Siinqee Bank Appoints New Acting CEO

Siinqee Bank S.C. has appointed Getachew Deresa as its new acting Chief Executive Officer (CEO). Deresa previously served as the bank's Vice President of Banking Operations. He replaces Neway Megersa, who has transitioned to a new role outside the bank. Megersa has been appointed as the CEO of the newly established Oromia Sovereign Fund (OSF). The leadership change was confirmed by reports citing official bank information.

This transition marks a significant personnel shift for the financial institution. Siinqee Bank continues to expand its footprint within the Ethiopian banking sector, particularly in the Oromia region. The Oromia Sovereign Fund, where Megersa is moving, is expected to play a key role in regional economic management. Deresa is expected to leverage his prior operational experience to lead the bank's ongoing activities. No further changes to the board of directors have been announced at this time.