Two major players in Ethiopia’s financial sector, CBE Capital and NIB, signed a strategic investment banking agreement on Tuesday to support NIB’s future growth initiatives and enhance its financial capabilities.
As per the agreement, CBE Capital will provide NIB with an extensive array of investment banking services.
The partnership is anticipated to use CBE Capital’s experience and market knowledge to assist NIB in accomplishing its long-term strategic goals and navigating the intricacies of the changing financial environment.
Nib International Bank CEO expresses enthusiasm over the partnership
Nib International Bank CEO Henok Kebede expressed his excitement about the new collaboration.
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“The collaboration with CBE Capital comes at a crucial time as we continue to expand our services and strengthen our market position. We are confident that their deep expertise in investment banking will be invaluable in helping us execute our growth strategies and create long-term value for our shareholders. ”
CBE Capital Investment Bank CEO shared his enthusiasm
“We are incredibly proud to partner with Nib International Bank, a respected and robust institution in the Ethiopian banking industry, ” CBE CEO, Zemedeneh Negatu noted.
“This contract underscores our commitment to providing investment banking advisory services that empower NIB to make informed decisions and capitalise on strategic opportunities. We look forward to a fruitful partnership that will contribute to NIB’s continued success and the overall development of Ethiopia’s financial market. ”
About Nib International Bank
One of the top private commercial banks in Ethiopia is Nib International Bank.
NIB, founded with the goal of becoming a reliable partner for empowerment, has a solid growth history and is dedicated to client satisfaction.
The bank provides a full range of services and products through its vast branch network.
About CBE Capital
A leading investment banking company in Ethiopia, CBE Capital offers institutional and individual investors a comprehensive array of top-notch capital market services, such as initial public offerings (IPOs), private placements, mergers and acquisitions, and brokerage.
CBE Capital assists clients in various industries in reaching their financial and business objectives by concentrating on providing creative solutions and strategic direction.