[Feb 2017] Addis International Bank Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide
Addis 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.
One 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...