Abyssinia Bank has reported a that it has earned a 2.87 billion birr gross profit, which is a record high for the bank.
In an article posted by the bank on July 03, 2021; the bank achieved huge success in it’s profit, deposit collection, foreign exchange earnings and loan disbursements during the 2021 / 2020 fiscal year. The bank managed to collect 41.26 billion birr incremental deposit which is significantly higher than the incremental deposit rate of all private Banks.
The bank managed to add 2.5 million new customers which is a very impressive figure for a private bank.
The bank reported that ‘a large number of card, mobile, and Internet banking services have been launched during this fiscal year as well.’