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[Jan 2018] Dashen Bank Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Dashen Bank Profits 1.05 Billion Birr for 2017 / 2016 fiscal year

dashen bankDuring the recently ended fiscal year, Dashen grossed 1.05 billion Br operating profit excluding the Bank earnings from the shares at Tana Department Store in Merkato and Nyala Insurance. The other bank which acquired the same strategy, Awash Bank, grossed a provisional profit of 1.4 billion Br during the same period. BoA grossed 801 million Br profit during the past fiscal year.

As for Advisory services,

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Dashen’s Share Prices Rocket Once Again


Dashen Bank’s shares continue to witness soaring bids at a recent auction held for shares returned by a diaspora, attracting the biggest offer of over six times the Bank’s par value.

The auction took place on October 13, 2017, in the presence of bidders and the Bank’s representatives at its headquarters on Sierra Leone Street to auction 82 shares with a par value of 1,000 Br.

Amongst the seven bids evaluated during the auction,  the highest offer of 6,545 Br came from Endalkachew

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Dashen Bank Launches American Express Cards

Dashen Bank American Express Credit Debit Card EthiopiaDashen Bank and American Express announced the launching of American Express Cards that are designed specifically for Ethiopian consumers. The cards, which are named Dashen Bank American Express Gold and Green Debit, offer an extensive range of benefits. Consumers have the opportunities to choose the

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Dashen Bank Profits 729.3 million Br for 2014 / 2015 Fiscal Year

dashen-bankA year of increasing expenses and capital saw Dashen Bank’s profit barely rise and its earnings per share (EPS) plummet from 670 Br to 589 Br in the 2014/15 fiscal year.

The Bank is also organising its growing branches into districts in a new management system intent on decentralization of decision making. Dashen is the first of the private banks to adopt this system.

Dashen, which is among the top

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Eth-Switch to Begin Pilot Trial

The much anticipated Eth-Switch, which is expected to centralize all banks’ online real-time and electronic (CORE) banking solutions, is to commence its pilot project on May 28, 2015.

Banks such as Oromia International Bank S.C (OIB) have been working with us, Bizuneh Bekele, CEO of Eth-Switch told Fortune, but declined to name any of other banks that are engaged in the actual process of integrating their system with Eth-Switch.

The project will have two phases: the first phase is the one that will be launched as a pilot

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Dashen Launches Transactional Internet Banking

dashen-bankDashen Bank S.C started providing transaction internet banking beginning this month having received its license from the National Bank of Ethiopia (NBE).

The Central Bank licensed Dashen for the transactional internet banking on December 31, 2014, almost two weeks after it applied on December 17, 2014, for the service which allows its customers to deposit or withdraw money from a bank account by using the

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