Zemen Bank has announced that it is working to support small and medium-sized enterprises (SMEs) through financing and capacity-building initiatives, according to Ato Addis Woldecherkos, Delegated Chief Executive Officer and Chief Credit Officer of the Bank.
Ato Addis Woldecherkos stated that, in collaboration with partner companies, Zemen Bank has provided capacity-building training to various enterprises engaged in leather and agricultural product processing, with a particular focus on export-oriented businesses. Following the training, some of the enterprises were facilitated to access loans, while most are currently working with the Bank.
As part of its continued efforts to strengthen this initiative, the first round of capacity-building training for the leaders and members of selected enterprises was completed on October 17, 2026.
Meanwhile, Ato Asrat Tadesse, Chief Retail Banking Officer of Zemen Bank, announced that the Bank would continue to strengthen its support for small and medium-sized enterprises. During the current fiscal year, the Bank plans to conduct 16 capacity-building training programs and organize networking events involving 150 SMEs. The training programs will focus on enhancing financial literacy, export readiness, business management, and regulatory compliance.
