[Mar 2017] Berhan International Bank (BrIB) Latest Ethiopian News - AddisBiz.Com | Ethiopian Business Guide
Berhan 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...
Berhan International Bank S.C. has managed to increase its profit after tax consistently since 2011, although it is accumulating excess liquidity.
Coming into service in 2009, the Bank had incurred losses in its first two years. Yet the profit increase it registered 2013/14, 71pc, was its largest to date, and this dived to 17pc in the latest reporting year, when it earned 104.5 million Br net.
Last fiscal year Berhan reported a 32pc increase of its paid-up capital to 573.12 million Br, causing its earnings per share (EPS)...
Berhan International Bank S.C. has seen a year of glimmer with a rise of 71pc in its profit after tax reaching 89.3 million Br with the earnings per share also increasing to 239 Br from 205 Br.
The increase in the income of the Bank from both interest and non interest incomes have been the major factors to the growth that the bank registered. The interest incomes of Berhan have gone up by 93pc reaching 167.8 million Br and the non-interest incomes increased by 48pc reaching 131.4 million Br.
The gains of the Bank from...