Nib International Bank announced a gross profit of 928 million birr, which is 269 million birr higher compared to the previous year. The company’s net profit reached 720.7 million bir. The total revenue of the bank reached to 2 billion birr, up from the previous year’s 1.5 billion birr.
Interest income of the Bank has reached 1.6 billion birr. The bank was able to increase the number branches to 261, up from 215 last year. Total number of staff reached 4,972.
The total asset of the bank has reached 33.7 billion birr, up from 26.6 billion birr last year. Loan and advances of Nib Bank has also increased to 19.2 billion birr, up 13.4 billion birr last year.
The total number of depositors increaed by 200,000 and has reached 875,000.