To expand its service coverage, the bank keeps on opening additional branches both in Addis Ababa and regional towns.

The bank was established on the 11 June 1997 as a result of the entrepreneurial wit of sixteen founding members who recognized the critical role that financial institutions would play towards creating a sustained economic development.

When it started the bank operated through its head office located in Gofa Sefer, Addis Ababa.

In October 2017, Wegagen moved to its 23 Storey Headquarters Building in front of Addis Ababa Stadium, Ras Mekonnen Street.

Its headquarters are a modern building located at the central financial hub of Addis Ababa.