Top Ethiopian Private Banks Leading the Charge with Executive Compensation – Who’s at the Forefront?

This chart highlights the leading private banks in Ethiopia based on the compensation provided to their executive management teams, showcasing the top 10 institutions that made significant financial investments in leadership during the 2022/23 fiscal year.

10/6/20241 min read

The latest data on executive compensation across Ethiopia's top private banks for the fiscal year ending June 2023 highlights significant disparities in remuneration packages. Awash Bank tops the list with a whopping 265 million Birr, significantly boosted by share-linked compensation, setting it apart from its competitors. Nib International Bank follows at 59 million Birr, while Cooperative Bank of Oromia and Dashen Bank both sit at around 52 and 53 million Birr, respectively.

This trend reflects the increasing complexity and responsibility placed on leadership in Ethiopia’s financial institutions. Attractive compensation packages are crucial for retaining top-tier talent, particularly as banks navigate a fast-evolving economic landscape.

Stay tuned as we delve deeper into the implications of these compensation trends on the future of Ethiopia’s private banking sector.