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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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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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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%.
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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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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.
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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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Addis International Bank (AbIB), one of the late comers to the financial industry, has registered...
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Gross and Net Profit / Earning for Private Ethiopian Banks for 2018 / 2017 fiscal year. Rank Bank...
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Addis International Bank (AdIB) registered a modest performance in the past fiscal year declaring...
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 52.2398 | 53.2846 |
 Euro(EUR) | 53.2689 | 54.3343 |
 Pound Sterling(GBP) | 60.3757 | 61.5832 |
 UAE Dirham(AED) | 12.8708 | 13.1282 |
 Saudi Riyal(SAR) | 12.5787 | 12.8303 |
