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Amhara Bank S.C reported that for it’s 11 days of operation until June 30, 2022 (2022/2021 budget year), the bank grossed 237 million birr profit before tax. The bank opened 75 branches, hired 1,425 employees and collected 401 million birr. Shareholders agreed to raise the bank’s capital to 20 billion birr.
Read MoreBerhan Bank has improved last year’s poor performance by earning 583.4 million birr profit before tax at the end of June 2022. The bank’s net profit reached 478.5 million birr more than doubling last year’s amount of 194.9 million birr. The Bank’s total capital reached Birr 4.5 billion while the paid up capital reached Birr 3.2 billion.
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Addis International Bank Reports 472.8mln br Gross Profit for 2022/2021 Budget Year, EPS Grows to 282.4. The bank’s total deposit reached 7.9 billion birr as of June 30, 2022 which was 19.3% higher compared to the previous year. Total assets of the bank reached 10.8 billion birr showing a growth of 1.9 billion birr or 21.3%.
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Awash Insurance Earned 333.9 million birr gross profit for the 2022/2021 G.C (2014 E.C). The insurance company’s shareholders raised the capital of the company from 1.2 billion birr to 4 billion birr in order to be more competitive on the market.
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Bunna Bank has reported that it has earned 1.19 billion birr gross profit for 2022/2021 budget year, crossing the 1 billion birr mark for the first time. The bank’s total deposit reached 27.2 billion birr at the end of June 2022 which showed in increase of 6.7 billion or 32.8%. Total outstanding loans and advances of the bank reached 25.85 billion birr which showed an increase of 41.3% amounting 7.6 billion.
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Awash Bank reported that it has earned 7.45 billion birr profit before tax for the 2022/2021 budget year up by 2.6 Billion compared to the previous year. In it’s annual shareholders’ meeting held at Hilton Hotel on Nov 26, 2022, the company’s shareholders decided to raise the bank’s capital to 55bln birr.
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Bunna Insurance, one of the private insurance companies that started it’s operation 10 years ago reported that it has earned 45.8 million birr in profit before tax for the 2022/2021 G.C (2014 E.C) budget year, which is 24.36% higher than the previous year. In it’s annual general assembly meeting held recently, the company’s shareholders agreed to raise the insurance company’s capital from 200 million birr to 1 billion birr.
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Top Banks in Ethiopia Ranking for 2022/2021 G.C (2014 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2022/2021 G.C (2014 E.C) fiscal year.
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Abay Bank has earned 1.3bln br profit before tax for the 2022/2021 budget year decreasing it’s earning per share (EPS) from 333.5 for the previous year to 295. The Bank’s shareholders endorsed raising the Bank’s capital to 12 billion Birr. The Bank’s paid-up capital at the end of the budget year reached 3.9bln birr.
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Hibret Bank s.c which conducted it’s 25th ordinary meeting on Nov 17, 2022 reported that it has has earned 1.88 billion birr profit before tax for the budget year that ended on June 30, 2022. The total and paid-up capital of the Bank have reached 7.25bln and 4.30 billion birr. Shareholders decided to raise the bank’s capital 20bln birr.
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 53.2465 | 54.3114 |
 Euro(EUR) | 56.5691 | 57.7005 |
 Pound Sterling(GBP) | 61.8799 | 63.1175 |
 UAE Dirham(AED) | 13.1188 | 13.3812 |
 Saudi Riyal(SAR) | 12.8058 | 13.0619 |
