#CapitalMarket Wegagen Bank's initial public offering is not about issuing new shares. Rather, it is a platform for existing shareholders to discover the price of their already-held shares. The Bank's history evidences its growth and resilience. Incorporated in 1997 with a paid-up capital of 30 million Br, it has grown into one of Ethiopia's top five private commercial banks. As of June 30, 2024, its assets were 65.7 billion Br, demonstrating its expansive reach.

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Source: addisfortune
@Ethiopianbusinessdaily