Awash Bank has managed to earn 4.2 billion birr in gross profit and 2.6 billion birr profit after tax and other deductions. This solidifies Awash Bank's number 1 spot in terms of financial performance for 2020 / 2019 budget year… Read More
Nile Insurance, one of the few insurance companies in Ethiopia which has been operating for 25 or more years, has reported that it earned a gross profit of 128.8 million birr. It's earning per share (EPS) dropped from 325 birr… Read More
United Insurance Company (UNIC) has reported that it gross written premium reached 597.4 million birr for the 2020 / 2019 budget year. The company's profit has increased by 22%. The company's profit before tax increased to 147.8 million birr while… Read More
Awash Insurance, which celebrated its silver jubilee, has managed to boost its net profit by 31pc to 209.8 million Br during the past fiscal year. The firm also managed to reverse the decline in shareholder return. Two years ago, Awash's… Read More
Abay Bank, one of the youngest banks in the country, along with Atlas Computer Technology has developed a new payment platform that enables customers to make utility and other payments online through mobile phones. Read More
The first Interest-Free Bank (IFB), ZamZam Bank (ZZB), has received a green light from the National Bank of Ethiopia (NBE) after 13 years in restless efforts. The bank was a pioneer when it started its activity in 2007 after the… Read More
Anyone who holds a payment card issued by any bank can now make payments at any Point of Sale (PoS) terminal, following the board of the National Bank of Ethiopia's (NBE) approval of the interoperability of PoS machines early this… Read More
The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on September 14, 2020, under the signature of Frezer Ayalew,… Read More
The private employees' pension fund agency is set to move to its new headquarters that was built for 682 million Br in the capital's neighbourhood of Megenagna. The Private Organisations, Employees & Social Security Agency (POESSA), which has been paying… Read More
According to a press report held on Oct 17, 2020 in Yod Abyssinia, a new bank called Akufada Bank s.c is under formation. According to the press report, the new bank under formation has prepared 2 million (2,000,000) shares each one… Read More