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Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year

While it has been a few months since the last budget year closed (July 08, 2018 – July 07, 2019 / ሐምሌ 1፡2010 – ሰኔ 30፡2011), not all banks have disclosed their financial statements. The following is Ethiopian banks’ profit before and after tax for the 2019 / 2018 fiscal year.

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Abay Bank to build 26 storey HQ in Lideta District, Addis Ababa

Abay Bank, one of the youngest banks, has joined the race to build the next large bank headquarters with an investment of 827 million Br, following the lead of a host of other private banks.

To be completed in the next four years, Abay’s headquarters will rest on a 1,600Sqm plot in Lideta District. The 26-storey building will have offices, a meeting facility and a parking space that can accommodate up to 150 cars at any given time.

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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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