ECMA Registers 6.3 Million Existing and 3.7 Million New Shares of Berhan Bank
The Ethiopian Capital Market Authority has approved the registration of nearly 10 million shares for Berhan Bank. This move allows the bank to offer both existing and new shares to a broader range of investors.
Why it matters
This represents a significant step in the formalization and expansion of Ethiopia's emerging capital market infrastructure.
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The Ethiopian Capital Market Authority (ECMA) has approved the registration of 9,999,000 shares of Berhan Bank S.C. , comprising both existing and newly offered shares, as the bank formally enters Ethiopia’s capital market registration framework.
In a notice dated October 1, 2026 , ECMA confirmed it had approved the Registration Statement of Berhan Bank S.C. on September 30, 2026 . The registered shares consist of two tranches: 6,328,419 existing shares already held by shareholders , and 3,671,581 new shares approved to be offered to both existing and new shareholders.
The registration follows Article 75 of the Capital Market Proclamation No. 1248/2021 and Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024 , which require all securities offered to the public to be registered with the Authority.
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