Nib International Bank signed an agreement with the Ethiopian Commodity Exchange (ECX) on Friday January 9, 2009 at ECX’s Head Office to become ECX’s settlement member bank. The agreement was signed between Ato Amerga Kassa, President of NIB and Dr. Eleni Gebremedhin, CEO of ECX.

 

Under this agreement Nib International Bank handles online settlement services for the daily transactions taking place at ECX’s market. To facilitate this the Bank has already networked its settlement systems with that of ECX.

 

During the signing ceremony Ato Amerga Kassa expressed his Bank’s commitment to perform the settlement activities in a professional and efficient manner to the best satisfaction of all stakeholders. To this effect, the Bank has arranged an automated and online office, which is staffed with well-trained personnel.

 

Nib International Bank operates through 41 branches and has recently signed an agreement with the Dubai based IT solution provider to roll-out the implementation of StarBank online Banking System and network 16 additional branches in Addis Ababa by the end of January 2009. 

 

 

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