Abay Bank Profit Latest Ethiopian News

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Most Profitable Ethiopian Banks for 2022/2021 F.Y (Estimates and actual figures)

A number of banks in Ethiopia have reported their gross profit before taxes and other deductibles for the 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We compiled this report and also estimated the profit of the remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.

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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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Products and Services in Ethiopia

Date: Aug 09, 2022
Currency (Code) Buying Rate Selling Rate
US DollarUS Dollar(USD)52.239853.2846
EuroEuro(EUR)53.268954.3343
Pound SterlingPound Sterling(GBP)60.375761.5832
UAE DirhamUAE Dirham(AED)12.870813.1282
Saudi RiyalSaudi Riyal(SAR)12.578712.8303
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