Abay Bank Earns 1.5bln birr net profit for 2024/2023 f.y, Grows it’s customer base by 1mln
Abay Bank Earns 1.5bln birr net profit for 2024/2023 budget year. Paid-up capital increased to 6bln birr while total capital grew to 9.3bln birr.
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Abay Bank Latest Ethiopian News
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Most Profitable, Best Banks in Ethiopia for 2024/2023 Budget Year, Capital, Assets, Loans, Income and other Financial Indicators
Top Banks in Ethiopia Ranking for 2024/2023 G.C (2016 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2024/2023 G.C (2016 E.C) fiscal year.
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Most Profitable, Best Banks in Ethiopia for 2023/2022 Budget Year, Capital, Assets, Loans, Income and other Financial Indicators
Top Banks in Ethiopia Ranking for 2023/2022 G.C (2015 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2023/2022 G.C (2015 E.C) fiscal year.
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Best Banks in Ethiopia for 2022/2021 Budget Year
Top Banks in Ethiopia Ranking for 2022/2021 G.C (2014 E.C) Budget Year in terms of Profit, Assets, Paid-up and Total Capital, Total Income and Expense, Profit before and after tax and Earning per share (EPS) which determines Dividend or Return on Equity (ROE). Compare Ethiopian Banks Financial Performance by analyzing their annual report for key indicators such as Total Loans & Advances, Total Deposit, Number of branches, Employees and Number of account holders for 2022/2021 G.C (2014 E.C) fiscal year.
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Abay Bank Grosses 1.3Bln Br Profit for 2022/2021 fiscal year, Raises capital to 12bln Br
Abay Bank has earned 1.3bln br profit before tax for the 2022/2021 budget year decreasing it’s earning per share (EPS) from 333.5 for the previous year to 295. The Bank’s shareholders endorsed raising the Bank’s capital to 12 billion Birr. The Bank’s paid-up capital at the end of the budget year reached 3.9bln birr.
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High Court orders Abay Bank to pay 306mln Birr to Ethiopian Roads Administration
A year-long court saga between the Ethiopian Roads Administration and Abay Bank S.C. ended with the judges at the Federal High Court ordering the bank to pay 306 million birr.
The bank became liable for two advance payment guarantees it gave to the Roads Admin for road construction projects that the Administration (then Authority) and Tekle Berhan Ambaye Construction Plc signed in 2017.
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Most Profitable Banks in Ethiopia for 2022/2021 Budget Year
Most Banks in Ethiopia are releasing their annual report for 2022 / 2021 G.C (2014 E.C) budget year which ended on June 30, 2022 G.C (ሰኔ 2014). We have compiled their report and estimated the figures for remaining banks by carefully analyzing previous year’s performance and current year’s quarterly or half-year reports.
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Annual Report for Financial Performance of Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year
Annual Financial Performance Report of private Ethiopian Banks for 2021/2020 G.C (2013 E.C) budget year. The report includes key figures such as Assets, Total Capital, Paid-up Capital, Total Loans & Advances, Total Deposit, Total Revenue / Income, Expense, Profit before and after Tax, Earning per Share (EPS) and Number of employees, branches and account holders.
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Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year
All private banks in Ethiopia have reported their unaudited gross profits for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 2021 G.C (ሰኔ 2013). We have compiled the banks gross and net profit for the stated budget year below.
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Abay Bank Earns 501.2 million birr profit after tax (640 million before tax) for the 2020/2019 budget year
Abay Bank profit before tax reached 640 million birr, decreasing by 43 million birr compared to the previous year. Profit after tax reached 501.2 comparatively staying the same compared to the previous year’s net profit of 501.5 million. Earning per share (EPS) has dramatically decreased from 343.6 birr for the previous year to 269.6 birr for the current year.
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Abay Bank Launches Digital Payment Platform
Abay Bank, one of the youngest banks in the country, along with Atlas Computer Technology has developed a new payment platform that enables customers to make utility and other payments online through mobile phones.
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Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year
The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget 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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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 317ml Br Net Profit for 2018 / 2017 FY
Abay Bank reported a 66pc rise in its net profits, which reached 317 million Br during the last...
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