COLLEGE OF BUSINESS AND ECONOMICS

DEPARTMENT OF ECONOMICS

REPORT PREPARED FOR PRACTICAL ATTACHMENT

ABYSSINIA BANK BEGMIDER BRANCH

PREPARED BY: ABERA SISAY

ID NUMBER: 3080

SUBMITTED TO: HEAD DEPARTMENT OF

ECONOMICS

SUBMITTED DATE: NOVEMBER ,

2022
 ABSTRACT
This practical attachment's main goal is to evaluate the performance of the Abyssinia bank
Begmider branch. The degree to which the Abyssinia bank Begmider branch is carrying out its
vision and mission, as well as the organization's effectiveness in relation to its goals. The
purpose of this practical attachment was to broaden students' knowledge and provide them the
opportunity to contrast what they had learned in class thus far with their practical experiences.
To generate students that are highly competent, independent, engaged, change agents, and
effective problem solvers. The investigation of Abyssinia Bank of Ethiopia's equal participation
with other banks in achieving its vision, purpose, and target is another goal.
 AKNOWLEDGMENT

First most thanks go to GOD! Next, I would like to express my gratitude to all those who gave
me the possibility to complete this report . I am deeply in debited to my training in-charge at
the Abyssinia Begmider branch bank service and product whose help , stimulating suggestion
and encouragement helped us in all the time at the training site and also for writing this report. I
want to thank the manager of the company Mr. Zeleke D. And all the staff of a company for all
their help, support, interest and valuable hints. Especially, I would like to give my especial
thanks to my parents whose patient, love enabled me to complete this work.

At the last but not the least, I would like to bring special thanks for the company's Business
Banking Officer(BBO) and another friend's for their openness to share me their experience
related to my field of study, for their interest to work with me friendly and for the successful
completion of my report.
 Contents
ABSTRACT.......................................................................................................................... i
Acknowledgment..............................................................................................................ii
PART ONE: - ORGANIZATIONAL REPORT....................................................................................... 1
1.1 Background of the Abyssinia Bank................................................................................1
1.2. Cardinal issues missions, objectives, and value of the Abyssinia Bank.......................1
1.2.1Mission..............................................................................................................................1
1.2.2.objective...........................................................................................................................1
1.2.3.value.................................................................................................................................1

1.3. Organizational structures....................................................................................................... 2

1.4. The extent to which the organization is realizing its visions and missions and performances
of the organization in relation to its objectives.............................................................................4
1.5. Strength, weakness, opportunity and treat (SWOT) analysis of the organization Strength...4
1.5.1 Strength of Abyssinia bank...................................................................................................4
1.5.2 Weakness of Abyssinia bank................................................................................................4
1.5.3 Opportunities:-.....................................................................................................................4
1.5.4 Threats:-...............................................................................................................................5

1.6.Problems observed that affect the organization at current time and its critical issues....5
1.7. Suggested solutions or measures to be taken to solve or at least minimize the
problems................................................................................................................................. 5
PART TWO: - ACTIVITY REPORT..................................................................................................... 6
2.1Background of the department/division where you have been working.......................6
2.2. Objectives and major responsibilities as well as activities of the department or
division.................................................................................................................................6
2.3 Your responsibility and major activities of as member of department..........................6
2.4 Performances evaluation of your activities....................................................................6
2.5 Problems encountered on the job and remedial action I have taken............................7
 2.6 Problems encountered by the department and suggested solution..............................7
PART THREE: - ATTACHMENT EVALUATION..................................................................................8
3.1 Rationales of practical attachment................................................................................8
3.2 Significances of practical attachment...........................................................................8
3.3 Relevance of the organization and my activities............................................................8
3.4. Applicability of the theories and others in class on real world or practical wo rk
environment (the specific theory, area and course should be mentioned clearly)..............9
3.5 Major problem that I faced during the attachment.......................................................9
3.6 Suggested solutions during the practice......................................................................10
PART FOUR: - CONCLUSION AND RECOMMENDATION...............................................................11
4.1 Recommendation.........................................................................................................11
4.2 Conclusion................................................................................................................... 11
PART FIVE Appendix....................................................................................................................12
 CHAPTER ONE: - INTRODUCTION REPORT

1.1 Background of the Abyssinia Bank

The present day Bank of Abyssinia was stabilished on February 15,1996(90years to the day after the first
but defenect private Bank was stabilished in 1906 during empair Minilik 2) in accordance with 1960
Ethiopian commercial code and the licensed and super vision of Banking business proclamation
no84\1994.

BOA started it's operation with an authorized and paid up capital of birr 50 million and 17.8million
respectively and with only 131 share holders and 37 staff.

In two decades since it's establishment Bank of Abyssinia has registered a significant growth in paid up
capital and total assets. It also attracted many professional staff members. Valuable share holders and
large costumers from all walks of life. This performance indicate public confidence in the bank and
reliability and satisfication in it's service.

Currently employing the state of art bankiin technology the bank provides excellence domestic
international and special Banking service to it's strives to serve all economic and service sector via it's
every increasing branch networks through aut the cauntry.

1.2. Cardinal issues missions, vision, and objective of the Abyssinia

Bank
1.2.1Mission
They are committed to provide excellent financial services through competent, motivation
employees and digital technology in order to maximize value to all stakeholders.

1.2.2.Objective

Maximizing profitability through increased efficiency.

To contribute to the general economic development efforts of nation.

Enhance growing market share.

 Provide differentiated, varied and value added banking services.

Increasing employee satisfaction and developing their skill.

1.2.3 CORE VALUES

Our core values detailed below are the operating principles that guide our internal conduct as
well as our relationship with our customers, partners, and shareholders. - Integrity -Service
Excellence -Professionalism -Empowerment -Innovative Organization -Teamwork -Respect for
Diversity -Corporate Citizenship.

1.3. Organizational structures

The structure of an organization consists of the coordination of the individuals and collective
departments within the organization to collaboratively reach a final and shared goal in the
most effective and efficient manner.

In order for the organization in question to reach its full potential, Abyssinia bank maintains a
clear and consistent balance between the organization and the people employed within the
organization, as it is through the successful interaction between these two aspects of a business
that the necessary and effective structure can be achieved and maintained. The structure of
Abyssinia bank may be very similar to a regular organization, depending on the size of the bank.
Abyssinia Bank is governed by the Board of Directors consisting of a Chairperson, a Vice
Chairperson and seven Directors. The overall management is entrusted to the management team
which comprises the Chief Executive Officer.
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