Key Takeaways:
• 61.9m shares — ECMA registered securities already held by Bunna Bank shareholders.
• 2.59m new shares — ECMA approved registration for offering to existing shareholders.
• June 23, 2026 — ECMA issued the notice approving Bunna Bank’s securities registration.
• Bunna Bank becomes one of the latest financial institutions completing securities registration.
• Registration was made under Public Offer and Trading of Securities Directive No. 1030/2024.
• ECMA said registration is not an endorsement or invitation to buy or sell shares.
• The decision advances formalisation of Ethiopia’s emerging capital market framework.
Market Impact:
ECMA’s registration of Bunna Bank’s existing and new shares marks another step in Ethiopia’s transition toward a regulated securities market. The approval brings Bunna Bank into the formal capital-market registration process required for issuers under Directive No. 1030/2024.
For investors and banks, the notice clarifies that securities registration is a compliance milestone, not a recommendation or public offer endorsement. This distinction matters as Ethiopia’s capital market builds disclosure standards, investor protections and issuer obligations.
The approval of 2.59 million new shares for existing shareholders also shows how banks are aligning capital-raising activity with ECMA’s regulatory process. The development adds momentum to the institutionalisation of Ethiopia’s securities market.
Key Numbers:
61.9m shares — Existing Bunna Bank shares registered — securities formalisation scale
2.59m shares — New shares approved — additional issuance to existing shareholders
June 23, 2026 — ECMA notice date — regulatory approval milestone
June 24, 2026 — Article publication date — reporting timeline
Directive No. 1030/2024 — Public offer and trading framework — legal basis for registration
Business Signal:
Bunna Bank’s share registration shows Ethiopian financial institutions are moving into a more formal capital-market regime, with ECMA setting compliance standards before broader securities activity expands.