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[Oct 2017] Private Banks in Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Commercial Bank of Ethiopia (CBE) earns 14.6 billion birr profit before tax for 2017 / 2016 fiscal year

The state owned financial giant, Commercial Bank of Ethiopia (CBE), total assets will soon climb to a half trillion birr.
The bank disclosed in its annual performance for the 2016/17 financial that it has registered massive progresses in every aspect of the banking activity.

The biggest bank in the country stated that its assets reached to 485.7 billion birr by the end of the financial year. The capital of CBE has also reached to 40 billion birr. Recently, the government approved a capital increase.

For the year the

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Awash Bank Earns 1.44 Billion Birr Profit for 2017 / 2016 fiscal year

Awash Bank, the first private bank that commenced business after the Ethiopian Peoples’ Democratic Front (EPRDF) came to power, has earned a little over 1.4 billion birr gross profit holding its lead among private banks in Ethiopia.

Last year, the bank took the lead from Dashen Bank by surpassing the one billion birr mark. According to sources, the bank has managed to make a gross profit of 1,444,038 birr before tax in the 2016/2017 fiscal year.

This year’s profit is 439.4 million birr more than last

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Abyssinia Banks Profits 801 million birr before tax for 2017 / 2016

Abyssinia Bank ProfitBank of Abyssinia’s (BoA) profits, deposits and loan disbursements grew 50 percent this fiscal year. BoA has amassed an 801 million birr profit before tax. This was an increase of nearly 300 million birr compared with the 2015/16 fiscal year. A year ago the bank earned over 506 million birr profit before tax. The 2016/17 fiscal year achievement is 58 percent more than the 2015/16

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