Nib International Bank (NIB) was established under license no. LBB/007/99 in accordance with the Commercial Code of Ethiopia and the Proclamation for Licensing and Supervision of Banking Business Proclamation. Founded in 1999, Nib International Bank S.C. NIB is one of Ethiopia's fastest-growing private banks, with total assets having grown 64% between 2008 and 2010 to reach $400 million. It is headquartered in Addis Ababa and operates a network of 48 branches, providing extensive coverage throughout the country.