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[Oct 2017] Lion International Bank (LIB) S.C. Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Lion International Bank 2015 Profit rises 108pc to 200 million Br

Lion International Bank (LIB) S.C. has reversed last year’s poor performance in major areas of its operations, in what board of directors claim is the result of a strategy employed which also resulted in additional ways of accumulating income. This was mainly reflected by doubling its net profit reaching a little over 200 million Br.

Such bonanza in net profit has trickled down to shareholders numbered no less than 7,000, who saw their earnings per share (EPS) jump by 80pc to 10.63 Br, and dividend by 31pc.

Last year, the

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Lion International Bank to Provide Agent, Mobile Banking

Lion International Bank (LIB) S.C. will begin an agent and mobile banking system within two weeks, pending approval of the National Bank of Ethiopia (NBE).

This will put Lion in league with Commercial Bank of Ethiopia (CBE), Wegagen International Bank S.C. and United Bank S.C. who have already begun similar services. Others, such as Cooperative Bank of Oromia (CBO), Abay Bank and Dashen Bank S.C. have begun pilot programmes, according to information obtained from NBE.

The Bank has already concluded its test programme and

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