United Bank is delighted to announce a strategic partnership agreement with Deloitte Consulting Ltd. to design a long term strategic road map for the Bank.

The agreement signing took place on April 14, 2018 at the bank’s boardroom located inside the BANK’S HEAD OFFICE at MEKWOR PLAZA BUILDING on SIERRA LEONE STREET (DEBEREZEIT ROAD).

During the event, it was told that United Bank and Deloitte Consulting Ltd. have recently concluded an agreement to commence on the Bank’s “Strategy 2030” plan. This partnership will seek to help the bank craft its 12 year strategy centered on people, processes and technology.

The Bank has covered considerable ground in its negotiations with different international consultants before finally landing the deal with Deloitte Consulting Ltd.’s management. Accordingly, it was told the bid process that closed in January 2018 has had multiple local and international consulting firms competing. The Technical evaluations progressed through January and February 2018 with representatives from United Bank carrying out due diligence, which included visits to the referenced clients of the bidding firms. The Bank decided to award Deloitte Consulting Ltd. with the project taking into account their global reach, technical ability, and the breadth of the banking strategy experience. Meanwhile, it was told one of the bidding firms - KPMG’s Management Consulting has forfeited the bid bond amount that it had issued as part of the bidding process failing to keep its side of the negotiation terms and conditions.

Deloitte, the largest of the Big 4 international consulting firms, headquartered in New York, closed the financial year with revenues of USD 39bn, beating out the nearest rival by USD 1bn. With an employee base of 263,900 globally, and almost 1,000 in East Africa, they are well positioned to assist the bank in this transition. The project team is expected to hit the ground running to deliver this project with a cross functional team from the East African region.

Speaking at the signing of the agreement, Rodger George, Advisory Leader of Deloitte East Africa said that “
” Ethiopia Desk and Technology Advisory Partner Amaha Bekele, also added, “Deloitte’s appointment following a rigorous evaluation process is a testament to our
continued commitment to excellent client delivery in the Ethiopian market.”

United Bank is a share company that stands among the few prominent private Banks in Ethiopia, operating all over the country with more than 230 branches and various service channels that include Agent Banking, ATMs, POS, Internet banking and Mobile banking services. United Bank provides an array of banking services that include: conventional, interest free and multi-Channel banking products.

Deloitte looks forward to delivering a remarkably flexible and collaborative consulting experience
that will set up United Bank for success.

United Bank has a distinguished track record in instituting the foundation of convenient banking experience to its customers; adapting itself with the ever changing world of technology, and pioneering in IT backed modern banking services. The Bank has been at the forefront of modern banking in the country, introducing technology based new delivery channels such as internet banking and SMS banking.