Tsedey Bank is aiming to increase its total assets to BIRR 65 billion within the next five years, according to a statement made during the bank’s first shareholder meeting in Bahir Dar. The bank began operations in September 2022 with a subscribed capital of BIRR 11 billion and a paid-up capital of BIRR 7.8 billion, and had 148 branches at the time. Tsedey Bank was originally launched as a rural credit service in 1996 with BIRR 3 million, before becoming a microfinance institute, Amhara Credit and Savings Institute (ACSI), in 1997.