Abay Bank Profit Latest Ethiopian News

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Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

The current budget year (July 08, 2019 – July 07, 2020 / ሐምሌ 1፡2011 – ሰኔ 30፡2012), has recently been closed. Most banks in Ethiopia have a very close estimate of their profit before tax and other deductions. 

The following is an estimation of Ethiopian banks’ profit before tax and other deductions for the 2020 / 2019 fiscal year.

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Abay Bank grosses 683 million birr profit for 2019 / 2018

Abay Bank has earned 683 million birr gross profit for the year ended June 30, 2019. During this budget year, the total income of the Bank increased to 1.8 billion birr showing 40 percent growth from the previous year while the total assets of the Bank has also increased to 15.1 billion birr.

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Abay Bank Earns 189.7ml br After Tax for 2017 /16 Fiscal Year

Abay Bank registers 249 million birr profit before tax which represents 30 percent growth over from the previous year. According to the Bank’s performance report on the fiscal year that ended on June 30, 2017, the Bank’s aggregate deposit has reached birr 6.8 billion for the year.

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