Auction Sale Announcement

Abyssinia Bank has moved to auction seized assets after borrowers defaulted, invoking Proclamations 97/1980 and 216/1992, as Ethiopia’s banks intensify recovery efforts. Bidders must submit a bank certified CPO equal to one quarter of the starting price, purchase auction documents for 100 birr, and inspect assets at designated branches and headquarters within working hours before bidding closes officially announced.

The winning bidder must settle the full price within 15 days or forfeit the deposit, while bids are submitted sealed by 4:00 a.m. and opened on February 3, 2018E.C. Buyers" shoulder taxes, VAT, title transfer, and lease obligations, may access partial bank financing if eligible, while the bank reserves cancellation rights and provides contact numbers for further inquiries publicly.

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