July 19, 2024

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getahun nana leaves goh betoch bank

Goh Betoch Bank Appoints New CEO and Getahun Nana Departs

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Getahun Nana, a respected figure in the financial sector and the founding board chairperson of Goh Betoch Bank (GBB), has resigned from his position. Getahun, who has held various high-profile roles, including vice governor of the National Bank of Ethiopia and president of the Development Bank of Ethiopia, is stepping down to focus on his newly established training and consulting business. Despite his departure, he has expressed his commitment to continue supporting GBB, in which he holds a stake.

Getahun Nana played a vital role in establishing the Goh Betoch Bank in October 2021, which was backed by a significant capital investment and a diverse group of shareholders.

Getahun now heads the Capital Financial Excellence Center. The Capital Financial Excellence Center is a training and consulting organization founded by financial institutions and individuals.

Belachew Hurrissa replaced the position of Getahun Nana. Belachew Hurrissa joined the bank’s board in 2020. Belachew brings extensive experience from various sectors, including his previous role as chairman of the Cooperative Bank of Oromia.

The Capital Financial Excellence Center (CaFEC) was established by a coalition of 10 banks, nine insurance companies, two financial institution networks, one microfinance institution, and 20 individuals, with an initial capital of 61.6 million birr. This organization focuses on capacity building within the financial sector.

Meanwhile, Goh Betoch Bank (GBB), the first private mortgage finance company, recently appointed Girum Tsegaye as its new CEO, succeeding Mulugeta Asamre, a seasoned banking professional who stepped down due to personal reasons.

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