Lion International Bank has reported that it has earned 695.5 million birr gross profit for 2019 / 2018 budget year. As per the company’s annual financial report, the net profit has now reached 539 million birr.
The bank’s total depositors are currently 764,000 while total deposit of the bank now stands at 16.4 billion birr. The bank managed to collect 218 million USD, which was one of the key areas that allowed the bank to grow it’s profits.
Total assets of the bank have reached 20 billion birr while card banking has currently reached 49,000 customers.
The paid up capital of the bank currently stands at 1.6 billion while the total capital has grown to 2.5 billion.
The EPS(Earning per share) for ordinary shares worth 25br each has grown from 7.25 to 9.5.
The bank has purchased a G+8 building resting on 1,352 sqm area around Berhane Adere mall, Bole area, Addis Ababa at a cost of 470 million birr. The bank has also leased 2,000 sqm land in Mekelle where it intends to develop a building on. As for headquarter building, the bank’s report states that it is in the process of receiving 3,000 sqm land around Mexico Area, Addis Ababa where it intends to develop a state of the art head quarter building.
Lion International Bank currently has 247 branches.