Tsehay Bank and DARA agree to work together

Tsehay Bank and Documents Authentication and Registration Service (DARA) have signed an agreement to work together.

CEO of Tsehay Bank Yared Mesfin and Director General of DARA Dagato Kumbe signed the agreement at Tsehay Bank’s Head Office on March 01, 2023.

The agreement enables Tsehay Bank staff to authenticate documents online without going to DARA offices in person. AS per the agreement, Tsehay Bank would get access to online verification of power of attorney documents which enables the Bank’s employees to deliver provision of efficient and timely service to customers.

“The agreement will have significant benefit to Tsehay Bank as it would be instrumental in authenticating customers’ documents while they open saving accounts and during receiving loan services”, CEO of Tsehay Bank, Yared Mesfin said.

“The Bank will jointly work with DARA to realize swift verification of power of attorney documents so as to deliver quality and efficient services to customers,” the CEO added.

“DARA, which has 15 branches in Addis Ababa and Dire Dawa Cities, gives verification to more than 7,000 documents per day,” Director General of DARA Dagato Kumbe said.

“The agreement will enable Tsehay Bank to provide online verification of power of attorney documents there by preventing forgery of documents,” he added.

Effective starting from March 01, 2023, Tsehay bank will get swift access to online verification of power of attorney for documents that are authenticated and registered by DARA since September 2019. 

Tsehay Bank, which started operations on July 23, 2022, has opened more than 65 branches across the country and managed to collect more than 1.1 billion Birr in savings.