Share Capital

At the time of its establishment, UB's authorized capital was Br. 100 million, out of which Br. 20,863,100 was fully subscribed and paid-up in cash by 335 founding shareholders.

This figure however, has increased considerably and during the eighth extraordinary General meeting of the Shareholders, held on the 7th day of November 2013 at the Addis Ababa Hilton, a unanimous decision was reached to increase the capital of the bank in such a manner that the authorized capital of the Bank shall be Birr 1,500,000,000.00 (one billion five hundred million Birr) as well as the paid-up share capital of the Bank shall be increased from Br. 600,000,000.00 (six hundred million) to Br. 1,000,000,000.00 (one billion).