by NBE in 2011, obliged private banks to settle bill payments equivalent to 27% of their loan disbursement. In turn, the policy pressured private banks to increase their lending rates and introduce early settlement penalty fees.


In November 2019, the National Bank of Ethiopia announced its lifting of the mandatory bill purchase policy. The NBE’s decision in this regard, creates the leverage for the financial sector to better assist the economy. Private Banks, being relieved from the mandatory bill purchase, will have more loanable fund to meet the economy’s demand for financing with a better scheme or financing structure. This leverage plays a vital role in creating conducive business atmosphere for businesses to grow their financial muscle and generate more foreign currency into the economy. It is also worth mentioning that this development will encourage and attract investments and combat inflation.


Following the lifting of the mandatory bill purchase policy United Bank has made the relevant assessments and passed decision to make the necessary amendments.


Therefore, we are pleased to announce that our Bank has decided not only to reduce its lending rates but also waive the early settlement penalty. The early settlement penalty waiver will apply to all sectors; while the lending rate reduction may vary from sector to sector depending on the priority level.  The biggest lending rate reduction is made on manufacturing for export sector that goes as high as 4.5%.  This revision shall be enforced effective January 1, 2020.


 United Bank is looking forward to serving customers with a wide range of financial options and service excellence.


United, We Prosper!

United Bank announces the official launching of its long term strategic road map to reach its main goal of becoming one of the top five private Banks in East Africa.

The Bank took the initiative to devise a strategic road map that will lead it on a journey of transformation with the underlying intent of capitalizing on the growth opportunity that presents itself in the country as well as to respond to the positive economic developments unfolding regionally and globally.

Accordingly, in order to reap the benefits that will accrue as a result of the financial deepening taking place in due course, our Bank has undergone a process to contrive a strategic road map. The drive to devise the plan, aims to help us grow our competitive advantage through the continuance of our technological lead in the market. It also aims in setting the conditions to enable us to provide an excellent service that appeals to the ever diversifying needs of customers that are demanding more from banks in a form of personalized and competitive banking services. The strategic plan is therefore, a response to position our Bank to cash on these growth opportunities.

The Bank selected Deloitte Consulting Ltd. for the task after going through an international bid process that involved international consulting firms as competitors. Subsequently, after awarding the project in April 2018 the Bank has been undertaking the project’s multifaceted actions centering on transforming the Bank.

The strategic document re-defined the Bank’s vision & mission statement and core values in line with its aspirations of becoming the preferred financial services provider of innovative solutions across Africa.

The strategic document has undergone different deliberations and approval process by the Bank’s Management and the Bank’s Board of Directors. Consequently, the implementation of the 2030 strategic road map is now in full swing following its official completion and the approval of same by the Bank’s Board of Directors.

United Bank’s management strongly believes the implementation of the strategic road map will play a pivotal role in helping the Bank remain competitive by best leveraging its competitive advantage in light of the increased competition both locally as well as from regional and global perspective.

About United Bank

United Bank is a share company established in 1998 that stands among the few prominent private Banks in Ethiopia, operating all over the country with more than 244 branches and provides an array of banking services that include: conventional, interest free and multi-Channel banking products through various service channels that include Agent Banking, ATMs, POS, Internet banking and Mobile banking services.


United Bank has a distinguished track record in instituting the foundation of convenient banking experience to its customers; adapting itself with the ever changing world of technology, and pioneering in IT backed modern banking services. The Bank has been at the forefront of modern banking in the country, introducing technology based new delivery channels such as internet banking and SMS banking.