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[Aug 2017] Profits Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Oromia International Bank S.C. (OIB) doubles it's profit

oromia-international-bank-headquarters-addis-ababaOromia International Bank S.C. (OIB), reported a year of staggering performance from the previous year, registering a profit after tax of 154.3 million Br, nearly doubling the previous year’s 78.1 million Br. Together with the profit, the earnings per share (EPS) has also gone up to 310 Br from the 192 Br in the preceding year.

“The profit of 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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