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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) | 39.3078 | 40.0940 |
 Euro(EUR) | 47.7668 | 48.7221 |
 Pound Sterling(GBP) | 53.3761 | 54.4436 |
 UAE Dirham(AED) | 10.7004 | 10.9144 |
 Saudi Riyal(SAR) | 10.4771 | 10.6866 |
