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Dr. Yohannes Ayalew has been appointed as the new CEO of Amhara Bank , effective September 13, 2024. This announcement came following his voluntary resignation from his previous role as the President of the Ethiopian Development Bank (DBE).
Dr. Yohannes’ tenure at the Ethiopian Development Bank began on September 12, 2020. He succeeded Haileyesus Bekele, who had resigned just two days prior. Dr. Yohannes brought a wealth of experience to the position, having previously served as the Vice Governor and Chief Economist of the National Bank of Ethiopia (NBE). His background also includes a role as an executive director at the Ethiopian Development Research Institute, showcasing his extensive expertise in economic and financial matters.
Before assuming the role at DBE, Dr. Yohannes was a member of the board of directors at the National Bank of Ethiopia. His appointment to the leadership position at DBE was part of a notable pattern where former NBE vice governors have transitioned into prominent roles at the Development Bank of Ethiopia. This trend includes his predecessor, Getahun Nana, who also held the position of DBE President before Haileyesus Bekele.
Dr. Yohannes’ move to Amhara Bank marks a significant shift in his career, reflecting a new phase in his professional journey. His previous experiences and leadership roles in financial institutions are expected to contribute to the growth and strategic direction of Amhara Bank.
