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[Aug 2017] Ethiopian Bank Profit Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Addis International Bank Profits 85.3 ml Br for 2016 / 2015

Addis International bank s.c profitsAddis International Bank has had an impressive year, registering an annual profit growth of 100pc, since its establishment in 2011 as one of the late entrants into the banking industry. The Bank earned a net profit of 85.3 million Br in the 2015/16 fiscal year, a 46pc increase over its performance in the previous year.

The Bank

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Abay Bank Profits 146.5 Million birr after tax for 2016/2015 Fiscal Year

Abay Bank SC Logo EthiopiaAbay has posted a 146.5 million Br net profit under tight liquidity conditions.

The Bank has been reporting a positive profit growth over the past five years. The current year’s profit is six times higher than 2011/12 fiscal year.

Abay showed the results despite the economic slowdown in the country. Last year, the country was hit by El

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United Bank Profits 339 million birr for 2016 fiscal year

United Bank SC Ethiopia LogoUnited Bank S.C. has shown a profit of 339 million Br this year, 20pc higher than last fiscal year.

The bank’s growth rate is higher than the average rate of growth of medium banks, a category that includes Nib Bank, Bank of Abyssinia, Wegagen Bank and United itself.

The bank’s earning per 1,000 share also bounced to 324 Br, unlike the trend observed in

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Enat Banks earns 78.9 million birr net profit for 2016 year

Enat Bank Ethiopia LogoEnat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc

A 50pc increase in net profits to 78.9 million Br, has slightly helped Enat to boost its earnings per share (EPS) which are currently at the 167.6 Br mark from 164.3 Br last year.

Established in 2013 with 11 Board members, six

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Abyssinia Bank Profits 375 million Br after tax for 2016 year

Abyssinia Bank ProfitThe Bank of Abyssinia has reported a 30pc rise in its net profits to 375 million Br, slightly lower than industry competitor Wegagen Bank. The bank has faced a profit growth slowdown in recent years, making this year’s growth rate a record-high since 2010.

Last year, Wegagen’s profit was 22.4pc higher than of BOA’s. However, in 2016, the gap contracted to two percent.

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Berhan Bank Profits 260.2 million Br after tax on 2016

Berhan International Bank Logo EthiopiaBerhan Bank scored a profit of 260.2 million Br after tax in 2016. For the seven-year-old bank, this is an increase of 146pc from last years performance and is the largest rate of increment compared to all banks who have declared their profits this year.

This has helped increase earnings per share (EPS) from 207 Br to 399

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