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[Jun 2017] Addis International Bank Latest Ethiopian News AddisBiz.com | 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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Addis International Bank Profits Soar 64pc

Addis International bank s.c profits assets income liabilitiesOne of the latest members of the bank industry, Addis International Bank (AdIB), has enjoyed a successful third year, registering a profit after tax of 44.6 million Br, increasing by 64pc on the preceding year’s 27.2 million Br.

The profit after provision that the bank gained in its first year of operation was 7.3 million Br. The

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