Nib International Bank Appoints Female President

Emebet Melese, Ph.D., has been appointed as the President of Nib International Bank. She worked as Commercial Bank of Ethiopia (CBE) Vice President too. Nib appointed the new president after the resignation of Genene Ruga.

This new role of Emebet Melese marks a significant advancement in gender diversity within the banking industry, as she is only the second woman to be holding presidential position in Ethiopian banking sector. Melika Badri, the CEO of Zamzam bank, is the other woman working in a top position in Ethiopian banking sector.

In the interim period before the appointment of Emebet Melese, Melkamu Solomon oversaw the operations of the bank. The appointment of Emebet Melese as the new President was approved by the National Bank of Ethiopia (NBE) earlier this week. Emebet Melese has more than 22 years of experience in the banking industry.

Emebet Melese brings a wealth of relevant experience to this new position. During her time at the CBE, she was the vice president of the strategic planning and transformation office. Emebet Melese started working at the Commercial Bank of Ethiopia (CBE) in 2018 as a Vice President in charge of credit appraisal. Over time, she took on more responsibilities and became the Vice President of Corporate Quality Assurance.

Nib International Bank has gone through this change in leadership amid complaints by shareholders being investigated by the National Bank of Ethiopia (NBE).

In February this year, following an internal leadership dispute that led to the departure of Genene Ruga, the president of Nib International Bank (NIB), the newly elected board of directors announced its commitment to continue implementing reforms aimed at overcoming the bank’s challenges.

In a statement released by the board in February, it emphasized its intention to address past issues and implement significant reforms within the bank. One of the key adjustments planned by the board was the reorganization of the bank’s top leadership, based on the findings of an inquiry conducted by the National Bank of Ethiopia (NBE).

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