Awash Bank has reported that it has earned 5.58 billion birr gross profit for the 2021 / 2020 fiscal year. In a press release given by the bank’s CEO, Tsehaye Shiferaw, the bank faced many challenges such as the corona virus pandemic but due to the government’s support for the banking sector, the bank managed to earn it’s highest profit till date.
The bank managed to open 100 new branches while adding 2 million new customers, bringing it’s total to 5 million. The bank’s deposit reached 107.7 billion birr which is the highest deposit for a private bank in Ethiopia.
Awash bank currently has 566 branches.