Siinqee Bank Appoints Acting CEO Amid Leadership Shift

Siinqee Bank has appointed Getachew Deresa as acting chief executive officer, following the departure of Neway Megersa, who is now serving as CEO of the Oromia Sovereign Fund. The transition marks a pivotal moment for the bank as it continues to expand its operations.

Getachew Deresa, previously the bank's vice president of banking operations, will lead the institution during this critical phase of its development. His appointment comes as the bank transitions from a microfinance institution to a commercial bank.

Under Neway Megersa's leadership, Siinqee Bank achieved notable growth in its financial indicators during the 2025/26 fiscal year. This performance underscores the bank's progress before the recent leadership change.