Abyssinia Bank Latest Ethiopian News


Abyssinia Bank Earns 1.08 billion birr gross, 853.64 million birr Net Profit for 2020 / 2019 budget year

Abyssinia Bank has earned a net profit of 853.64 million birr for the 2020 / 2019 budget year. The Bank’s earning per share (EPS) [25 birr each] has slightly decreased from 7.23 to 7.20 birr. The bank managed to collect 47 billion birr in total deposit.

The bank showed impressive performance by increasing it’s total deposit from 32.15 million birr to 47.63 billion birr.

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Ethiopian Banks Half Year Performance Report

Some private banks have stated out that their half year performance has improved compared to last year’s half year performance. Out of the 16 private banks, Awash Bank leads the pack with 2 billion birr gross profit for the 2020 / 2019 half year. Dashen Banks follows with 1.16 billion birr. Other banks have had an improved gross profit compared to last year’s performance.

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Abyssinia Bank Earns 1 billion birr gross profit for 2019 / 2018 f.y

Bank of Abyssinia (Abyssinia Bank) announced in the annual shareholder meeting that it has made a gross profit of 1.02 billion birr for the financial year concluded June 30, 2019. This figure showed an increase of 258 million birr compared to last year’s result. The net profit of the bank reached 777 million birr.

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Date: Jan 13, 2021
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