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Events Message from Board Chairperson Board of directors' Report(English) Board of directors'Report(Amharic)
News LIB successfully held its 3rd Regular General Assembly Lion International Bank S.C. (LIB) has successfully held its Third Regular General Assembly on Friday, 01 January 2010. The General Assembly has reelected the existing Board of Directors' (BoD) to lead the Bank for the second term (2010-2012). It was disclosed that the Board of Directors', during its tenure, has accomplished a successful achievements which brought the Bank to a profitability track record. Thus, in order to speed up the pace and reinforce what has been so far achieved and attain better performance in the future and keep up the continuity and sustainability of the efforts, the General Assembly voted in majority for the reelection of the BoD for the second term. The Bank has reportedly registered a record profit of 3.74 million Birr profit during 2008/09 Fiscal Year, which has increased by 600 per cent compared to the performance of the previous fiscal. Despite all odds encountered in the overall global and domestic economic condition, LIB has registered rewarding achievements in all aspects of its operations by efficiently managing, mobilizing and allocation of its resources. The Bank has managed to raise its branches from 16 to 19 during the concluded year amid the lingering on of the global economic crisis and has a plan to increase its branches to 24 by opening five additional branches in Addis Ababa and regional towns this fiscal year. All the city branches as well as Mekele and Gondar branches have been networked through Delta Core Banking Solutions as of February 16, 2009; the solution is the first in its kind not only in Ethiopia, but also in the East Africa. Networking the remaining branches using Delta Core Banking Solutions will continue while expanding its branches cautiously in selected places. During the fiscal year, the Bank's paid up capital reached close to Birr 200 million. As a new Bank, the paid up capital of the Bank is strong compared to other similar banks in their take off period. The Bank's total asset reached close to one billion Birr. LIB has created job opportunity for more than 516 employees and will provide to 112 employees in this 2009/2010 fiscal year. It has also prepared and approved its five years strategic plan, to serve it as a road map for its overall performance in the coming five years time.
CONGRATULATIONS!! DELTA CORE BANKING SOUTIONS GO LIVE The core Banking Solutions developed by the renowned French based Delta Informatique Company is now possessed by Lion. The Europe standard IT technology is the first in its kind in Ethiopia. Now you can: - Easily access your accounts from any nearby branch of LIB;
- Use all the services & products of the Bank in fast & satisfactory manner.
The core banking solution is compatible with upcoming all banking technologies such as: Web (Internet) banking, ATM service, International Money Transfer service, Tele banking & other contemporary banking services. Lion gives you the lion share in core banking solutions like its strength in its paid up capital and number of shareholders in the banking industry of the country. We will continue to keep our promise in providing technology guided quality banking services LIB KEY TO SUCCESS!! Photo Gallery
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