Action Plan - Equb

Product Development Directorate
IFB Banking Product Development Division

Action Plan for Proposal Document on Package of
Financial Products and Services for Special feature
Wadiah and Mudarabah saving Account
October, 2023
1. Introduction
Awash Bank is among the largest private banks in Ethiopia was established
by 486 founding shareholders with a paid-up capital of Birr 24.2 million and
started banking operations on Feb. 13, 1995. As of the end of June 2022, its
paid-up capital increased over Birr 10.29 Billion. Likewise, as of the end of
June 2022, our total assets reached Birr 183.4 Billion with over 725 branches
found across the country, Awash Bank continues to be the leading private
commercial Bank in Ethiopia.
Awash Bank is a bank that has thrived over 28 years in a rapidly evolving
market and economy. Having grown from humble beginnings with visionary
intent, we are the first private bank in Ethiopia to exceed the 7.45 Billion
profit mark in the history of Ethiopian Private Banks in the financial year
2021/2022 since inception, we have expanded through a combination of
substantial organic growth and an enhanced customer service experience.
2. Objective
 The general objective of the action plan is to develop and Capacitate the
special features of Wadiah and Mudarabah product and services for
customers to provide valuable insights into market trends, inventory
optimization, product offerings, new opportunities, and customer
satisfaction to meet the financial inclusion goal of the bank from the
financial products to be proposed.
3. Participants
The draft proposal document is to be developed by the officer; Sead Aliyi
and comments and reviews will be made on the drafted document by the
Manager- Product Development Mrs. Mahlet Girma and also the document
will be finalized by the Product Development Director, Mr. Shasho Ayalew.
4. Practical Expected results:

 The best local practice to be incorporated in the literature related
to IFB Financial products and services offered will be reviewed
from peer bank’s websites and (locally and internationally), and
publications of research (if any) are supposed to be collected;
 Data collection and analysis will be made from any reliable
available sources; both internally and externally using available
ways of data collection like question using our checklist standard
and Interviews.
 Drafting of the need assessment and proposal document will be
made at the office;
 Presentation of the documents will be conducted
 Edition of the drafted document will be conducted; and
 Finalization and submission of the developed proposal will be
done.
5. Action points of the proposal on Financial products on

Package of Financial Products and services for special
features of wadiah and mudarabah saving account to
Awash Bank
Responsible
N List of tasks to be Mechanisms of Person/body Timeline
o done implementation
1 Action plan Based on the guideline of the Oct 3, 2023
preparation Product Development Sead Aliyi 40 minutes )
2 Literature review Readings of documents, Oct 3-5 , 2023
related to the title understanding of the topic, ”
and data collection process.
3 Conducting Need  Preparing needs Oct 6– 11, 2023
Assessments assessment questionnaire, ”
 Conducting Interviews
4 Preparing Need Office works ” Oct. 11- 17,
Assessment 2023
Documents
5 Draft needs Office works Oct. 18 - 24,
assessment document ” 2023
6 Submitting need Office work Oct. 25- 28

assessment Result ” 2023
7 Proceeding to PD
proposal based on the Oct 29 -
recommendations in Office work ” Nov.03, 2023
the need
assessment/Drafting
the document/
8 Editorial works Office work ” Nov.04-05, 2023
9 Submission of the first Office work Sead Aliyi, Yared Nov. 0 7 , 2023
draft to the Principal Adenew & Mahlet
Officer and Manager - Girma.
PD Division
7. Logistic Resources required:

 Internet Connections, transportation, computer, and other materials useful
for the work upon demand.
Prepared by: Approved by:
Name: Sead Aliyi ____________________
Position: Sr. IFB PD Officer _____________________
Date: 03/10/2023 _____________________

Action Plan - Equb

Uploaded by

Action Plan - Equb

Uploaded by

Product Development Directorate

IFB Banking Product Development Division

4. Practical Expected results:

5. Action points of the proposal on Financial products on

6 Submitting need Office work Oct. 25- 28

7. Logistic Resources required:

Name: Sead Aliyi ____________________

Position: Sr. IFB PD Officer _____________________

Date: 03/10/2023 _____________________

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