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[Jun 2017] Enat Bank Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Enat Banks earns 78.9 million birr net profit for 2016 year

Enat Bank Ethiopia LogoEnat Bank has shown a 50 pc surge in profit, although the huge increase in profit after tax has been consumed by expansion in paid up capital by 47pc

A 50pc increase in net profits to 78.9 million Br, has slightly helped Enat to boost its earnings per share (EPS) which are currently at the 167.6 Br mark from 164.3 Br last year.

Established in 2013 with 11 Board members, six

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Enat Bank Profits 53 mln birr for 2015 fiscal year

Enat Bank S.C., one the last entrants to the Ethiopian banking industry, ended the 2014/15 fiscal year with an 84pc increase in its profit after tax to 53.1 million Br in its second year in business.

Its paid-up capital increased from 261.6 million Br the previous year to 383.8 million Br. In the midst of all this it reported an increase in its rate of earnings per share (EPS) from 13.47pc to 16.43pc; one share has par value of 1,000 Br.

Enat also reported total income of 198 million Br, a 110.6pc increase from the previous

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