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[Dec 2017] Ethiopian Banks 2015 Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

CBO Profits for 2014 / 2015 decline to 312 ml Br after NBE inspection

Cooperative Bank of Oromia S.C., has registered a 531.8pc increase in its provision for doubtful debts and other assets to 228.4 million Br under the helmet of its top executives who were suspended by the National Bank of Ethiopia (NBE) in August, 2015.

The sum is considerably higher than last year’s and than that of all banks which have released their financial statements. This is the updated version of the report which initially indicated that the Bank had a 322pc increase to 152.4 million Br but which was later rejected by the

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Enat Bank Profits 53 mln birr for 2015 fiscal year

Enat Bank S.C., one the last entrants to the Ethiopian banking industry, ended the 2014/15 fiscal year with an 84pc increase in its profit after tax to 53.1 million Br in its second year in business.

Its paid-up capital increased from 261.6 million Br the previous year to 383.8 million Br. In the midst of all this it reported an increase in its rate of earnings per share (EPS) from 13.47pc to 16.43pc; one share has par value of 1,000 Br.

Enat also reported total income of 198 million Br, a 110.6pc increase from the previous

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Berhan International Bank Profits 104.5 million Br for 2014 / 2015 Fiscal Year

Berhan International Bank S.C. has managed to increase its profit after tax consistently since 2011, although it is accumulating excess liquidity.

Coming into service in 2009, the Bank had incurred losses in its first two years. Yet the profit increase it registered 2013/14, 71pc, was its largest to date, and this dived to 17pc in the latest reporting year, when it earned 104.5 million Br net.

Last fiscal year Berhan reported a 32pc increase of its paid-up capital to 573.12 million Br, causing its earnings per share (EPS)

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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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United Bank Profits 281 Million Br for 2014 / 2015 Fiscal Year

United Bank’s profit after tax has almost remained the same with one per cent increase to 281 million Br, while its earnings per share (EPS), slid down from 34.1 Br to 29.8 Br for each share of 100 Br for the 2014/15 fiscal year; EPS has declined by 43.5pc since 2011.

“The Bank attributes this decline to massive expansion of capital, but the management should find a strategy to stop such spiral of decline of shareholders’ returns,” advised Abdulmena Mohammed Hamza, accounts manager at Portobello Group Ltd., a London based holding

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Abyssinia Bank makes 215 Million Birr profit for 2015 Fiscal Year

Abyssinia Bank 2015 ProfitSide by side with the public sector the private sector is currently playing vital role in contributing to the economic growth in various aspects and particularly in the burgeoning financial sector, it brought tremendous impact. Fast money transaction,reaching the public, job creation and supporting the Growth Domestic Production can be mentioned in this regard.

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Wegagen Bank S.C earns 352.4 million Birr profit for 2014/2015 Fiscal Year

Wegagen Bank Stadium Building 23 FloorsWegagen Bank announced that it earned a gross profit of Birr 452.5 million in the 2014/15 Fiscal Year ended June 30, 2015.

The Bank announced this achievement in the audited annual report unveiled at the 22nd Ordinary Shareholders’ Meeting held at Hilton Addis Ababa on November 5, 2015.

Bank President/CEO Ato Araya G/Egziabher said on

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