[Sep 2021] Addis International Bank Profit Latest Ethiopian News

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year [Estimation]

Jul 7, 2021 | 0

A number of 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 30, 2021 G.C (ሰኔ 2013). We have estimated the profit of the remaining banks by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

Addis International Bank Earns 274.2 mln br gross profit (213.1mln net) for 2020/2019 budget year

Dec 26, 2020 | 0

Addis International Bank, one of the youngest banks in Ethiopia has reported that it has earned a net profit 213.1 million birr, showing an increase of 53.9 million birr or 34%. The Bank’s earning per share (EPS) increased from 20.7 from the previous year to 22.5%.

Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

Jul 20, 2020 | 0

The following table shows the gross profit (before tax) and net profit (after tax) of banks in Ethiopia for the 2020/2019 budget year.

Addis International Bank (AdB) earns 159.3 million birr net profit for 2019 / 2018 fiscal year

Dec 3, 2019 | 0

Addis International Bank announced that it has increased its annual profit by 57.57 million birr in the fiscal year 2019 / 2018 and has earned 205.1 million birr gross profit 159.3 million birr net profit.

Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year

Jul 15, 2019 | 0

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.

Currency (Code)	Buying Rate	Selling Rate
US Dollar(USD)	45.8988	46.8168
Euro(EUR)	53.7704	54.8458
Pound Sterling(GBP)	60.0868	61.2885
UAE Dirham(AED)	11.3076	11.5338
Saudi Riyal(SAR)	11.0746	11.2961

Addis International Bank Profit Latest Ethiopian News

Most profitable Ethiopian Private Banks for 2021 / 2020 fiscal year [Estimation]

Addis International Bank Earns 274.2 mln br gross profit (213.1mln net) for 2020/2019 budget year

Most Profitable Ethiopian Private Banks for 2020 / 2019 Fiscal Year

Addis International Bank (AdB) earns 159.3 million birr net profit for 2019 / 2018 fiscal year

Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year

Addis International Bank Earns 113ml Br Net Profit for 2018 / 2017 FY

Most Profitable Ethiopian Private Banks for 2018 / 2017 Fiscal Year

Addis International Bank (AdIB) Earns 92.2ml Br Profit After Tax for 2017/16

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